Blink Charging (BLNK) Gains Momentum Amid Ongoing Fast-Charging Network Expansion

Blink Charging Co. (NASDAQ:BLNK) is one of the stocks under $1 that will explode.

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A state-of-the-art electric vehicle charging at a station at a suburban mall.

By market close on January 8, 2026, Blink Charging Co. (NASDAQ:BLNK) was seen gaining strong share price momentum, recording approximately a 17% return over the past five days.

This follows the company’s December 11 update, where it reported that Blink Charging Co. (NASDAQ:BLNK) priced a public offering of 26,666,666 shares at $0.75 per share. With this offering, the company raised roughly $20 million in gross proceeds before fees, providing incremental capital to fund capital expenditures related to its owned and operated DC fast-charging network expansion. Furthermore, it will also support the company’s working capital and general corporate needs.

Meanwhile, Blink Charging Co. (NASDAQ:BLNK) reported a strategic commercial win earlier in November, bagging a Sourcewell contract effective through September 18, 2029, with potential one-year extensions. This agreement will enable over 50,000 government, education, and nonprofit agencies to procure the company’s Level 2 and DC fast chargers, software, installation, and maintenance through a streamlined purchasing process. Looking ahead, the company stands well-positioned to pursue public-sector demand while scaling its fast-charging footprint nationwide.

Blink Charging Co. (NASDAQ:BLNK) focuses on operating and providing EV charging equipment and networked charging services. The company’s offerings include Level 2 and DC fast chargers, software, and support solutions to commercial, residential, and public-sector customers.

While we acknowledge the potential of BLNK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BLNK and that has 100x upside potential, check out our report about this cheapest AI stock.

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