Why Blink Charging Stock Soared 17% Today

Shares of electric car charging company Blink Charging (NASDAQ: BLNK) rocketed to close 17.1% higher on Monday.

You can thank an analyst at H.C. Wainwright for that.

Shares of Blink got upgraded to buy with a $50 price target at investment banker H.C. Wainwright this morning, as described in a note covered on StreetInsider.com. As analyst Sameer Joshi explained, Blink is benefiting from "several positive developments," not least the passage of President Biden's $1 trillion infrastructure bill, which includes "approximately $7.5B" in funding for companies building out electric vehicle (EV) charging networks in the U.S.

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Source Fool.com