Blink Charging Co Stock Price, News & Analysis

Blink Charging, a leader in EV infrastructure, has received California Type Evaluation Program certification for its IQ 200 chargers, ensuring accurate billing for EV users. These chargers can deliver up to 80 amps, positioning Blink to meet California’s projected need for 1.2 million chargers by 2030 as electric vehicle adoption soars. CEO Brendan Jones highlighted California's growth potential in EV infrastructure, with Blink's robust network already expanding across various sectors to support increasing demand.

Blink Charging Co. supports the Biden-Harris Administration's EV Charging Action Plan, crucial for enhancing EV infrastructure in the U.S. CEO Michael D. Farkas emphasizes the importance of collaboration among stakeholders to ensure equal access to EV charging. The initiative aligns with the Bipartisan Infrastructure Law, focusing on underserved areas to promote equitable EV adoption. Blink has over 30,000 charging ports globally, and with EV sales projected to reach 10 million by 2025, the company is well-positioned to contribute to infrastructure development and support electrification goals.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announces a partnership with SG Blocks to deploy over 300 EV chargers at the Lago Vista project in Texas. This collaboration expands the previous Master Development Agreement, incorporating SGDC, SG Blocks' real estate division, to enhance sustainable living through EV charging. As electric vehicle adoption surges, with projections of 100 million EVs on the road by 2030, this partnership aims to capitalize on growing demand. The project emphasizes modular construction benefits, reducing project completion time and carbon footprint.

SG Blocks announces collaboration with Blink Charging Co. to deploy over 300 EV chargers in the Lago Vista, Texas project. This effort expands their 2020 partnership, aiming to enhance affordable housing with EV infrastructure. The project utilizes modular construction, reducing environmental impact and completion time. Blink’s CEO highlights Austin's innovation in EV tech, aligning with projections of 100 million EVs by 2030. SGB DevCorp plans to leverage Blink’s technology in various developments, focusing on maximizing profits in sustainable transportation.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announced participation in the Capital One Securities 16th Annual Energy Conference on December 7, 2021, via virtual format. Investors registered for the conference can schedule one-on-one meetings with management. Blink Charging, a leader in EV charging solutions, has over 30,000 charging ports worldwide and expects significant growth due to rising global EV purchases, projected to reach 10 million by 2025. The company's products include the Blink EV charging network and services, aimed at enhancing the charging experience for EV drivers.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) announces the opening of a new office in Noida, India, which is part of its strategic initiative to enhance global engineering and software development capabilities.

The office aims to tap into India's talent pool to innovate EV charging technologies and will focus on developing a new global charging network with advanced features, including multi-language capabilities. This move positions Blink well to meet growing global demand for EV infrastructure.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) has appointed Amy Dobrikova as Vice President of Fleet Solutions, aiming to enhance its charging infrastructure for public and private fleets. This strategic move emphasizes the company’s commitment to electrifying fleet operations, crucial for the U.S. energy transition. Dobrikova's extensive experience in the transportation sector, including her previous role at Cardone Industries, positions her to significantly impact fleet sales. Blink operates over 30,000 EV charging ports globally, with expectations for EV purchases to rise to 10 million by 2025.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) reported record revenues for Q3 2021, soaring 607% to $6.4 million compared to last year. Product sales surged 766% to $4.8 million, driven by increased demand for chargers and acquisitions. Service revenues grew 425% to $1.4 million. Despite this, the company reported a net loss of $15.3 million, up from $3.9 million in Q3 2020, largely due to higher operating expenses of $16.7 million. Blink secured significant grants and partnerships, including a $12.5 million grant in Florida, and continues to expand its EV charging network.

Blink Charging Co. (Nasdaq: BLNK, BLNKW) recently expressed its support for the bipartisan infrastructure bill that allocates $7.5 billion for electric vehicle (EV) infrastructure. CEO Michael D. Farkas highlighted how this funding is essential for deploying EV charging stations, aiding in mass EV adoption, reducing emissions, and creating jobs. Blink has already secured nearly $25 million in EV infrastructure grants and incentives in 2021. The company operates over 30,000 charging ports globally and aims to align with the federal goal of having 500,000 EV charging stations by 2030.