Blink Charging Company is dedicated to the development and deployment of electric vehicle (EV) charging infrastructure. The company focuses on providing a widespread network of charging stations that cater to the growing needs of EV drivers, promoting the adoption of cleaner transportation options. Through its advanced technology and innovative solutions, Blink aims to enhance the convenience and accessibility of EV charging, supporting both residential and commercial applications while contributing to environmental sustainability and reducing carbon emissions.
Blink Charging Co's subsidiary secures 3-year contract with Kings College NHS Trust to install and manage EV chargers and contactless payment terminals at flagship hospital, supporting greener transportation.
Blink Charging is making significant strides in supporting the transition to greener transportation with its ongoing collaboration with Norfolk County Council.
Let’s dig into the relative performance of American Superconductor (NASDAQ:AMSC) and its peers as we unravel the now-completed Q3 renewable energy earnings season.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at renewable energy stocks, starting with First Solar (NASDAQ:FSLR).
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at renewable energy stocks, starting with Sunrun (NASDAQ:RUN).
Blink Charging entered data-sharing & roaming agreement with ChargeHub. Blink's public EV chargers can now be activated by the ChargeHub eMSP app, which serves over a million users.
Shares of EV charging infrastructure provider Blink Charging (NASDAQ:BLNK)
fell 21.9% in the afternoon session after the company reported weak third-quarter earnings. Full-year revenue guidance missed as sales fell short of Wall Street's estimates during the quarter. The top line was particularly impacted by a sharp deceleration in DC fast charger sales, given the tough comparison relative to the previous year. This trend was mostly concentrated in the automotive dealerships. As a result, the company plans to replace dealership sales by focusing on other sales verticals, though this might take some time to be reflected on the top line. Profitability, however, showed some resilience as the company managed to reduce its cash burn by 27% year-over-year and 50% year till date, driven by cost optimization efforts and a shift toward higher margin Level 2 chargers. Overall, this was a weaker quarter.
EV charging infrastructure provider Blink Charging (NASDAQ:BLNK) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 41.9% year on year to $25.19 million. The company’s full-year revenue guidance of $130 million at the midpoint came in 10% below analysts’ estimates. Its GAAP loss of $0.86 per share was also 426% below analysts’ consensus estimates.
Blink Charging stock rises as the company announces the creation of a Special Purpose Vehicle to expand EV charging infrastructure, aiming to raise £100 million.
Blink Charging received $2 million grant from Illinois EPA for EV chargers. Blink will install 15 charging stations across 5 sites, with 30% cost share and services.
