Blink Charging Inks Deal To Provide EV Charging To McDonald's Locations In Puerto Rico
Portfolio Pulse from Shivani Kumaresan
Blink Charging Co (NASDAQ:BLNK) has signed an agreement with Arcos Dorados Holdings Inc. (NYSE:ARCO), a McDonald's Corporation (NYSE:MCD) franchisee, to provide EV charging solutions to five restaurants in Puerto Rico. The Blink-owned IQ 200 pedestal chargers will be installed at Arcos Dorados franchises throughout Puerto Rico starting from August 2023. Blink has sold or deployed 2,138 chargers across eight countries in LATAM since 2020.
August 22, 2023 | 4:08 pm
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POSITIVE IMPACT
Arcos Dorados has partnered with Blink Charging to provide EV charging solutions at its franchises in Puerto Rico. This could enhance customer experience and potentially increase sales.
The partnership with Blink Charging could enhance customer experience at Arcos Dorados' franchises and potentially increase sales. However, the impact on the stock price in the short term is uncertain as the installations will begin in 2023.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Blink Charging has signed a deal with Arcos Dorados to provide EV charging solutions in Puerto Rico. This could potentially increase Blink's market presence.
The deal with Arcos Dorados could potentially increase Blink's market presence and revenues in the future. However, the impact on the stock price in the short term is uncertain as the installations will begin in 2023.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
McDonald's franchisee Arcos Dorados has partnered with Blink Charging to provide EV charging solutions at its franchises in Puerto Rico. This could potentially enhance customer experience at McDonald's franchises.
The partnership could potentially enhance customer experience at McDonald's franchises. However, the impact on McDonald's stock price is likely to be minimal as Arcos Dorados is an independent franchisee.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50