Blink Charging Boosts Presence In Latin America; Plans Region-Specific Products
Portfolio Pulse from Lekha Gupta
Blink Charging Co (NASDAQ:BLNK) is expanding its presence in Latin America, planning to launch region-specific products. The company has sold or deployed over 2,100 EV chargers across eight countries since entering the region in 2020. Blink plans to launch DCFC, commercial and residential Level 2 chargers fitted with GB/T plugs in the next few months. The company also plans to enter Brazil, Argentina, and Peru markets. Blink reported a Q2 EPS loss of $(0.44), beating the consensus of $(0.49), and sales of $32.84 million, beating the analyst consensus estimate of $23.76 million.

August 15, 2023 | 3:20 pm
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Blink Charging is expanding in Latin America and planning to launch region-specific products. The company beat Q2 EPS and sales estimates.
Blink Charging's expansion in Latin America and plans to launch region-specific products indicate a strategic growth plan. However, despite beating Q2 EPS and sales estimates, the company's shares are trading lower, indicating a mixed market reaction. This could be due to other factors not mentioned in the article.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100