Blink Charging Co Stock Price, News & Analysis

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the installation of 6 EV charging ports at Hampton Inn Woodstock in partnership with Virginia Clean Cities. Funded partially by a grant from the Mid Atlantic Electrification Partnership, this initiative aims to enhance EV charging accessibility along Route 81. Blink and Virginia Clean Cities plan to install approximately 200 chargers across Virginia, Maryland, and Washington D.C. The event includes local dignitaries and an EV showcase to promote the initiative.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has received $800,000 in grants from the Massachusetts Department of Environmental Protection to install 8 dual-port DC fast charging stations across the state. This funding is part of the Massachusetts Electric Vehicle Incentive Program aimed at enhancing EV infrastructure, supporting the state’s goal to phase out gas-powered vehicles by 2035. The new stations will help facilitate EV adoption by improving access to charging in key locations along major highways.

Blink Charging Co. reported record revenues for Q4 2021, achieving $7.9 million, a 224% increase year-over-year, and 236% growth for the full year to $20.9 million. Q4 service revenues surged 471% year-over-year, with 3,733 charging stations contracted, a 253% increase. However, the company faced a net loss of $19 million for Q4, widening from $7.9 million in the prior year. Improvements in adjusted EBITDA were noted, with cash and marketable securities totaling $174.8 million as of December 31, 2021.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has announced the rescheduling of its fourth quarter and full year 2021 financial results to March 10, 2022, after market close. A conference call will follow at 4:30 p.m. Eastern Time that day. Investors can access the details through the Blink Charging website or via phone. The company operates a network of EV charging stations, with over 30,000 ports in 13 countries, and anticipates significant growth in EV purchases globally.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) will announce its fourth quarter and year-end 2021 financial results on February 28, 2022, after market close. A conference call and webcast will be held at 4:30 p.m. Eastern Time to discuss these results. Investors can access the webcast on the Blink Charging website or via direct link. The replay of the call will be available until March 30, 2022. Blink Charging is a leading provider of EV charging solutions, with over 30,000 charging ports deployed worldwide, and anticipates significant growth in EV markets.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced a partnership with Bridgestone Retail Operations to deploy 50 Blink IQ 200 charging stations at 25 Firestone Complete Auto Care and Wheel Works locations. This initiative addresses the growing demand for EV services and charging infrastructure as electric vehicle usage rises. The IQ 200 stations, offering 19.2 kW and multiple deployment options, will be strategically located in urban areas with significant EV adoption. This collaboration is part of Blink's strategy to enhance EV infrastructure across the U.S.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced its initiative to deploy EV chargers at General Motors (GM) dealerships across the U.S. and Canada. Partnering with ABM, Blink will supply its IQ 200 Level 2 chargers, which offer efficient charging capabilities. This collaboration aims to support the growing demand for GM's electric vehicle lineup and enhance the infrastructure for EV adoption. The IQ 200 chargers are designed for flexibility and efficiency, ensuring reduced charge times for new electric vehicles.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the deployment of its IQ 200 Level 2 EV chargers at General Motors (GM) dealerships across the U.S. and Canada. This partnership, established in collaboration with ABM, aims to enhance the charging infrastructure necessary for GM's expanding EV lineup. Blink's IQ 200 chargers provide 19.2kW output and feature flexible deployment options. The initiative underscores Blink's commitment to accelerating electric vehicle adoption and supporting the automotive ecosystem as consumer interest in EVs grows.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) launched seven new electric vehicle (EV) charging products at CES 2022, marking a historic achievement in its 13-year operation. The new products, including the MQ 200 and HQ 200 charging stations, cater to various segments like home, fleet, multifamily, and retail environments. These advanced products integrate next-generation vehicle-to-grid technology and mobile applications to enhance user experience. Blink aims to provide comprehensive solutions for EV customers, facilitating the transition to electrification more effectively.