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Blink Charging Revs Up as Interest in Electric Vehicles Surges

Electric-vehicle-charging company Blink Charging’s  (BLNK) – Get Report shares continued to climb on Monday amid growing interest in EV production.

Shares of the Miami Beach company at last check were up 25% to $28.32. Blink’s stock more than doubled last week.

Volume for the stock was approaching 46 million shares just before noon U.S. Eastern on Monday, more than seven times its 65-day average volume of 6.1 million shares. 

H.C. Wainwright recently raised its price target on Blink’s shares while maintaining a neutral rating.

“Our model is very simple,” Chief Executive Michael Farkas said in an interview with IPO Edge. 

“Whether it’s at a multifamily residential facility, single-family home, retail market, hotel, or if you’re driving along a highway and need to supercharge, we’ll have a solution for you as well.”

Last week the company unveiled a new cable management system for use with both new Blink charging stations and retrofit installations of its IQ 200 charging stations.

Blink Charging said the system would help with EV-charging market demand for flexible EV charging equipment configurations.

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