Why Blink Charging Stock Was Electric on Tuesday

Electric vehicle (EV) charging station specialist Blink Charging (NASDAQ: BLNK) had a fine Tuesday, trouncing the market with a 9.3% gain despite the lack of any share-pushing, proprietary news. The foot on the accelerator seems to have been an analyst report that, while not directly bullish on the company, nevertheless paints a rosy picture of the future of its industry.

Bank of America (NYSE: BAC) Securities analyst John Murphy wrote a research note on California Governor Gavin Newsom's recent executive order on automobile manufacturing, which states that "it shall be a goal of the state that 100% of in-state sales of new passenger cars and trucks will be zero-emission by 2035."

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Source Fool.com