Blink Charging Stock Boosted Before Earnings

The climate change bill is picking up electric vehicle sector today

Deputy Editor
Aug 8, 2022 at 2:46 PM
facebook X logo linkedin

Blink Charging Co (NYSE:BLNK) is on the rise ahead of its second-quarter earnings report, due out after the close today. The stock is up 3.3% to trade at $23.79 at last check, as electric-vehicle charging stocks get a boost from the $430 billion climate change bill that was passed by the Senate this weekend. 

Today's pop has BLNK on track for its sixth-straight day of gains, now trading at its highest levels since April. The stock is also contending with its 200-day moving average, which kept a cap on its early April gains. Year-to-date, the equity is down 10.6%. 

New BLNK August8

Blink Charging stock is seeing a burst of bullish options activity ahead of the event. So far, 9,192 calls have crossed the tape -- three times the average intraday amount. The weekly 8/12 26-strike call is the most popular, with new positions being bought to open there. 

A look at BLNK's post-earnings history shows the stock finishing five of its last eight next-day sessions higher, including a 4.8% pop this past May. This time around, the options pits are pricing in a post-earnings swing of 13.5%, which is much higher than the 6.7% move the security has averaged over the last two years. 

It's also worth noting that the equity has plenty of short-covering potential. The 11.06 million shares sold short account for a large 26.7% of the stock's available float. 



How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.