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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.

Rhea-AI Summary
Blink Charging Co. (NASDAQ: BLNK) has installed eight new EV charging stations at the Columbia Center Tower in Seattle, Washington, to meet the increasing demands of tenants and visitors. The company aims to provide convenient and reliable EV charging, reflecting the growing popularity of EVs. The installation is part of a hybrid business model between Blink and Columbia Center Tower, showcasing a forward-thinking approach to enhance EV charging accessibility in the workplace.
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Rhea-AI Summary
Blink Charging raises 2023 revenue target to $110 - $120 million, targets adjusted EBITDA break even run rate by December 2024. Q2 2023 total revenues increased 186% to $32.8 million. Gross profit increased 528% to $12.3 million. 5,830 charging stations contracted, deployed or sold in Q2 2023.
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Blink Charging Co. (Nasdaq: BLNK) to Announce Q2 2023 Results on August 8, 2023. The company will discuss its second-quarter results and host a conference call and webcast on the same day at 4:30 p.m. Eastern Time. Investors can access the live webcast on the Blink Charging website or by phone. A replay of the teleconference will be available until September 7, 2023.
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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.

Blink Charging Co.

Nasdaq:BLNK

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BLNK Stock Data

147.72M
95.31M
5.81%
37.9%
24.06%
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