Why Blink Stock Surged on Wednesday?
Portfolio Pulse from Ryan Gustafson
Blink Charging Co. (NASDAQ:BLNK) shares surged after reporting better-than-expected Q2 results. The company reported losses of 44 cents per share, beating the analyst consensus estimate of losses of 49 cents per share. It also reported sales of $32.84 million, beating the analyst consensus estimate of $23.76 million. Blink also raised its 2023 revenue target to between $110 and $120 million. HC Wainwright & Co. analyst Sameer Joshi reiterated Blink Charging with a Buy and maintained the $50 price target.
August 09, 2023 | 8:25 pm
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Blink Charging Co. reported better-than-expected Q2 results and raised its 2023 revenue target, leading to a surge in its stock price.
Blink Charging Co. reported better-than-expected Q2 results and raised its 2023 revenue target. This positive financial performance and future outlook led to increased investor confidence, resulting in a surge in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100