Blink gains after hedge fund Citadel discloses stake in EV charger maker

Blink Charging

18/12/2023 11:25

** Shares of EV charger maker Blink Charging  BLNK.O  rise
5.1% to $3.32 premarket
    ** Billionaire Kenneth Griffin's Citadel hedge fund takes a
stake in BLNK, according to a regulatory filing
    ** Citadel Advisors Holdings LP disclosed on Friday after
market it has a 0.4% stake in the firm
    ** Griffin has a 0.9% stake in BLNK, according to the filing
    ** BLNK has seen its shares rise by 35% in November after
the company raised its annual revenue forecast and said it was
targeting adjusted EBITDA break-even next year
    ** Up to last close, stock has fallen ~71% this year

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))