For the quarter ended December 2023, Blink Charging (BLNK) reported revenue of $42.71 million, up 88.9% over the same period last year. EPS came in at -$0.28, compared to -$0.41 in the year-ago quarter.The reported revenue represents a surprise of -2.11% over the Zacks Consensus Estimate of $43.63 million. With the consensus EPS estimate being -$0.40, the EPS surprise was +30.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

* - Year-over-year comparisons unless indicated otherwise CASH POSITION: $ 1 2 1 .7M * * `$85M Increase YoY | --- | --- | |-------|-------------------------------------------------------------------------------------| | | ✓ Enhanced and robust sales pipeline | | | ✓ Margin improvement as business | | | scales | | | ✓ Improving expense management | | | and ongoing process optimization | | | ✓ EV adoption and infrastructure investment supporting sustained revenue growth | BLINK CHARGERS CONTRACTED, SOLD OR DE ...

89% increase in 4Q23 revenues to $42.7 million; 130% increase in full year 2023 revenues to $140.6 million112% increase in 4Q23 product revenues to $33.4 million; 138% increase in full year product revenues to $109.4 million40% increase in 4Q23 service revenues to $7.9 million; 111% increase in full year service revenues to $26.4 million4Q23 gross profit of $10.6 million or 25% of revenues; record full year 2023 gross profit of $40.2 million or 29% of revenuesStrengthened balance sheet and improved liquidit ...

Some of the most undervalued EV charging stocks are showing big signs of life again. For one, according to ChargePoint (NYSE:CHPT) CEO Rick Wilmer, the number of charging stations is increasing rapidly, as noted by the Associated Press. Two, U.S. Secretary of Transportation Pete Buttigieg said, “We are investing in chargers around the country to meet the president’s goal of half a million chargers by the end of this decade. If we succeed in those two efforts…I think the US is very well-positioned to lead th ...

Last week, President Joe Biden delivered a State of the Union address to mostly positive reviews. For one, Biden made clear the differences between himself and former President Donald Trump, emphasizing the need for climate change action and higher taxation on the billionaire class. Biden also highlighted the success of his clean energy policies, which have led to $650 billion in private sector investments and have created “tens of thousands of jobs.” Before the State of the Union, however, U.S. Secretary o ...

Along with the new headquarters, Blink is increasing its manufacturing capacity by constructing a state-of-the-art advanced 30,000 square-foot facility. Bowie, MD., March 11, 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 the Company has established its global corporate headquarters in a 15,000 square-foot facility in Bowie, MD. Compleme ...

Investors were chasing electric vehicle (EV) stocks at any price during the euphoric rally of 2021. That was followed by a sell-off in 2022 on the back of contractionary monetary policies. Last year, selected EV stories trended higher, while the industry laggards were punished. I believe 2024 will be a year, when some of the best EV stocks rally higher.Of course, the markets are facing macroeconomic headwinds, and there will be challenges for the EV industry. However, with impending rate cuts, I am bullish ...

Short squeeze rallies can be massive at the blink of an eye and provides investors with attractive trading opportunities. Currently, there are several deeply oversold stocks that have a high short interest as a percentage of free-float. However, not all names are short squeeze stocks that can skyrocket in quick time.There will be names with a high short interest that continue to trend lower. The point I want to make is that even while taking a speculative position, there needs to be some consideration on fu ...

Since the early days of the pandemic, Blink Charging (BLNK -3.24%) has been valued as if chargers would be the next great tech devices. But that reality never materialized, and shares have plunged 93% from their peak.After the drop, Blink Charging may have some value; Travis Hoium covers the value and potential turnaround of the business in this video.*Stock prices used were end-of-day prices of Feb. 20, 2024. The video was published on Feb. 21, 2024. ...

Announced in July 2023 and officially commencing operations in February 2024, IONNA plans to deploy at least 30,000 high-powered chargers. The network will be accessible to all-electric vehicles that support NACS or CCS connectors. This is a joint initiative that was spurred by cooperation between automakers such as General Motors (NYSE:GM), Mercedes-Benz (OTC:MBGAF), Stellantis (NYSE:STLA), and others.In light of this rollout, certain EV charging stocks are worth inspection to take advantage of this develo ...