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Blink Charging Awarded Sourcewell Contract, Expanding Access to EV Charging Solutions for Public Sector Entities
Globenewswire· 2025-11-17 13:30
Core Insights - Blink Charging Co. has been awarded a Sourcewell contract for electric vehicle (EV) charging equipment and services, effective until September 18, 2029, with potential extensions for three additional one-year periods [1][2] Group 1: Contract Details - The Sourcewell contract allows over 50,000 government, education, and nonprofit agencies to procure Blink's EV charging solutions through a streamlined process [2] - The contract includes access to Blink's Level 2 (L2) and DC fast charging stations, network management software, installation, maintenance, and support services [2][3] - The contract aims to support public sector electrification initiatives and infrastructure advancement [2][3] Group 2: Company Commitment and Benefits - Blink's selection by Sourcewell reflects its commitment to developing EV charging infrastructure nationwide [3] - The contract provides benefits such as transparent pricing, volume-based discounts, and a streamlined procurement process for public entities [3][4] - Blink's inclusion in Sourcewell's portfolio of over 700 contracts demonstrates its qualification in delivering scalable EV charging solutions [4] Group 3: Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation [4] - The company's product offerings include the Blink Network, EV charging equipment, and various charging services [4] - Blink has established strategic partnerships for EV adoption across diverse locations, including parking facilities, healthcare, schools, and transportation hubs [4]
Radware (RDWR) Upgraded to Buy: Here's Why
ZACKS· 2025-06-11 17:00
Core Viewpoint - Radware (RDWR) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which are a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which have a strong correlation with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Radware's Earnings Outlook - For the fiscal year ending December 2025, Radware is expected to earn $1.05 per share, which remains unchanged from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Radware has increased by 55.6%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - Radware's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].