Blink Charging Gets Big USPS Contract. The Stock Drops.

The U.S. Postal Service is going electric and EV infrastructure provider

Blink Charging

just landed a contract to provide tens of thousands of charging units to the federal agency.

Blink (ticker: BLNK) will sell up to 41,500 units to the post office under an IDIQ contract, the company announced on Thursday. IDIQ stands for indefinite delivery/indefinite quantity.