Welcome to our dedicated page for Blink Charging Co. news (Ticker: BLNK), a resource for investors and traders seeking the latest updates and insights on Blink Charging Co. stock.
Blink Charging Co. (NASDAQ: BLNK, BLNKW) is a prominent leader in the public electric vehicle (EV) charging sector in the United States. Headquartered in Florida, with additional offices in Arizona and California, Blink Charging is dedicated to accelerating the adoption of public EV charging. The company provides a range of EV charging equipment and connectivity solutions through its cloud-based Blink Network, which operates, manages, and tracks Blink EV charging stations and all associated data.
Blink Charging caters to a wide array of property partners, including multifamily residential complexes, commercial properties, airports, colleges, municipalities, parking garages, shopping malls, retail parking areas, schools, and workplaces. This diverse presence ensures that EV drivers can easily recharge their vehicles at a variety of convenient locations.
The company’s core business revolves around the sale and distribution of EV charging equipment and the revenues generated from customers and property partners who utilize equipment connected to its network. Blink Charging not only sells and installs charging stations but also offers a comprehensive suite of services to maintain and optimize their operation.
One of Blink Charging’s recent achievements includes the initial steps to provide twelve chargers at a high-volume sorting center in Rugby, UK. This marks a significant step in expanding their footprint beyond the United States. Additionally, the company has introduced Blink Care, an optional maintenance program designed to minimize charger downtime and enhance the overall charging experience for users.
Blink Charging’s strategic vision is further evidenced by its selection as one of the EV charging providers designated to support a more sustainable future by expanding charging infrastructure. Financially, Blink Charging maintains a robust position, with substantial proceeds from recent initiatives aimed at bolstering its market presence.
Blink Charging Co. (NASDAQ: BLNK, BLNKW) has partnered with Sustainable Westchester to promote electric vehicle (EV) charging infrastructure in Westchester County, NY. As part of this initiative, Blink will provide 50 fast IQ 200 chargers at no cost to hosts. The collaboration supports New York’s NYSERDA and Make Ready programs aimed at enhancing EV adoption. Currently, Westchester County has over 5,500 EVs but only one charging station per 22.2 EVs, highlighting the need for increased infrastructure. The partnership aims to significantly improve the region's EV charging capabilities.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) supports California's Governor Gavin Newsom's executive order banning new gas-powered vehicles by 2035. CEO Michael D. Farkas highlighted the significance of this move for reducing greenhouse gas emissions, aligning with Blink's ten-year commitment to EV infrastructure. The company is expanding its network, having recently acquired BlueLA to enhance mobility in Los Angeles. California's Charge Ready program will facilitate the deployment of 40,000 charging stations, further enabling Blink's growth and commitment to clean transport alternatives.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) reported a significant surge in activity during the summer of 2020, deploying 539 EV charging stations, a nearly 100% increase from 2019. In the U.S., 300 stations were sold or deployed, with California accounting for 37% of new installations. The company also recorded a 73% increase in residential HQ 100 chargers sold. Internationally, 105 stations were deployed, including 52 in the Dominican Republic and 50 in Greece. This expansion reflects Blink's response to rising EV adoption and growing consumer demand for charging infrastructure.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the acquisition of BlueLA Carsharing, enhancing its position as the contractor for Los Angeles’ EV carsharing program. This acquisition adds 200 charging stations and 100 electric vehicles to Blink’s portfolio, doubling its local infrastructure. CEO Michael D. Farkas emphasized the strategic importance of this move for expanding EV access, particularly in disadvantaged communities. Blink plans to upgrade BlueLA’s infrastructure and collaborate with mobility providers to improve services. The initiative aligns with Los Angeles’ commitment to reduce emissions and promote clean transportation.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced its inclusion in the CIBC Atlas Clean Energy Index, effective September 18, 2020. This milestone underscores Blink's leadership in the EV charging sector and enhances its visibility among investors. CEO Michael D. Farkas highlighted this event as key to building shareholder value and increasing share liquidity. The index offers exposure to U.S. and Canadian companies involved in clean energy, reflecting an important shift in the market towards sustainable technologies.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced that CEO Michael D. Farkas will present at Cowen’s 13th Annual Global Transportation & Sustainable Mobility Conference on September 10, 2020, at 9:20 AM EST. He will discuss Blink's market opportunities, technology, business models, and growth strategy. A public webcast of his presentation will be accessible online. Blink, a leader in EV charging, has deployed over 23,000 charging stations worldwide and is positioned for significant growth as global EV purchases are expected to reach 10 million by 2025.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced that CEO Michael D. Farkas will present at the LD 500 investor conference on September 2, 2020, at 6:40 AM PST / 9:40 AM EST. The presentation will cover the company’s market opportunities, innovative technology, flexible business models, and growth strategy. A public webcast of the presentation will be available online. Additionally, Farkas will conduct virtual one-on-one meetings with institutional investors throughout the day.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) has received a follow-on order from InterEnergy Group for 150 fast-charging stations valued at over $1 million, expanding the total order to 350 stations for deployment in the Dominican Republic. This initiative supports InterEnergy's goal of establishing 500 charging stations by the end of 2021 through its Evergo network. Blink's IQ 200 units, known for their speed and efficiency, are well-received in the market. The partnership aims to enhance the country's EV infrastructure amid a growing interest in electric vehicles.
Blink Charging Co. (NASDAQ: BLNK, BLNKW) announced a program to upgrade first-generation EV charging equipment to its latest IQ 200 model. This initiative aims to improve EV charging infrastructure and enhance user experience at host locations. As part of a new multi-year revenue-sharing agreement, existing hosts can replace their aging equipment with the state-of-the-art 80-amp IQ 200 units, which offer faster charging capabilities. Blink has already upgraded 884 charging stations, reinforcing its commitment to operational improvements and a better experience for EV drivers.
Blink Charging Co. (Nasdaq: BLNK, BLNKW) issued a statement on Aug. 20, 2020, addressing false reports intended to manipulate its stock price downward. The company categorically denies the allegations and states these claims have adversely impacted its stock. Blink is taking legal action against the authors and sponsors of these reports and has engaged the Ashcroft Firm for investigation. Investors are advised to rely on Blink's public filings for accurate information regarding the company.
FAQ
What is the current stock price of Blink Charging Co. (BLNK)?
What is the market cap of Blink Charging Co. (BLNK)?
What does Blink Charging Co. do?
Where is Blink Charging Co. headquartered?
What services does Blink Charging offer?
Who are Blink Charging’s property partners?
What is the Blink Network?
How does Blink Charging generate revenue?
What recent expansion has Blink Charging undertaken?
What is Blink Care?
What is Blink Charging’s latest achievement?
How can I contact Blink Charging for media inquiries?
