Why Blink Charging Stock Crushed the Market on Monday
Blink Charging (NASDAQ: BLNK) stock had quite the electric start to its trading week. Investors eagerly plugged into the electric vehicle (EV) charging specialist's shares on Monday, sending them more than 9% higher on a day when the S 500 index couldn't quite crack the 1% barrier. The surge was due to a new product announcement.
That morning, Blink announced that it will soon roll out a new 240-kilowatt direct current (DC) fast charger that will feature both Connected Charging System (CCS) and North American Charging Standards (NACS) connectors.
Up until recently, the NACS standard devised by industry leader was used by that company exclusively for both its charging ports and the connectors on its prominent Superchargers and other charging solutions.
Source Fool.com
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