BLNK - Why EV Charging Stocks Are Soaring Today
Shares of stocks in the electric vehicle (EV) charging sector are moving higher Tuesday. The double-digit bounce was spurred by two different public comments made yesterday.
As of 11:30 a.m. EST, shares of two special purpose acquisition companies (SPACs) that will be merging with EV charging companies spiked. Shares of TPG Pace Beneficial Finance (NYSE: TPGY) , which will be bringing EVBox public, were 15.3% higher. Climate Change Crisis Real Impact I Acquisition (NYSE: CLII) , which is combining with EVgo, saw its shares rise 11.7%. Shares of Blink Charging (NASDAQ: BLNK) also jumped 18.7%.
Image source: Blink Charging.
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Why EV Charging Stocks Are Soaring Today