Blink Charging And Parkopedia Collaborate, Adding 4,000 Locations To Platform
Portfolio Pulse from Lekha Gupta
Blink Charging Co (NASDAQ:BLNK) has announced a partnership with Parkopedia, integrating over 4,000 EV charging locations in North America into the Parkopedia platform. This will increase the platform's access to around 12,000 public EV chargers. Last month, BLNK reported a Q2 EPS loss of $0.44, beating the analyst consensus estimate of an EPS loss of $0.49. The company also raised its FY23 revenue target to $110 and $120 million.
September 26, 2023 | 6:34 pm
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POSITIVE IMPACT
Blink Charging's partnership with Parkopedia and better than expected Q2 results could positively impact its stock.
The partnership with Parkopedia expands Blink Charging's reach and accessibility, potentially increasing its customer base and revenues. Additionally, the company's better than expected Q2 results and raised FY23 revenue target indicate a positive financial outlook, which could attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100