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Blink Charging Co. - BLNK STOCK NEWS

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.

News

Blink Charging to Host Fourth Quarter and Year End 2023 Conference Call on Thursday, March 14, 2024

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Blink Charging Co. (BLNK) anticipates exceeding revenue targets for Q4 2023 and full-year 2023, with Q4 revenue expected to surpass $42 million and full-year revenue to surpass $140 million. The company aims to achieve a positive Adjusted EBITDA run rate by December 2024.
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BLINK CHARGING ANNOUNCES PRELIMINARY FULL-YEAR 2023 REVENUE IN EXCESS OF $140 MILLION, REITERATES ADJUSTED EBITDA PROFITABILITY TARGET

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Blink Charging Co. (BLNK) announces a record-breaking fourth-quarter 2023 revenue exceeding $42 million and a full-year 2023 revenue surpassing $140 million. The company aims for positive Adjusted EBITDA by December 2024.
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Blink Charging Chosen by City of Frederick, Maryland, for Downtown Electric Vehicle Charging Solutions

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Blink Charging Co. (BLNK) announced the installation of 20 IQ 200 chargers across four downtown parking garages in the City of Frederick, MD, to cater to the charging needs of residents and visitors. The strategic placement of the chargers near key retail, dining, and residential areas aims to enhance accessibility for users. The collaboration between Blink Charging and the City of Frederick signifies a groundbreaking advancement in the expansion and innovation of EV charging infrastructure. The City of Frederick Department of Economic Development is introducing membership options for residents, ensuring secured access to charging spots, granting them the flexibility to charge their vehicles at their convenience. The initiative is designed to cater to residents and frequent visitors, providing added convenience for their trips to the city. Mayor Michael O'Connor believes that together with Blink, they are powering Frederick towards a greener, more sustainable future. The initiative is also supported by the Greater Washington Region Clean Cities Coalition, aiming to improve equitable access to clean energy and transportation.
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Blink Charging and Allegiant Stadium, Home of Las Vegas Raiders, Team Up to Provide On-Site EV Charging for Fans and Visitors

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Blink Charging Co. has been named the official EV charging provider for Allegiant Stadium, home of the Las Vegas Raiders, offering much-needed reliable EV charging solutions for drivers. The chargers, operational 24/7, will provide EV owners with the flexibility to utilize Allegiant Stadium’s charging facilities at any time, whether attending a major game, shopping, enjoying a concert, participating in an event at the stadium, or simply passing by and in need of a quick charge. Allegiant Stadium's commitment to sustainability is further reinforced by this partnership, following its LEED Gold Certification and becoming the inaugural professional football stadium powered entirely by renewable energy.
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Blink and McArthurGlen Team Up to Provide EV Chargers at Famous Dutch Designer Outlets

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Blink Charging Co. partners with McArthurGlen to install 33 EV chargers at designer outlet centers in the Netherlands, with plans to expand to 400 chargers in the next two years. The partnership aims to provide reliable EV charging for millions of visitors annually. Blink Charging is poised for rapid expansion in Dutch territory, offering modern charging equipment and smart services to meet the growing demand for environmentally friendly electric vehicles.
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Porsche Dealership, Grupo Q, Boosts EV Charging Presence in El Salvador with Blink Charging Collaboration 

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Blink Charging Co. (NASDAQ: BLNK) partners with Grupo Q, Porsche's official dealer in El Salvador, to launch five advanced EV charging stations in select premium locations, strategically placed at high-demand spots like hotels, restaurants, golf clubs, retail shops, and marinas. The chargers are part of Porsche's Destination Charging Program, aiming to expand and ensure EV charging infrastructure worldwide. Blink's fast Level 2 (L2) AC charging stations, IQ 200 chargers, will provide approximately 65 miles of charge in just one hour, featuring convenient payment options and major credit card support.
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Blink Charging Celebrates a Strong 2023, Setting Up for a Prosperous 2024

