Blink Charging Co. Common Stock (BLNK)
Blink Charging Co. (BLNK) is a provider of electric vehicle (EV) charging equipment and services. The company develops, manufactures, and operates public EV charging stations, supporting the growing adoption of electric mobility. Blink Charging aims to expand accessible charging infrastructure and promote sustainable transportation solutions.
Company News
Blink Charging has been selected by Bradford Council to install 104 EV charging ports across over 230 sites in the UK, with government funding of £282,000, aiming to improve EV charging accessibility.
Blink Charging has been selected by the City of Richmond to help develop a comprehensive EV charging infrastructure network, supporting the city's net zero climate strategy by deploying charging stations across various locations.
The article discusses the importance of infrastructure in the energy transition, focusing on the trends shaping the future of electric vehicles (EVs) and energy storage. It highlights companies like Tesla, Ideal Power, Quantumscape, ChargePoint, Blink Charging, and EVgo that are driving advancements in these areas.
The electric vehicle market's growth has slowed in 2024, making the total addressable market for EV chargers smaller than once thought. Blink Charging was losing money when the market was growing faster, a problem that won't change.
Blink Charging reported Q2 2024 revenue of $33.26 million, a 1.3% year-over-year increase, and EPS of -$0.18, compared to -$0.44 a year ago. The reported revenue missed the Zacks Consensus Estimate by 15.37%, and the EPS surprise was -28.57%. The company's key metrics, including product sales, charging service revenue, and network fees, were also...
