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Blink Charging (BLNK) Stock Climbs As It Signs Lehigh Valley Health Deal

Updated: 22 Dec 2020

Electric vehicle charging company Blink Charging (NASDAQ: BLNK) revealed on Tuesday that it has signed an exclusive seven-year agreement with Lehigh Valley Health Network, a healthcare network based in Pennsylvania.

While there were no financial details provided on the agreement, Blink said it will allow them to deploy EV chargers across Lehigh’s hundreds of healthcare facilities, including hospitals, health centres, physician practices rehabilitation sites and other outpatient locations.

There are two seven-year extensions in the agreement that will see Blink own and operate all charging stations.

“As the EV boom continues, Blink is leveraging our relationships, such as this one with Lehigh Valley Health Network, to identify host locations that recognize the need for EV charging infrastructure as consumer demand increases,” said Brendan Jones, COO at Blink.

Blink shares have continued to climb since the open, currently trading as high as $44.40, increasing over 18% from Monday’s close.

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