LEVI Funding to Support Chargers Throughout Region London, UK, March 11, 2025 (GLOBE NEWSWIRE) -- Blink Charging UK (“Blink”), a leading owner, operator, provider and manufacturer of electric vehicle (EV) charging equipment and services, has announced that it has been named the preferred bidder (subject to contract execution) by Brighton & Hove City Council (BHCC) for a 15-year contract valued at over £500,000, for a minimum of 350 chargers to service the region’s EV infrastructure. This will be one of the ...

Company Performance - Blink Charging (BLNK) closed at $1.04, reflecting a -1.89% change from the previous day, underperforming the S&P 500's gain of 0.55% [1] - Over the past month, shares of Blink Charging have decreased by 8.62%, which is slightly worse than the Computer and Technology sector's loss of 8.51% and the S&P 500's loss of 5.56% [1] Upcoming Earnings - The upcoming earnings release for Blink Charging is scheduled for March 13, 2025, with an expected EPS of -$0.17, indicating a 39.29% growth compared to the same quarter last year [2] - Revenue is projected to be $32.41 million, reflecting a 24.12% decline from the equivalent quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Blink Charging are noteworthy, as positive revisions are generally seen as a good sign for the company's business outlook [3] - The Zacks Rank system, which incorporates these estimate changes, indicates that Blink Charging currently holds a Zacks Rank of 3 (Hold) [5] Industry Context - Blink Charging operates within the Electronics - Miscellaneous Services industry, which is part of the Computer and Technology sector [6] - This industry currently holds a Zacks Industry Rank of 88, placing it in the top 36% of over 250 industries, suggesting a relatively strong performance compared to others [6]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Blink Charging despite lower revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Blink Charging is expected to report a quarterly loss of $0.17 per share, reflecting a year-over-year change of +39.3% [3]. - Revenues are projected to be $32.41 million, down 24.1% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. - A negative Earnings ESP of -5.88% suggests analysts have recently become bearish on the company's earnings prospects [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, with positive readings being more reliable [6][7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have shown a nearly 70% success rate in beating earnings expectations [8]. Historical Performance - Blink Charging has beaten consensus EPS estimates three out of the last four quarters, with a recent surprise of +5.88% when it reported a loss of $0.16 instead of the expected loss of $0.17 [12][13]. Conclusion - Blink Charging does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, but other factors may influence stock performance [16].

Core Insights - Envoy Technologies Inc. has launched its electric vehicle car-sharing service at The Modern Seattle, enhancing urban living amenities and marking a significant expansion milestone for the company [1][3] - The Modern Seattle, a luxury property with 216 units, now offers residents exclusive access to a Lucid Air Touring, which complements its existing luxury offerings and enhances its appeal in the competitive Seattle real estate market [2][4] - The collaboration between Envoy and Sentral aims to elevate property value propositions and enhance resident satisfaction, potentially increasing rental income [3][4] Company Overview - Envoy is a leading provider of electric car-sharing services, headquartered in Culver City, California, and focuses on delivering electric car-sharing as a premium amenity for private properties [6] - The company supports nationwide goals to reduce parking demand and individual car ownership, while also providing developers with access to development incentives aligned with urban development goals [6] - Blink Charging Co., the parent company of Envoy, is a global leader in electric vehicle charging equipment and services, facilitating the transition to electric transportation through innovative solutions [7][8]

Core Insights - Envoy Technologies Inc. has launched its electric vehicle car-sharing service at The Modern Seattle, enhancing urban living amenities and marking a significant expansion milestone for the company [1][3] Company Overview - Envoy is a leading provider of electric car-sharing services, headquartered in Culver City, California, and is a subsidiary of Blink Charging Co. [6] - The company focuses on delivering electric car-sharing as a premium amenity for private properties, including apartments and hotels, supporting urban development goals and reducing parking demand [6] Service Launch Details - The Modern Seattle, a luxury high-rise with 216 units, now offers residents exclusive access to a Lucid Air Touring through Envoy's service, enhancing the property's appeal in Seattle's competitive real estate market [2][3] - The collaboration with Sentral aims to elevate property value and resident satisfaction, potentially increasing rental income [3][4] Strategic Expansion - Envoy's presence in Seattle includes other properties like The M, a student housing complex, and aims to strengthen its foothold in the Pacific Northwest luxury market [4] - The launch at The Modern Seattle is expected to be the first of additional collaborations with Sentral, indicating a strategic growth plan [4]

Core Viewpoint - Blink Charging Co. is set to announce its fourth quarter and year-end 2024 results on March 13, 2025, with a conference call scheduled for the same day to discuss these results [1]. Company Overview - Blink Charging Co. is a leading global provider of electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [4]. - The company's main offerings include the Blink Network, EV charging equipment, and related services, utilizing proprietary cloud-based software for operation and maintenance [4]. - Blink has established strategic partnerships for the deployment of charging solutions across various locations, including parking facilities, residential areas, workplaces, healthcare facilities, educational institutions, airports, and retail spaces [4]. Event Details - The conference call will take place at 4:30 p.m. Eastern Time on March 13, 2025, following the market close [1]. - Investors can access the live webcast through the Blink Charging website or via a specific link provided [2]. - A replay of the teleconference will be available until April 12, 2025, with specific dialing instructions for access [3]. Investor Relations - Contact information for investor relations and media inquiries is provided, including email addresses and phone numbers for key personnel [6].

