Blink Charging: Disappointing Outlook [Seeking Alpha]
Blink Charging Co. (BLNK)
Last blink charging co. earnings: 8/14 04:26 pm
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US:NASDAQ Investor Relations:
ir.blinkcharging.com
Company Research
Source: Seeking Alpha
The company has limited service revenues and a reliance on volatile product revenue, with limited gross margins hindering growth. The stock isn't appealing with the constant share dilution and lack of revenue growth going forward. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More » Just as the market was buying into the turnaround story for Blink Charging Co. NASDAQ: BLNK ), the EV charging station company failed to impress with 2024 targets. The whole sector has struggled to make the business models work and Blink Charging reinforced this issue again. My investment thesis remains Neutral on the stock, with the previous shift in the business not strong enough to warrant a Buy rating. Limited Services Business With a new CEO in place, Blink Charging made a remarkable turnaround in 2023. The EV charging station company grew revenues by 130% in the year to reach $140.6 million. Unf
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BLNK
News
- Blink Charging to Host First Quarter 2024 Conference Call on Thursday, May 9, 2024GlobeNewswire
- Blink Charging UK Teams Up with Evri to Support Courier’s Vision to Electrify FleetGlobeNewswire
- Blink Charging UK Teams Up with Evri to Support Courier's Vision to Electrify Fleet [Yahoo! Finance]Yahoo! Finance
- Blink Charging UK Teams Up with Evri to Support Courier's Vision to Electrify FleetPR Newswire
- Blink Charging Co. (NASDAQ: BLNK) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $7.00 price target on the stock.MarketBeat
BLNK
Earnings
- 3/14/24 - Beat
BLNK
Sec Filings
- 4/26/24 - Form 10-K/A
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- BLNK's page on the SEC website