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Penny stocks can be a funny investment vehicle. They can also be wildly lucrative, as electric-vehicle infrastructure specialist Blink Charging (BLNK) recently demonstrated. Last Friday, BLNK stock popped over 10% on what appeared to be little corporate-specific news. Instead, it seemed as if market participants began fully digesting an earlier positive announcement.
Late last month, Blink’s leadership team revealed that it surpassed the milestone of 100,000 chargers sold, deployed or contracted globally. “We’re proud to reach this significant accomplishment through dedicated pursuit of our mission to advance the energy transition through Blink’s innovative charging solutions,” said Brendan Jones, Blink’s President and CEO.