Markets

Stock Alert: SG Blocks Soars 50% On Deal With Blink Charging

(RTTNews) - Shares of nano-cap company SG Blocks Inc. (SGBX) surged over 50% on Friday morning after the company inked a deal with Blink Charging Co. (BLNK), an operator of electric vehicle charging equipment and services.

SGBX is currently trading at $3.17, up $1.15 or 56.9307%, on the Nasdaq.

SG Blocks, a designer, innovator and fabricator of container-based structures, said it entered into an exclusive Master Development and Production Agreement with Blink through which Blink's EV charging solutions will be deployed along with SG Blocks' container-based modular building structures.

The EV charging containers will be designed to provide off-grid charging solutions through a combined solar and battery components in multiple capacities.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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