The Zacks Analyst Blog Highlights: NVIDIA, Target, Lam Research, Alphabet and Intuitive Surgical
Blink Charging (NASDAQ: BLNK), the young company riding the current wave of popularity with electric vehicle companies, said Monday its stock will become a component of the Russell 2000 index. The Russell 2000 is the most popular index of small-cap stocks on the market, so fresh inclusion on it instantly raises a company's profile. It also makes it a target for the numerous index funds that concentrate on the Russell 2000 or trawl for small-cap companies on various indexes more generally.
The addition of several electric-vehicle and autonomous-driving stocks to the Russell 3000 this month illustrates the continued transformation of the auto sector and the growing importance of EV technology.