Blink Charging Selected As EV Charging Supplier For Tennessee Valley Authority
Portfolio Pulse from Happy Mohamed
Blink Charging Co. (NASDAQ:BLNK) has secured a two-year contract with the Tennessee Valley Authority (TVA) to supply a range of EV charging solutions for public and commercial fleet applications. This follows Blink's Q2 2023 earnings release, which saw total revenues increase to nearly $33 million for the quarter. The company also raised its 2023 revenue target from $100 - $110 million to $110 - $120 million.
August 24, 2023 | 12:28 pm
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POSITIVE IMPACT
Blink Charging's new contract with TVA and strong Q2 2023 earnings could boost investor confidence and potentially drive the stock price up in the short term.
The new contract with TVA expands Blink Charging's customer base and potentially increases its revenue. Additionally, the strong Q2 2023 earnings and increased revenue target for 2023 indicate a positive financial outlook for the company, which could attract more investors and drive the stock price up.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100