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Why Blink Charging, Pivotal Investment, and Plug Power Stocks Jumped Today

Why Blink Charging, Pivotal Investment, and Plug Power Stocks Jumped Today

Friday is shaping up to be a busy day for investors in renewable energy stocks, as shares of electric-vehicle (EV) charging company Blink Charging (NASDAQ: BLNK), hydrogen fuel cell stock Plug Power (NASDAQ: PLUG), and a newcomer to the scene, Pivotal Investment (NYSE: PIC), all charge higher today. As of 10:20 a.m. EDT, Blink shares were up a strong 6%, Plug Power had gained 5.7%, and Pivotal Investment was beating them both by rising 16.7%. In the case of Blink, investors are reacting to the company's announced acquisition of Los Angeles-based BlueLA Carsharing, which operates 200 EV charging stations and manages a fleet of 100 EVs in the city.