Blink Charging Co Stock Price, News & Analysis

Blink Charging Co. (Nasdaq: BLNK, BLNKW) will announce its Q2 2021 financial results on August 11, 2021, after market close. A conference call and webcast will follow at 4:30 p.m. ET to discuss results for the quarter ending June 30, 2021. Investors can access the live webcast on the Blink Charging website or via a direct link. To participate by phone, call (844) 369-8770 or (862) 298-0840 internationally. A replay will be available until September 11, 2021, using conference ID: 41878. Blink Charging operates over 30,000 charging ports globally, supporting the growing demand for electric vehicles.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) appointed Carmen Perez-Carlton to its Board of Directors, effective July 20, 2021. She brings extensive experience from her former role as President of FPL FiberNet and her advisory position at Crown Castle. Perez-Carlton will also chair Blink's new Environmental, Social and Governance (ESG) Committee, aiming to enhance the company's focus on sustainability and governance. CEO Michael D. Farkas expressed confidence in her ability to guide Blink's growth in the EV infrastructure sector, as global interest in electric vehicles continues to rise.

TAPCO has announced a partnership with Blink Charging (Nasdaq: BLNK) to distribute its electric vehicle (EV) charging stations, including both installed and portable variants. With over 30,000 charging ports deployed globally, Blink aims to capitalize on the anticipated rise in global EV purchases from 2 million in 2019 to 10 million by 2025. TAPCO will offer various configurations of Blink's AC and DC charging stations, featuring payment options like Google Wallet and Apple Pay. Both companies see this collaboration as a stepping stone towards increased EV adoption.

Blink Charging's European subsidiary, Blue Corner, has signed a four-year sales contract and a 10-year service agreement to deploy EV chargers at KU Leuven, one of Europe's leading universities. The contract is valued at approximately €1.5 million ($1.8 million) and aims to install 300 to 500 charging ports across KU Leuven's campuses in Belgium. This strategic move aligns with the growing momentum of EV adoption in Europe, particularly in Belgium, where electric vehicle sales surged by 1230% year-over-year. Deployments are set to begin in fall 2021.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced the appointment of Miko de Haan as Managing Director Europe for its new subsidiary, Blink Holdings B.V., located in Amsterdam. With over 11 years in EV charging and infrastructure, de Haan joins Blink to drive European expansion. CEO Michael D. Farkas praised his experience, highlighting the importance of de Haan's network in the EV market. Blink aims to establish itself as a global leader in EV charging, having achieved notable milestones including a recent acquisition and being included in the Russell 2000 index.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has announced the deployment of ten IQ 200 Level 2 EV charging stations at three AtlantiCare Integrated Healthcare System locations in Southern New Jersey. This initiative marks AtlantiCare's first collaboration with Blink and follows a five-year agreement with two potential five-year extensions. The new stations are part of Blink's expanding network, bringing the total to 81 stations across 26 sites in New Jersey. The IQ 200 chargers are recognized for their high efficiency, with a maximum output of 80 amps.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced its inclusion in the Russell 2000 Index, effective June 28, 2021, following the annual reconstitution. This membership reflects the company's growth and positions Blink for increased visibility among investors. The Russell indexes are widely used benchmarks for investment managers, with around $10.6 trillion in assets tied to them. The addition to the index is expected to enhance Blink Charging's market presence and attract more institutional investments.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) will present at the Bank of America Electric Vehicles Charging Summit 2021 on June 7 at 10:45 a.m. ET. CEO Michael D. Farkas and CFO Michael Rama will also participate in virtual one-on-one meetings throughout the day. Blink is a leader in EV charging solutions with over 23,000 deployed charging stations globally. The company aims to support the increasing EV market, projected to reach 10 million vehicles by 2025, through key partnerships across various sectors.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) reported significant growth in Q1 2021, with a 72% revenue increase to $2.2 million compared to Q1 2020. The number of Blink-owned charging stations contracted or deployed surged by over 370%. A total of 1,597 EV charging stations were deployed this quarter. Despite a net loss of $7.4 million, the company raised $232 million to fund EV infrastructure expansion. Notably, Blink acquired European operator Blue Corner N.V., enhancing its presence in the European market.