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Blink Charging Co. (NASDAQ: BLNK) had a record-breaking year in 2023, solidifying its position as an EV charging industry leader. The company made significant collaborations, including an exclusive agreement with Mitsubishi, a successful $100 million capital raise, a contract with the United States Postal Service for up to 41,500 EV charging stations, and the acquisition of Envoy Technologies, Inc. Blink also announced record-breaking revenue in the third quarter, surpassing its previous record-breaking second quarter.
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Blink Charging to Provide Mack Trucks’ Customers with Fleet EV Infrastructure

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Blink Charging Co. (NASDAQ: BLNK) has been selected as a full-service EV infrastructure provider for Mack Trucks through Mack’s Vendor Direct Ship and Turnkey Solutions program. This partnership will enable Mack Trucks' customers to have access to Blink’s EV equipment specially designed and optimized for fleets. Blink Charging Co. also announced plans to expand operations in the United Kingdom and Ireland by launching its advanced EQ 200 charger, continuing its global expansion initiative. The company's third-quarter results evidenced a notable increase in revenues by 152%, totaling approximately $43.4 million, and a surge in gross profits by 167% to roughly $12.8 million in contrast to Q3 2022.
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Blink CEO, Brendan Jones, to Discuss Blink’s Continuous Record Growth and Path to Profitability at UBS Industrials Summit on November 29

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Blink Charging Co. (NASDAQ: BLNK) announced President and CEO Brendan Jones will discuss the company’s record growth and strategic roadmap towards positive EBITDA at UBS Industrials Summit on November 29. The company raised its 2023 revenue target to $128 - $133 million and targets adjusted EBITDA break-even run rate by December 2024. Third quarter 2023 results showed significant increases in total revenues, gross profit, product sales, and service revenues, indicating strong demand for its products and services.
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BLINK CHARGING ANNOUNCES RECORD THIRD QUARTER WITH 152% REVENUE GROWTH TO $43.4 MILLION AND 167% INCREASE IN GROSS PROFIT

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Blink Charging Co. (Nasdaq: BLNK) raises 2023 revenue target to $128 - $133 million and targets adjusted EBITDA break even run rate by December 2024. Third quarter 2023 revenues increased 152% to $43.4 million. Gross profit increased 167% to $12.8 million with 29.5% margin.
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FAQ

What is the current stock price of Blink Charging Co. (BLNK)?

The current stock price of Blink Charging Co. (BLNK) is $1.49 as of December 20, 2024.

What is the market cap of Blink Charging Co. (BLNK)?

The market cap of Blink Charging Co. (BLNK) is approximately 147.7M.

What does Blink Charging Co. do?

Blink Charging Co. provides public electric vehicle (EV) charging equipment and cloud-based software to manage and operate EV charging stations.

Where is Blink Charging Co. headquartered?

Blink Charging Co. is headquartered in Florida, with additional offices in Arizona and California.

What services does Blink Charging offer?

Blink Charging offers a range of EV charging equipment, connectivity through the Blink Network, and a maintenance program called Blink Care.

Who are Blink Charging’s property partners?

Blink Charging’s property partners include multifamily residential complexes, commercial properties, airports, colleges, municipalities, parking garages, shopping malls, retail parking areas, schools, and workplaces.

What is the Blink Network?

The Blink Network is a cloud-based software platform that operates, manages, and tracks Blink EV charging stations and associated data.

How does Blink Charging generate revenue?

Blink Charging generates revenue through the sale and distribution of EV charging equipment and from customers and property partners who use its network-connected equipment.

What recent expansion has Blink Charging undertaken?

Recently, Blink Charging began the installation of twelve chargers at a high-volume sorting center in Rugby, UK.

What is Blink Care?

Blink Care is an optional maintenance program designed to reduce charger downtime and provide a seamless charging experience.

What is Blink Charging’s latest achievement?

Blink Charging was chosen as one of the EV charging providers designated to expand charging infrastructure and support a more sustainable future.

How can I contact Blink Charging for media inquiries?

For media inquiries, contact Nipunika Coe at PR@BlinkCharging.com or call 305-521-0200 ext. 266.

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Blink Charging Co.

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147.72M
95.31M
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37.9%
24.06%
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