Company Performance - Blink Charging (BLNK) closed at $0.97, reflecting a -1.31% change from the previous session, underperforming the S&P 500's daily loss of 0.47% [1] - Over the past month, shares of Blink Charging have depreciated by 20.15%, significantly underperforming the Computer and Technology sector's loss of 4.34% and the S&P 500's loss of 1.78% [1] Upcoming Financial Results - Analysts expect Blink Charging to report earnings of -$0.17 per share, indicating a year-over-year growth of 39.29% [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $34.32 million, which is a decrease of 19.64% from the same period last year [2] Analyst Estimates and Market Outlook - Recent changes to analyst estimates for Blink Charging suggest a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system, which assesses estimate changes, indicates that stocks with a 1 rating have delivered an average annual return of +25% since 1988 [5] - Currently, Blink Charging holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining steady over the past month [5] Industry Context - The Electronics - Miscellaneous Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 81, placing it in the top 33% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Core Insights - Blink Charging Co. has appointed Chris Carr as Senior Vice President of Sales & Business Development, aiming to enhance its sales growth and strategic initiatives [1][2]. Company Overview - Blink Charging is a leading global provider of electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5]. - The company's product offerings include the Blink EV charging network, charging equipment, and related services, supported by proprietary cloud-based software for operation and maintenance [5]. Leadership and Strategy - Chris Carr brings over 12 years of sales leadership experience, including seven years in the renewable energy sector, and has dedicated the last four years to the EV charging industry [2][3]. - Carr's previous role as Director of EV Charging for Gotion involved accelerating the growth of various EV charging products, positioning him to identify market gaps and drive operational efficiency [3]. - The company aims to leverage Carr's expertise to enhance customer loyalty and drive growth, with a focus on developing state-of-the-industry solutions and increasing revenues [4]. Market Position and Future Outlook - Blink Charging is recognized for its diverse product offerings and sustained relevance in the EV sector, with strategic partnerships established across various location types to promote EV adoption [5]. - The leadership believes Carr's appointment will be pivotal in steering the company towards profitability and long-term market leadership [4].

Core Insights - Blink Charging Co. has reached an agreement to provide up to 50 EV charging ports in Alameda, California, enhancing the city's EV infrastructure [1][2][3] Group 1: Agreement Details - The agreement involves a collaborative effort between Blink Charging and the City of Alameda to identify sites for public charging solutions [2] - Phase 1 will deploy 13 Level 2 and DCFC ports across four locations, while Phase 2 aims to add 34 more ports, depending on funding and priorities [3] - The number of chargers and their locations may be adjusted as needed [3] Group 2: Services Provided - Blink will offer services including site assessment, installation, maintenance, repair, parts supply, warranties, and product training [4] Group 3: Company Vision and Impact - The company expresses excitement about partnering with Alameda to provide convenient EV charging solutions, contributing to emission reduction and energy independence [5] - Blink Charging aims to enhance the EV driver experience in the city while addressing the growing need for charging infrastructure [5] Group 4: Company Overview - Blink Charging is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6] - The company's offerings include the Blink Network, which utilizes proprietary software for operating and maintaining EV charging stations [6] - Blink has established strategic partnerships for deploying charging solutions across various locations, including parking facilities, residential areas, and commercial spaces [6]

Core Viewpoint - Blink Charging Co. has filed a registration statement with the SEC for an initial public offering (IPO) of its subsidiary Envoy Technologies, which specializes in electric vehicle car-sharing services [1][2]. Company Overview - Blink Charging Co. is a leading global provider of electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5]. - Envoy Technologies, a subsidiary of Blink, offers all-electric car-sharing services in the U.S., focusing on private properties such as apartments and hotels, and aims to reduce parking demand and individual car ownership [4]. IPO Details - The number of shares and price range for the proposed offering of Envoy Technologies have not yet been determined, and the IPO is subject to market conditions and SEC review [2]. - Envoy Technologies plans to list its common stock on The Nasdaq Capital Market under the ticker symbol "EVOY" [2]. Strategic Partnerships - Blink has established strategic partnerships to promote EV adoption across various locations, including parking facilities, multifamily residences, and commercial properties [5].

Company Performance - Blink Charging's stock closed at $1.06, reflecting a decrease of 0.93% from the previous day, underperforming compared to the S&P 500's gain of 0.03% [1] - Over the last month, Blink Charging's shares have decreased by 30.52%, while the Computer and Technology sector gained 2.31% and the S&P 500 gained 4.19% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with an expected EPS of -$0.17, indicating a 39.29% improvement from the same quarter last year [2] - Revenue is projected to be $34.32 million, which represents a 19.64% decline from the equivalent quarter last year [2] Analyst Estimates - Recent changes in analyst estimates for Blink Charging reflect evolving short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] - The Zacks Rank system, which evaluates these estimate changes, suggests a direct correlation with stock price performance [4] Zacks Rank and Industry Position - Blink Charging currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [5] - The Electronics - Miscellaneous Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 86, placing it in the top 35% of over 250 industries [6]

Mike Battaglia Steps Up as President & CEO to Lead Blink Charging’s Global Growth in EV Infrastructure and Energy Resilience Bowie, Md., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global owner, operator, provider, and manufacturer of electric vehicle (EV) charging equipment and services, today announced the planned transition of Michael (Mike) Battaglia to the role of President & CEO, effective immediately. This move follows the planned retireme ...

Company Leadership Transition - Mike Battaglia has been appointed as the new President & CEO of Blink Charging, effective immediately, following the planned retirement of Brendan Jones [1][6] - Battaglia previously served as the Chief Operating Officer and has been with the company since 2020, holding various leadership roles [2][4] Company Growth and Financial Performance - Under Battaglia's leadership, Blink Charging's revenue increased from $3 million in 2019 to $140.6 million in 2023, demonstrating significant growth [2] - The company achieved the highest gross margin in its industry among comparable companies during Battaglia's tenure [2] Strategic Focus and Goals - The company aims to enhance EV charging accessibility and support the transition to clean energy, with a focus on innovative solutions and expanding infrastructure [2][3] - Blink Charging is committed to advancing energy resilience and economic growth through the widespread adoption of EV infrastructure [3] Board of Directors' Support - The Board of Directors conducted a thorough succession planning process, leading to Battaglia's recommendation as the ideal successor [5] - The Chairman of Blink's Board expressed confidence in Battaglia's ability to drive the company's growth in this new phase [6]

In the latest trading session, Blink Charging (BLNK) closed at $1.24, marking a +1.64% move from the previous day. This change outpaced the S&P 500's 0.53% gain on the day. On the other hand, the Dow registered a gain of 0.38%, and the technology-centric Nasdaq increased by 0.25%.Shares of the company have depreciated by 12.23% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.75% and the S&P 500's gain of 1.24%.The investment community will be closely monitor ...

Blink-owned DC fast chargers are now operational at 23 Royal Farms locations throughout Maryland and Delaware, providing EV charging services for customers. Bowie, Md., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK), a leading global owner, operator, provider and manufacturer of electric vehicle (EV) charging equipment and services, has now deployed 76 EV charging ports at 23 Royal Farms store locations, with additional locations to follow, to total more than 100 EV charging ports. The ...

Bowie, Maryland, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (“Blink” or the “Company”) (Nasdaq: BLNK), a leading owner, operator, provider, and manufacturer of electric vehicle (“EV”) charging equipment and services, today announced that it received written notice from the Securities and Exchange Commission (“SEC”) that the SEC has concluded the previously disclosed investigation of the Company, and the SEC does not intend to recommend an enforcement action against the Company. “We are pleased to ...