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Why is Blink Charging Co (BLNK) Stock down?
Blink Charging shares (BLNK) dropped to $4.09 from $4.32 (-5.32%) following today's announcemnet that the company will supply EV charging solutions to the Tennessee Valley Authority (TVA) for a two-year contract, supporting TVA's goal of 200,000+ EVs in its service area by 2028. This partnership aligns with Blink's strong Q2 2023 earnings and its mission as a vertically integrated EV charging company.
Shares of Blink Charging Co (BLNK) were sinking 9.21% from $5.32 to $4.83 after the news that Kaplan Fox is investigating claims regarding potential securities fraud at Blink.
Blink Charging (BLNK) shares plummeted 10% (from $6.86 to $5.89) after disclosing an SEC subpoena linked to events over the past three years, raising investor uncertainty about the investigation's implications.
https://investorplace.com/2023/08/blnk-stock-alert-blink-charging-plunges-on-sec-subpoena/
Shares of Blink Charging (BLNK) fell down from $6.67 to $5.96, marking a 10.64% decrease. Tesla's agreements with General Motors and Ford to open up its supercharger network to other automakers are causing concerns about increased competition for charging slots among Tesla owners, impacting EV charging stocks like ChargePoint (CHPT), EVgo (EVGO), and Blink (BLNK), which are down by 10% to 15% today.
https://investorplace.com/2023/06/why-are-ev-charging-stocks-down-today/
Blink Charging (BLNK) sharesfell 13.64% (from $13.86 to $11.97) as the company expands its public offering to $100 million, up from $75 million, and prices shares at $12 each. Investors typically react negatively to such stock offerings, which increase outstanding shares and are priced below market value.
https://investorplace.com/2023/02/blink-charging-blnk-stock-slumps-on-public-offering-news/
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