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EVgo and Blink Charging stocks rise while ChargePoint falls amid sector rotation.

Market News
02 Oct 2026
24/7 Wall Street
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EVgo and Blink Charging stocks rise while ChargePoint falls amid sector rotation.

Shares of EVgo and Blink Charging climbed 10% and 6% respectively, while ChargePoint's stock dropped 5%, reflecting a rotation of money within the U.S.-listed EV charging sector. ChargePoint led gains in September after strong quarterly results but is now giving back some of those gains as investors shift focus to EVgo and Blink. EVgo's recent deal with Tesla to sell and operate Superchargers and its network expansion plans provide a growth path that investors are watching closely. The broader market showed modest gains, highlighting the distinct moves within this small group of EV charging stocks.

The story covers EVgo, Blink Charging, and ChargePoint in the U.S. EV charging market. For readers following the Consumer Cyclical sector, here is Pluang's market snapshot as of Oct 02, 2026 22:41 WIB: of 112 priced US stocks, 51 rose and 61 fell. Tesla (TSLA) rose 5.35% to USD 373.07 with a typical hold time of 87 days, Global E Online Ltd (GLBE) fell 3.85% to USD 38.66, and Lennar Corporation (LEN) dropped 3.84% to USD 78.96 with 100% buy order activity.

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