Blink Charging (BLNK) Soars 5.17% on Partnership, Acquisition News

Blink Charging (BLNK) shares surged 5.17% today, marking the fifth consecutive day of gains, with a 30.76% increase over the past five days. The stock price reached its highest level since January 2025, with an intraday gain of 9.48%.

The strategy of buying BLNK shares after they reach a recent high and selling them a week later resulted in a significant loss. Over the past five years, this strategy yielded a return of -89.27%, underperforming the benchmark return of 59.24% and generating an excess return of -148.50%. The strategy's CAGR was -58.53%, indicating substantial depreciation, while the Sharpe ratio was -0.76, reflecting poor risk-adjustled returns. The maximum drawdown was 0.00%, which suggests that the strategy's low return was due to underperformance rather than additional losses during a market downturn.

Blink Charging's recent stock performance can be attributed to several key developments. The company announced a significant partnership, which contributed to an 8.8% increase in the afternoon session. This strategic move has likely bolstered investor confidence in the company's growth prospects.

Additionally, Blink Charging has agreed to acquire Zemetric, a company specializing in fleet charging solutions. This acquisition is expected to close by July 2025 and is likely to enhance Blink Charging's capabilities in the electric vehicle (EV) charging market. The acquisition of Zemetric aligns with Blink Charging's strategy to expand its offerings and strengthen its position in the rapidly growing EV infrastructure sector.