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EV play Blink Charging is up more than 50% this quarter. Cowen says take some profits

A sign that reads "EV Charging Only."
Ben Hasty | MediaNews Group/Reading Eagle via Getty Images

Shares of electric-vehicle charging company Blink Charging have surged more than 50% in the fourth quarter amid investor optimism around the space, but Cowen says it's time to lock in gains.

The firm on Monday cut the stock to a market perform rating from outperform following the "euphoric run across EV charging stocks."

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