Blink Charging Co Stock Price, News & Analysis

Blink Charging Co. reported a remarkable 164% increase in total revenues, reaching $11.5 million for Q2 2022, compared to $4.4 million in Q2 2021. Service revenues surged by 154% to $2.2 million during the same period. The company expanded its portfolio with the acquisition of SemaConnect and EB Charging, adding over 12,800 chargers and enhancing vertically integrated manufacturing capabilities. However, Blink faced a net loss of $22.6 million or ($0.52) per share, worsening from a $13.5 million loss year-over-year.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) will present at the J.P. Morgan 2022 Auto Conference in New York City on August 10, 2022, at 1:30 PM ET. CEO Michael D. Farkas will discuss the company's growth strategy, recent acquisitions, and its compliance with Buy American mandates. Blink has established itself as a leader in electric vehicle charging, deploying over 48,000 charging ports globally. The firm anticipates significant growth in the EV market, projecting 10 million vehicle sales by 2025, and has formed strategic partnerships across diverse locations to enhance charging infrastructure.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has appointed Mahi Reddy to its Board of Directors. Reddy, who is currently the CEO of SemaConnect, brings extensive experience in the electric vehicle (EV) industry, which is expected to strengthen Blink’s growth strategies and product offerings. His background in information technology and embedded systems will be beneficial as Blink expands its market reach. Blink has deployed over 48,000 charging ports in 19 countries, positioning itself as a leader in the EV charging sector.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has entered a referral cooperation agreement with ZEVX's ATHENA, aimed at enhancing fleet electrification solutions for clients. ZEVX specializes in converting traditional vehicles into electric ones using affordable LG battery kits. The partnership allows Blink to provide charging solutions, benefiting fleet customers with extensive support services, including a nationwide network of installers and financing options. Blink boasts over 48,000 charging ports across 19 countries, crucial for meeting rising global EV demand.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) is enhancing its electric vehicle charging solutions for school districts, deploying nearly 400 Level 2 chargers in 14 states. The Biden administration's Infrastructure Investment and Jobs Act allocates $5 billion for cleaner school buses, with half designated for electric models. Additionally, the EPA's $500 million Clean School Bus rebates will drive demand for EV charging infrastructure. Currently, only 1,800 of the 480,000 school buses in the U.S. are electric, highlighting significant growth potential in this market segment.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) will announce its second quarter 2022 financial results on August 8, 2022, after the market close. A conference call and webcast will follow at 4:30 p.m. ET to discuss the Q2 results.

Investors can access the live webcast through the Blink Charging website. For phone participation, dial (888) 506-0062 or (973) 528-0011 for international callers, using access code 399113. A replay will be available until September 7, 2022.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) applauds the USPS's plan to electrify 40% of its delivery fleet, a significant step toward increased electric vehicle (EV) adoption. The USPS currently operates over 200,000 vehicles and aims to purchase up to 50,000 EVs as part of its Next Generation Delivery Vehicle program. CEO Michael Farkas emphasizes the importance of building a robust charging infrastructure to support this transition, positioning Blink as a key player in enhancing EV accessibility across the country.

Blink Charging Company (Nasdaq: BLNK, BLNKW) announced its agreement with Winslow Township, NJ, to install five Blink IQ 200 dual-port fast Level 2 EV chargers, providing 10 charging ports for public and non-public use. The chargers are designed for high output, offering up to 80 amps per unit, and will enhance EV infrastructure in the area. Funding was secured via the New Jersey Board of Public Utilities' Clean Fleet Electric Vehicle Incentive Program, aimed at supporting electric vehicle equipment for local and state government fleets.

Bowie, Md., July 20, 2022 – Blink Charging Company (Nasdaq: BLNK, BLNKW) has announced that its subsidiary, SemaConnect, has received the 2022 Comparably Award for Best Companies for Career Growth in the Small/Medium Companies category. This recognition follows anonymous employee feedback highlighting professional development opportunities and mentorship. SemaConnect ranks among the top 100 North American companies for employee sentiment regarding career advancement. The company emphasizes the importance of investing in employee education and development to maintain its status as a market leader in EV charging solutions.