Blink Charging's stock surges after providing revenue guidance well above forecasts

Shares of Blink Charging Co. BLNK got a 14.9% boost in premarket trading Wednesday, after the electric vehicle charging equipment maker provided an upbeat sales outlook and affirmed its target for reaching adjusted profitability. The company said it expects fourth-quarter revenue “to surpass $42 million,” which is well above the current FactSet consensus of$34.1 million, amid “strong demand for both our equipment and services.” The company affirmed its target of achieving a positive adjusted earnings befor ...