Blink Charging Co Stock Price, News & Analysis

Blink Charging (Nasdaq: BLNK, BLNKW) announced the launch of five new electric vehicle (EV) charging products at CES in Las Vegas. With global EV sales up 75% year-over-year, Blink aims to enhance the EV charging network across North America, Europe, Asia, and Latin America. Recent developments include the unveiling of the MQ 200, HQ 200, and a 30kW DC Fast Charger at the LA Auto Show. The company also seeks a new manufacturing facility in the U.S. and features a complete EV charging solution for various markets.

Blink Charging Co. (NASDAQ: BLNK, BLNKW) has expanded its executive team to enhance leadership and meet the growing demands of the electric vehicle (EV) charging market. Appointments include Michael Battaglia as Chief Revenue Officer, Mark Pastrone as Chief Operating Officer, and Aviv Hillo, Esq. as Executive Vice President of Mergers and Acquisitions. These changes are aimed at improving Blink's operational efficiencies and strategic growth, especially in the context of rising EV sales. The company has positioned itself to capitalize on emerging opportunities in the rapidly expanding EV sector.

Blink Charging Co. (NASDAQ: BLNK, BLNKW) has signed a distribution agreement with ZOOZ Power to market the ZOOZTER™-100, a flywheel-based power boosting technology for electric vehicle (EV) charging. This agreement aims to address infrastructure challenges in power-constrained areas, providing ultra-fast charging solutions that are sustainable and cost-effective. The ZOOZTER™-100 can charge EVs in under 15 minutes and boasts a lifespan of over 15 years. Blink’s partnership with ZOOZ marks a significant step in expanding their presence in the U.S. market, reflecting the growing demand for reliable EV charging solutions.

Blink Charging Co. (NASDAQ: BLNK, BLNKW) announced the installation of 50 EV charging stations at Midtown Union in Atlanta, Georgia through its subsidiary, SemaConnect. This initiative enhances accessibility to EV charging for both residents and office clients, including Invesco's global HQ. The series 6 Level 2 charging stations feature modern designs and advanced technology for user management. This collaboration with Granite Properties aligns with their commitment to sustainable development, reinforcing Blink’s position in the fast-growing EV charging market.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced that Brandon Jacobs, its Regional Vice President, was recognized by the Association for Commuter Transportation as a 2022 40 Under 40 recipient. The award highlights his leadership in expanding EV charging infrastructure in the eastern U.S., addressing the growing demand for electric vehicle charging. With nearly 59,000 charging ports deployed globally, Blink is positioned to support the increasing adoption of EVs, which are expected to rise significantly by 2025.

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).