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IMPERIAL COUNTY, Calif. - Blink Charging Co. (NASDAQ:BLNK) announced Thursday it will install ten 180 kW dual-port DC Fast Chargers at Imperial Center in Imperial County, California, creating 20 new charging ports along State Route 111 near the U.S.-Mexico border. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 2.15 and holds more cash than debt on its balance sheet, potentially supporting its expansion initiatives.
The charging station will be positioned at a strategic transportation junction that serves as a connector for north-south traffic between Mexicali, El Centro, Brawley, and the Coachella Valley, while also providing access to the Interstate 8 corridor for east-west travelers.
"SR-111 is a vital transportation lifeline for this region—it connects local communities, international border traffic, and growing commercial corridors throughout the Imperial Valley," said Mike Battaglia, President and CEO at Blink Charging.
The chargers will be located at Imperial Center, adjacent to retail destinations including the Heber Mart Price Center, Prestige Event Center, and a convenience store and gas station, serving commuters, tourists, and commercial drivers.
Mike Nahass, Managing Member of Imperial Center LLC, noted, "This is where local, regional, and international traffic converge—and adding EV fast chargers here fills a real need for travelers moving between Mexico, the Imperial Valley, and beyond."
The installation aims to enhance charging accessibility in a heavily traveled region that connects cross-border traffic with Southern California destinations, according to the company’s press release statement. With revenue of $109.38 million in the last twelve months and a market capitalization of approximately $103 million, Blink Charging continues to expand its infrastructure despite challenging market conditions.
In other recent news, Blink Charging Co. has announced several strategic developments. The company has partnered with dfYOUNG to provide home-based electric vehicle charging solutions for corporate sales teams nationwide, integrating Blink’s charging equipment with dfYOUNG’s logistics services. Additionally, Blink has introduced the EV Totem concept in collaboration with Universal Media, combining electric vehicle charging with digital advertising displays, with the first installations now operational at Mountain View Village in Salt Lake City, Utah.
In an international expansion, Blink has expanded its collaboration with Group Bernaerts to increase charging infrastructure across properties in Antwerp and Mechelen, Belgium, with plans to double the current 88 charging stations by the end of 2025. Meanwhile, Barclays has revised its price target for Blink Charging stock to $1.00 from $1.50, citing weaker sales projections for electric vehicle chargers. The firm has also adjusted its revenue forecasts for the coming years, estimating fiscal year 2025 sales at $95 million, below the consensus estimate of $98 million. Barclays further reduced its FY2026 and FY2027 revenue projections, reflecting an increasingly challenging market environment.
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