Blink Charging to supply 429 EV chargers for luxury apartments, strong Q3 revenues.
From Nasdaq: 2024-12-06 09:48:00
Blink Charging Co. (BLNK) has been selected by Power Design, Inc. to supply EV chargers for luxury multifamily apartments and condominiums, totaling 429 chargers with 723 plugs. In Q3 2024, BLNK reported $25.2 million in revenues, service revenues up 30% year over year. EV sales in the US hit record highs in Q3 2024.
The Zacks Consensus Estimate for BLNK’s 2025 revenues is $165.4 million. BLNK holds a Zacks Rank #3 (Hold). Other top auto stocks include Dorman Products, Inc. (DORM), Tesla, Inc. (TSLA), and Blue Bird Corporation (BLBD), all with a Zacks Rank #1 (Strong Buy).
Experts have identified 7 elite stocks as the “Most Likely for Early Price Pops,” with an average gain of +24.1% per year since 1988. These top picks include BLNK, DORM, TSLA, and BLBD. Stay ahead of the market with these Zacks Rank #1 Strong Buys.
Read more at Nasdaq: Blink Charging Gets Contract to Supply EV Chargers to Power Design