Company Performance - Blink Charging (BLNK) closed at $0.97, reflecting a -1.31% change from the previous session, underperforming the S&P 500's daily loss of 0.47% [1] - Over the past month, shares of Blink Charging have depreciated by 20.15%, significantly underperforming the Computer and Technology sector's loss of 4.34% and the S&P 500's loss of 1.78% [1] Upcoming Financial Results - Analysts expect Blink Charging to report earnings of -$0.17 per share, indicating a year-over-year growth of 39.29% [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $34.32 million, which is a decrease of 19.64% from the same period last year [2] Analyst Estimates and Market Outlook - Recent changes to analyst estimates for Blink Charging suggest a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system, which assesses estimate changes, indicates that stocks with a 1 rating have delivered an average annual return of +25% since 1988 [5] - Currently, Blink Charging holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining steady over the past month [5] Industry Context - The Electronics - Miscellaneous Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 81, placing it in the top 33% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Core Insights - Blink Charging Co. has appointed Chris Carr as Senior Vice President of Sales & Business Development, aiming to enhance its sales growth and strategic initiatives [1][2]. Company Overview - Blink Charging is a leading global provider of electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5]. - The company's product offerings include the Blink EV charging network, charging equipment, and related services, supported by proprietary cloud-based software for operation and maintenance [5]. Leadership and Strategy - Chris Carr brings over 12 years of sales leadership experience, including seven years in the renewable energy sector, and has dedicated the last four years to the EV charging industry [2][3]. - Carr's previous role as Director of EV Charging for Gotion involved accelerating the growth of various EV charging products, positioning him to identify market gaps and drive operational efficiency [3]. - The company aims to leverage Carr's expertise to enhance customer loyalty and drive growth, with a focus on developing state-of-the-industry solutions and increasing revenues [4]. Market Position and Future Outlook - Blink Charging is recognized for its diverse product offerings and sustained relevance in the EV sector, with strategic partnerships established across various location types to promote EV adoption [5]. - The leadership believes Carr's appointment will be pivotal in steering the company towards profitability and long-term market leadership [4].

Core Insights - Blink Charging Co. has reached an agreement to provide up to 50 EV charging ports in Alameda, California, enhancing the city's EV infrastructure [1][2][3] Group 1: Agreement Details - The agreement involves a collaborative effort between Blink Charging and the City of Alameda to identify sites for public charging solutions [2] - Phase 1 will deploy 13 Level 2 and DCFC ports across four locations, while Phase 2 aims to add 34 more ports, depending on funding and priorities [3] - The number of chargers and their locations may be adjusted as needed [3] Group 2: Services Provided - Blink will offer services including site assessment, installation, maintenance, repair, parts supply, warranties, and product training [4] Group 3: Company Vision and Impact - The company expresses excitement about partnering with Alameda to provide convenient EV charging solutions, contributing to emission reduction and energy independence [5] - Blink Charging aims to enhance the EV driver experience in the city while addressing the growing need for charging infrastructure [5] Group 4: Company Overview - Blink Charging is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6] - The company's offerings include the Blink Network, which utilizes proprietary software for operating and maintaining EV charging stations [6] - Blink has established strategic partnerships for deploying charging solutions across various locations, including parking facilities, residential areas, and commercial spaces [6]

Core Viewpoint - Blink Charging Co. has filed a registration statement with the SEC for an initial public offering (IPO) of its subsidiary Envoy Technologies, which specializes in electric vehicle car-sharing services [1][2]. Company Overview - Blink Charging Co. is a leading global provider of electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5]. - Envoy Technologies, a subsidiary of Blink, offers all-electric car-sharing services in the U.S., focusing on private properties such as apartments and hotels, and aims to reduce parking demand and individual car ownership [4]. IPO Details - The number of shares and price range for the proposed offering of Envoy Technologies have not yet been determined, and the IPO is subject to market conditions and SEC review [2]. - Envoy Technologies plans to list its common stock on The Nasdaq Capital Market under the ticker symbol "EVOY" [2]. Strategic Partnerships - Blink has established strategic partnerships to promote EV adoption across various locations, including parking facilities, multifamily residences, and commercial properties [5].