Blink Charging’s stock surges after revenue outlook was well above forecasts

by | Feb 14, 2024 | Stock Market

Shares of Blink Charging Co. BLNK got a big boost Wednesday, after the electric-vehicle-charging equipment maker provided an upbeat sales outlook and affirmed its target for reaching adjusted profitability. The company BLNK said it expects fourth-quarter revenue “to surpass $42 million,” which is well above the current FactSet consensus of $34.1 million and could be roughly double the year-ago revenue of $22.6 million. For…

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Shares of Blink Charging Co. BLNK got a big boost Wednesday, after the electric-vehicle-charging equipment maker provided an upbeat sales outlook and affirmed its target for reaching adjusted profitability. The company BLNK said it expects fourth-quarter revenue “to surpass $42 million,” which is well above the current FactSet consensus of $34.1 million and could be roughly double the year-ago revenue of $22.6 million. For…

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