By Kuldip K. Ambastha
Blink Charging Co. (BLNK) is a company in the electric vehicle (EV) space, focused on operating and providing EVs, charging equipment, and networked EV charging services. On Thursday, April 8, 2021, the company’s stock returned +12.9% for the trading day. Blink’s large stock gain on this trading day was driven by the public announcement of an agreement with Four Brothers Pizza Inn (Four Brothers). Blink will be deploying 42 charging ports (specifically, 21 chargers with 2 ports each) at 10 Four Brothers locations across the state of New York.
Funding from programs within the state of New York (the Make Ready incentive of New York utilities, plus the Charge Ready program from the New York State Energy Research and Development Authority [NYSERDA]) made this agreement lucrative to both Blink and Four Brothers. In the USA at the federal government level, legislation aimed at building a national EV charging system may be possible in the future. If this federal legislation is passed, Blink’s stock price may benefit even further going forward.
Keywords – Blink Charging Co., Blink Charging, Blink, BLNK, electric vehicle, EV, Four Brothers Pizza Inn, Four Brothers, New York, NY, state of New York, The Empire State, Make Ready, Charge Ready, New York State Energy Research and Development Authority, NYSERDA.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in BLNK.
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