Blink To Deploy 15 New EV Charging Stations In Illinois, Backed By $2 Million State Grant
Portfolio Pulse from Lekha Gupta
Blink Charging Co. (NASDAQ:BLNK) has received a $2 million grant from the Illinois EPA to deploy 15 new EV charging stations in Illinois. The project includes 10 DC fast chargers and 5 Dual Port Level 2 stations. Blink will cover 30% of the costs and provide various services. The company recently partnered with Stable Auto to enhance EV charging services. BLNK shares are down 1.41% at $2.10.
October 30, 2024 | 5:04 pm
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POSITIVE IMPACT
Blink Charging Co. received a $2 million grant from the Illinois EPA to install 15 new EV charging stations in Illinois. This project will enhance Blink's infrastructure and service offerings, potentially boosting future revenues.
The $2 million grant from the Illinois EPA allows Blink to expand its EV charging infrastructure, which is likely to improve its service offerings and potentially increase future revenues. The partnership with Stable Auto further enhances its service capabilities. Despite the positive news, the stock is currently down, which may present a buying opportunity if the market recognizes the long-term benefits of these developments.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to Blink Charging through the WisdomTree Trust WisdomTree Battery Value Chain and Innovation Fund (BATS:WBAT).
The article mentions that investors can gain exposure to Blink Charging through the WBAT ETF. However, the direct impact on WBAT is neutral as it is a diversified fund and Blink is just one of its components.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50