BLINK CHARGING ANNOUNCES SECOND QUARTER 2021 RESULTS
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August 12, 2021 7:13 AM EDT
Needham & Company analyst Vikram Bagri lowered the price target on Blink Charging Co. (NASDAQ: BLNK) to $37.00 (from $39.00) while maintaining a Buy rating.
The analyst commented, "BLNK reported 2Q EPS of ($0.32) compared to our estimate of ($0.14) and Street mean of ($0.16). The impact of otherwise... More
August 11, 2021 4:38 PM EDT
Blink Charging (NASDAQ: BLNK) reported Q2 EPS of ($0.32), $0.16 worse than the analyst estimate of ($0.16). Revenue for the quarter rose 177% to $4.4 million versus the consensus estimate of $2.44 million.
"Blink experienced extraordinary growth in the quarter as we continue to aggressively scale our business and expand our presence around the world. We saw strong performance both in our hardware sales as well as our service revenues as more EVs took to the road and utilized Blinks expanding base of charging stations. This is an exciting and transformative time for Blink, and we believe... More
