Blink Charging Co (BLNK) Stock

Bowie, MD, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (Nasdaq: BLNK) (“Blink” or the “Company”), a leading manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced financial results for the third quarter ended September 30, 2024.

Efficient and expanded deployment of infrastructure will support a more sustainable future for the state. Bowie, Md.

Bowie, MD, Oct. 25, 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, will announce its third quarter results on Thursday, November 7, 2024, following the close of the financial markets. The Company will host a conference call and webcast that day at 4:30 p.m. Eastern Time to discuss the Company's results for the third quarter ended September 30, 2024.

Blink's enhanced “Right Charger, Right Place, Right Time” strategy now aligns with “Right Price.” Blink will use Stable Auto's AI powered platform to improve the performance and attractiveness of its network . This innovative collaboration helps ensure that Blink and its customers' chargers will thrive by improving access and providing fair and appropriate pricing tailored to regional energy costs and driver demand.

Initiating coverage on Blink Charging with a “Buy” rating, citing attractive valuation post-correction and a promising 24-month investment horizon. Higher EV adoption hinges on ramping up charging infrastructure; Blink's presence in the U.S. and Europe positions it well for growth. Despite muted earnings and cash burn, cost-cutting measures and potential positive EBITDA by 2025 are key triggers for stock upside.

Blink Charging is stepping in to support former Enel X and JuiceBox customers with cost-effective solutions and immediate upgrades, ensuring uninterrupted access to reliable EV charging equipment and services.

Blink 's charging solutions have empowered drivers, hosts, and fleets to transition smoothly to electric transportation, contributing to EV charging infrastructure worldwide.

BLNK is set to reduce its global workforce by 14% to enhance operational efficiency by optimizing company functions.

Electric vehicle charging equipment maker Blink Charging said on Tuesday it would lay off about 14% of its global workforce, as part of a cost reduction plan.