Blink Charging Co Stock Price, News & Analysis

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced that its Chairman and CEO, Michael D. Farkas, will participate in the World Economic Forum's Advanced Energy Solutions meeting in Geneva. This meeting aims to enhance global deployment of advanced energy solutions. Farkas highlighted the importance of collaboration between governments and industries to achieve economic growth while protecting natural resources. Blink Charging, a leader in EV charging with nearly 59,000 ports globally, is positioned to significantly impact clean mobility and energy transition.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has unveiled three new electric vehicle (EV) chargers at the Los Angeles Auto Show. These include the 30kW DC Fast Charger, the MQ 200 for fleets and multifamily locations, and the HQ 200, a home charging solution. These products enhance the company's hardware offerings and follow significant software improvements launched in October. Blink aims to meet the growing demand for EV infrastructure, catering to both residential and commercial needs while supporting seamless user experiences.

Blink Charging has launched the HQ 200 Smart Home Charger, a next-generation Level 2 EV charger designed for up to 50 amps. This innovative charger provides seamless operation through Wi-Fi and is built for easy installation indoors or outdoors. It supports features like off-peak electricity rate management and integrates with smart home devices. Blink also released a new mobile app for users to monitor their charging activities and find nearby chargers. This move aims to facilitate home charging for the 38 million households interested in EVs.

Blink Charging Co. reported a 169% increase in total revenues to $17.2 million for Q3 2022, driven by organic growth and acquisitions. Service revenues rose 123% to $3.1 million, and gross profit soared 436% to $4.8 million. A total of 7,834 charging stations were contracted or deployed during the quarter, marking a 160% year-over-year increase. The company is expanding U.S. manufacturing capabilities and launched a redesigned Blink Network. Despite these advancements, net loss increased to $25.6 million, resulting in a loss per share of $(0.51).

Blink Charging (NASDAQ: BLNK, BLNKW) has partnered with Hubject to introduce Plug&Charge functionality, enhancing the charging experience for EV drivers in the US and Europe. This feature, based on the ISO 15118 protocol, automates the entire charging process, allowing drivers to charge without needing RFID cards or apps. CEO Michael D. Farkas highlighted the convenience this brings to users, while Hubject's CEO emphasized its role in promoting EV adoption by simplifying the charging experience. Blink has deployed over 51,000 charging ports globally, positioning itself as a leader in the EV charging market.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) will announce its Q3 2022 financial results on November 8, 2022, after market close. A conference call and webcast will follow at 4:30 p.m. ET to discuss these results. Interested parties can access the live event through the Blink Charging website or by phone using access code 366793. A replay will be available until December 8, 2022. Blink is a leader in EV charging solutions, operating over 51,000 charging ports globally, and expects significant EV adoption growth in the coming years.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced a donation of 10 HQ 150 Level 2 electric vehicle chargers to SEEED in Knoxville, TN. This initiative aims to provide equitable EV charging access for low-income families residing in energy-efficient homes developed by SEEED. The partnership underscores Blink's commitment to sustainable infrastructure as EV demand grows. The HQ 150 chargers are compatible with all EV models and offer fast charging capabilities, promoting green energy solutions in marginalized communities.

Blue Whale EV has announced a strategic partnership with SemaConnect, a subsidiary of Blink Charging Co. (BLNK), to enhance the sales, installation, and maintenance of SemaConnect EV chargers. This collaboration addresses the high demand in the growing EV market, enabling faster service for commercial and governmental clients in the mid-Atlantic region. The companies, located less than 15 miles apart, will streamline procurement using the Sourcewell contract, benefiting clients with reduced timelines and improved access to charging solutions.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced a mutual service agreement with Triple J Enterprises and the Guam Power Authority aimed at deploying EV charging stations across Guam. This partnership allows Triple J to purchase Blink charging equipment for its properties, enhancing EV charging accessibility. The GPA will assist in managing electrical grids and securing rates for these stations. This initiative aligns with Guam's ambition for a clean energy future, ultimately reducing transport costs and expanding local transit options.