Why Blink Charging's Shares Popped 15.6% on Wednesday Before Crashing

Shares of Blink Charging (NASDAQ: BLNK) jumped as much as 15.6% in trading Wednesday as renewable energy stocks jumped across the board. But unlike some of the industry, shares fell back to earth and are down 0.4% as of 2:50 p.m. EDT.

Renewable energy stocks are up today, with some climbing double digits. Part of that is a response to the market rising and renewable energy stocks being more volatile, which exaggerates the market's move. But another factor could be that renewable energy got a powerful shout out in the Presidential debate last night, particularly from Joe Biden, who is leading in the polls. Public policy is critically important for renewable energy, and if someone more friendly to the industry is in the White House it could be a big win for the industry.

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