Blink Charging Co. Explodes Nearly 200% on Whole Foods Partnership

Shares of Bling Charging Co. were on fire in Monday’s trading session after traders learned that the charging company had announced a partnership with Amazon’s Whole Foods.

The stock closed up 172.97% on the news.

Blink, who owns, operates, and provides electric vehicle charging stations, will add stations to three Whole Food locations in Pennsylvania. The locations are in Lancaster, Exon, and Spring House.

The company has said it wants to add more locations in the future.

Blink CEO Mike Calise commented, “Whole Foods Market has always been on the frontlines of innovation in sustainability, and so we are eager to be working with them on their new locations. Whole Foods knows that providing Blink Charging Stations at their stores not only delivers a needed amenity for their EV customers, it also provides the infrastructure for the future of transportation which has already reached a tipping point.”

He added, “Providing Blink Charging services to Whole Foods shoppers is an exciting endeavor because it supports our commitment to making EV charging more accessible. Blink is the only charging station provider that is entirely vertically integrated and so with every installation, we’re able to make sure EV drivers will always have a place to charge, no matter where they go.”

Disclaimer: We have no position in Blink Charging Co. (NASDAQ: BLNK) and have not been compensated for this article.