Shares of Blink Charging Co. BLNK, +8.64% rallied 1.5% in morning trading Wednesday, after the provider of electric-vehicle charging equipment said it was awarded a Multiple Award Schedule (MAS) contract by the U.S. General Services Administration (GSA). The contract simplifies the federal procurement process, making it easier for government customers and federal agencies to buy Blink equipment. “We anticipate that federal government purchases of EV charging equipment and services will accelerate significantly in the coming years and Blink is well positioned to provide innovative solutions to these government customers,” said Chief Revenue Officer Michael Battaglia. The stock has tumbled 26.2% over the past three months, while the S&P 500 SPX, +1.42% has gained 4.2%.

Intel shares were heading toward their best day of the year following an investor presentation on plans to reverse a slide in data-center progress. Single Phase Ev Charger

Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.

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