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BOWIE, Md. - Blink Charging Co. (NASDAQ:BLNK), a company with a market capitalization of $115 million and a strong balance sheet showing more cash than debt, announced Monday a strategic collaboration with logistics company dfYOUNG to provide home-based electric vehicle charging solutions for corporate sales teams nationwide.
The partnership combines Blink’s EV charging equipment with dfYOUNG’s logistics capabilities to create a turnkey service for organizations with electric vehicle fleets. Under the arrangement, EV chargers will be installed at sales representatives’ homes through a coordinated service between the two companies. According to InvestingPro data, Blink reported revenues of $109.4 million in the last twelve months, though analysts anticipate some sales decline in the current year.
The solution includes pre-kitted Blink chargers that are activated, shipped and installed by dfYOUNG, with Blink providing 24/7 customer support. dfYOUNG will manage fleet oversight services including deliveries, job completion, safety compliance, and real-time tracking of vehicle movements.
"Our collaboration with dfYOUNG marks the latest in a series of significant milestones designed to enhance and simplify the process of EV adoption and expansion," said Chris Carr, Senior Vice President of Sales and Business Development at Blink.
The service aims to streamline coordination with department managers while providing end-to-end support from procurement through post-installation fleet management.
Blink Charging operates a network of EV charging stations and provides related equipment and services across various location types including parking facilities, workplaces, healthcare facilities, and transportation hubs.
The information in this article is based on a company press release statement. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available through the comprehensive Pro Research Report, which provides deep-dive analysis of over 1,400 US stocks. For investors seeking detailed metrics and expert analysis on Blink Charging and similar companies, InvestingPro offers 13 additional key insights about the company’s financial health and market position.
In other recent news, Blink Charging Co. has announced several developments affecting its operations and financial outlook. Barclays has adjusted its revenue projections for Blink Charging, lowering the fiscal year 2025 sales estimate to $95 million, just below the consensus of $98 million. The firm also reduced its fiscal year 2026 and 2027 revenue forecasts, citing a challenging environment for electric vehicle charger sales. In a collaborative effort, Blink Charging has partnered with Universal Media to launch the EV Totem concept, integrating EV charging with digital advertising displays. This concept has already been implemented at Mountain View Village in Salt Lake City, Utah, with plans for further expansion. Additionally, Blink Charging is expanding its EV infrastructure in Belgium through a partnership with Group Bernaerts, aiming to double the number of charging stations by the end of 2025. The company is also enhancing its network in Florida by installing Level 2 chargers at Accesso properties, including Sawgrass Lake Center and the Atrium at Broken Sound. These developments underscore Blink Charging’s ongoing efforts to grow its presence in the EV charging market despite facing some financial challenges.
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