I am initiating coverage on Blink Charging (NASDAQ: BLNK ) stock with a " Buy " rating and an investment horizon of 24 months. I believe that Blink stock is attractively valued after the recent correction, and Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than fro ...

Core Insights - Blink Charging is providing support to former Enel X and JuiceBox customers by offering cost-effective solutions and immediate upgrades for EV charging equipment and services [2][3]. Company Overview - Blink Charging Co. is a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services [2]. - The company aims to facilitate the transition to electric transportation through innovative charging solutions [5]. Solutions Offered - Blink is introducing a revenue share program where it covers the costs of EV charging equipment, warranty, and maintenance for customers [3]. - Existing JuiceBox charging station owners can receive a free upgrade to Blink's equipment [3]. Future Readiness - The company emphasizes the importance of reliable and innovative products, with a focus on future-ready charging stations that incorporate advancements like vehicle-to-grid technology [4]. - Blink's inventory is prepared for immediate shipping and replacement [4]. Strategic Partnerships - Blink has established key strategic partnerships to promote the adoption of EV charging solutions across various locations, including parking facilities, multifamily residences, workplaces, healthcare facilities, and more [5].

Core Insights - Blink Charging Co. has surpassed 100,000 chargers sold, deployed, or contracted globally, marking a significant milestone in the electric vehicle (EV) charging infrastructure [1][2]. Company Achievements - The accomplishment is attributed to Blink's dedicated mission to advance energy transition through innovative charging solutions and a strong focus on customer needs [2]. - Blink's turnkey model facilitates streamlined project management from start to installation, enhancing operational efficiency [2]. - The company emphasizes charger uptime by offering optional preventative maintenance care programs, such as Blink Care [2]. Strategic Partnerships and Government Engagement - Blink is recognized as a vetted EV charging products and services provider through various cooperative contracts, aiding state and local government agencies and educational institutions in developing EV charging infrastructure [3]. - Earlier this year, Blink achieved "In Process" FedRamp® status, enabling the provision of cloud-based EV charging solutions across the U.S. government [3]. Leadership and Future Goals - The achievement of 100,000 chargers is seen as a collaborative effort among Blink's team, customers, and the EV community, all sharing a vision for global electrification of transportation [4]. - The incoming CEO, Mike Battaglia, expressed motivation to provide an additional 100,000 fast, reliable Blink chargers in response to the rapid advancement of EV adoption [4]. Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5]. - The company's principal offerings include the Blink Network, EV charging equipment, and services, utilizing proprietary cloud-based software for operation and maintenance [5]. - Blink has established strategic partnerships for EV charging adoption across various locations, including parking facilities, residential areas, workplaces, healthcare facilities, and more [5].

Blink Charging Co. (BLNK) , an owner, operator and provider of EV charging stations and services, has announced that it is set to execute an operational cost reduction plan to improve its short and long-term performance, given current economic conditions. The plan involves reducing its global workforce by 14%, which is expected to generate annual savings of around $9 million. Implementation of these changes will begin immediately and is set to be completed by the first quarter of 2025. The initiative is int ...

Core Viewpoint - Blink Charging Co. is implementing an operational cost reduction plan to enhance its financial stability and competitive positioning in the electric vehicle (EV) charging industry [1][3]. Cost Reduction Plan - The plan includes a 14% reduction in global personnel, aiming for annualized savings of approximately $9 million, with implementation starting immediately and completion expected by the first quarter of 2025 [2]. - The objective is to improve operational efficiencies by streamlining functions across the company [2]. Financial Positioning - Blink is focused on strengthening its financial position by enhancing economic stability, profitability, and competitive advantage [3]. - The measures are designed to improve the company's financial performance and growth potential, ultimately benefiting shareholders through increased value and returns [3]. Management Statements - The President & CEO emphasized that the timing of these cost-cutting measures is a proactive step to adapt to current market conditions while maintaining a long-term strategy [4]. - The COO expressed optimism about the future, stating that the operational changes will help reduce costs and improve financial performance immediately, while also advancing Blink's position as a top provider of electric transportation solutions [4]. Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5]. - The company's offerings include Blink Networks, EV charging equipment, and services, supported by proprietary cloud-based software for operation and maintenance [5]. - Blink has established strategic partnerships for the adoption of EV charging solutions across various locations, including parking facilities, workplaces, healthcare facilities, and more [5].

On September 12th, 2024, Brendan Jones and Michael Battaglia will host a fireside chat, marking the first joint live discussion since announcing leadership changes coming in 2025. Bowie, MD, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) ("Blink" or the "Company"), a leading manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced that Brendan Jones, President and CEO, and Michael Battaglia, COO, will host a fireside chat org ...

Current Blink President & CEO Brendan Jones to Retire on January 31, 2025 Bowie, Md., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) ("Blink" or the "Company"), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, today announced that its President & CEO, Brendan Jones, will retire on January 31, 2025 concluding 5 years of dedicated service. Following his retirement, Jones will remain involved with the Company as a board m ...

Bowie, Maryland, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK), a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, has entered into a strategic collaboration with Create Energy, a Tennessee-based renewable energy company, to deliver next- generation energy management products and solutions. This alliance will allow customers to integrate their energy assets through one centralized platform. The collaboration combines t ...

Monty Rakusen When I last wrote about the EV charging solutions provider Blink Charging (NASDAQ:BLNK) in May, I had anticipated an upgrade in the company's revenue projections for 2024. I couldn't have been more wrong. The company's numbers took a nosedive in the second quarter (Q2 2024) earlier this month, prompting a downgrade in the outlook for the year. Here, however, I explore whether there are any redeeming factors for the company for the remainder of the year and beyond based on the following: The de ...

Core Insights - The electric vehicle (EV) market is experiencing a slowdown in growth in 2024, leading to a smaller total addressable market for EV chargers than previously anticipated [1] - Blink Charging (BLNK) has been unprofitable even during periods of faster market growth, indicating ongoing financial challenges for the company [1] Industry Summary - The slowdown in the EV market is expected to negatively impact the demand for EV chargers, which could further exacerbate profitability issues for companies in this sector [1] - The overall market dynamics suggest that the EV charging industry may face significant headwinds as growth projections are revised downward [1]