LOS ANGELES, CA, March 12, 2025 (GLOBE NEWSWIRE) -- Envoy Technologies Inc. ("Envoy"), a Blink Charging Co. entity and leading provider of electric car-sharing services, has announced its official certification as a vendor for DayBlink GPO, the largest hospitality buying consortium supporting luxury independents globally. The certification makes Envoy's services available to the organization's more than 1,100 independent luxury hotels around the world. Envoy's inclusion in the GPO provides DayBlink properti ...

Core Insights - Blink Charging UK has been named the preferred bidder for a 15-year contract valued at over £500,000 to install a minimum of 350 electric vehicle chargers in Brighton & Hove [1][2] - This contract will be one of the first awarded through the Local Electric Vehicle Infrastructure Fund (LEVI), aimed at expanding EV charging networks across the UK [2] - Blink Charging UK has a successful five-year history of providing EV charging solutions in the region and aims to enhance the reliability and sustainability of the charging network [3] Company Overview - Blink Charging UK is a leader in electric vehicle charging technology and services, facilitating the transition to electric transportation through innovative solutions [4] - The company is committed to providing accessible and reliable charging options for communities, businesses, and government projects across the UK [4] - Blink Charging Co. operates a cloud-based network that maintains and tracks EV charging stations and associated data, with strategic partnerships across various location types [5]

Company Performance - Blink Charging (BLNK) closed at $1.04, reflecting a -1.89% change from the previous day, underperforming the S&P 500's gain of 0.55% [1] - Over the past month, shares of Blink Charging have decreased by 8.62%, which is slightly worse than the Computer and Technology sector's loss of 8.51% and the S&P 500's loss of 5.56% [1] Upcoming Earnings - The upcoming earnings release for Blink Charging is scheduled for March 13, 2025, with an expected EPS of -$0.17, indicating a 39.29% growth compared to the same quarter last year [2] - Revenue is projected to be $32.41 million, reflecting a 24.12% decline from the equivalent quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Blink Charging are noteworthy, as positive revisions are generally seen as a good sign for the company's business outlook [3] - The Zacks Rank system, which incorporates these estimate changes, indicates that Blink Charging currently holds a Zacks Rank of 3 (Hold) [5] Industry Context - Blink Charging operates within the Electronics - Miscellaneous Services industry, which is part of the Computer and Technology sector [6] - This industry currently holds a Zacks Industry Rank of 88, placing it in the top 36% of over 250 industries, suggesting a relatively strong performance compared to others [6]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Blink Charging despite lower revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Blink Charging is expected to report a quarterly loss of $0.17 per share, reflecting a year-over-year change of +39.3% [3]. - Revenues are projected to be $32.41 million, down 24.1% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. - A negative Earnings ESP of -5.88% suggests analysts have recently become bearish on the company's earnings prospects [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, with positive readings being more reliable [6][7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have shown a nearly 70% success rate in beating earnings expectations [8]. Historical Performance - Blink Charging has beaten consensus EPS estimates three out of the last four quarters, with a recent surprise of +5.88% when it reported a loss of $0.16 instead of the expected loss of $0.17 [12][13]. Conclusion - Blink Charging does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, but other factors may influence stock performance [16].

Core Insights - Envoy Technologies Inc. has launched its electric vehicle car-sharing service at The Modern Seattle, enhancing urban living amenities and marking a significant expansion milestone for the company [1][3] - The Modern Seattle, a luxury property with 216 units, now offers residents exclusive access to a Lucid Air Touring, which complements its existing luxury offerings and enhances its appeal in the competitive Seattle real estate market [2][4] - The collaboration between Envoy and Sentral aims to elevate property value propositions and enhance resident satisfaction, potentially increasing rental income [3][4] Company Overview - Envoy is a leading provider of electric car-sharing services, headquartered in Culver City, California, and focuses on delivering electric car-sharing as a premium amenity for private properties [6] - The company supports nationwide goals to reduce parking demand and individual car ownership, while also providing developers with access to development incentives aligned with urban development goals [6] - Blink Charging Co., the parent company of Envoy, is a global leader in electric vehicle charging equipment and services, facilitating the transition to electric transportation through innovative solutions [7][8]

Core Insights - Envoy Technologies Inc. has launched its electric vehicle car-sharing service at The Modern Seattle, enhancing urban living amenities and marking a significant expansion milestone for the company [1][3] Company Overview - Envoy is a leading provider of electric car-sharing services, headquartered in Culver City, California, and is a subsidiary of Blink Charging Co. [6] - The company focuses on delivering electric car-sharing as a premium amenity for private properties, including apartments and hotels, supporting urban development goals and reducing parking demand [6] Service Launch Details - The Modern Seattle, a luxury high-rise with 216 units, now offers residents exclusive access to a Lucid Air Touring through Envoy's service, enhancing the property's appeal in Seattle's competitive real estate market [2][3] - The collaboration with Sentral aims to elevate property value and resident satisfaction, potentially increasing rental income [3][4] Strategic Expansion - Envoy's presence in Seattle includes other properties like The M, a student housing complex, and aims to strengthen its foothold in the Pacific Northwest luxury market [4] - The launch at The Modern Seattle is expected to be the first of additional collaborations with Sentral, indicating a strategic growth plan [4]

Core Viewpoint - Blink Charging Co. is set to announce its fourth quarter and year-end 2024 results on March 13, 2025, with a conference call scheduled for the same day to discuss these results [1]. 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 [4]. - The company's main offerings include the Blink Network, EV charging equipment, and related services, utilizing proprietary cloud-based software for operation and maintenance [4]. - Blink has established strategic partnerships for the deployment of charging solutions across various locations, including parking facilities, residential areas, workplaces, healthcare facilities, educational institutions, airports, and retail spaces [4]. Event Details - The conference call will take place at 4:30 p.m. Eastern Time on March 13, 2025, following the market close [1]. - Investors can access the live webcast through the Blink Charging website or via a specific link provided [2]. - A replay of the teleconference will be available until April 12, 2025, with specific dialing instructions for access [3]. Investor Relations - Contact information for investor relations and media inquiries is provided, including email addresses and phone numbers for key personnel [6].

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]