Blink Charging Stock Nearly Doubled in July

Shares of Blink Charging (NASDAQ: BLNK) gained 94.5% in July 2020, according to data from S&P Global Market Intelligence. Stretch out the timeline a bit and you'll see the stock zooming 592% higher since the end of May. The Miami Beach-based company that designs charging stations for electric cars has yet to collect any serious revenue or actually build any charging stations, but the stock is skyrocketing thanks to a number of promising development deals.

The latest stratospheric push came from a Blink agreement to build a charging-station network in Greece with the help of a local telecom and a network of Nissan (OTC: NSANY) dealerships. That announcement alone drove Blink Charging's stock more than 23% higher in a single day.

That's just one of several value-boosting deals Blink announced in July.

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Source Fool.com