Blink Charging Co. ($BLNK) Stock Forecast: Down 5.4% Today

What is Blink Charging Co.?

BLNK (Blink Charging Co.) is a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services. The market for EV charging solutions has been growing rapidly as more people switch to electric vehicles.

Why is Blink Charging Co. going down?

BLNK stock is down 5.4% on Dec 12, 2024 20:40

• The bearish movement in BLNK stock could be due to profit-taking by investors after a recent surge in the stock price.
• Despite securing multiple contracts for installing EV chargers, the market may have reacted negatively to the news, possibly due to concerns about the company's profit margins or future growth prospects.
• The market might be interpreting the news as positive for the company's long-term growth but potentially not impactful enough in the short term to justify the recent price increase, leading to the bearish movement.

BLNK Price Chart

BLNK Technical Analysis

BLNK News

Blink UK To Install 41 EV Chargers At Princess Royal Hospital: Details - Blink Charging ( NASDAQ:BLNK )

Blink Charging Co.'s BLNK subsidiary Blink Charging UK secured a three-year contract to install, maintain, and manage 41 electric vehicle ( EV ) chargers and 21 contactless payment terminals at Kings College NHS Trust's flagship Princess Royal University Hospital.

https://www.benzinga.com/news/contracts/24/12/42461732/blink-uk-to-install-41-ev-chargers-at-princess-royal-hospital-details

Kings College NHS Trust Selects Blink Charging to Install 41 EV Chargers at Orpington's Princess Royal University Hospital

London, UK, Dec. 12, 2024 ( GLOBE NEWSWIRE ) -- Blink Charging UK ( "Blink UK" ) , a subsidiary of Blink Holdings BV, a wholly owned subsidiary of Blink Charging Co., a leading global manufacturer, owner, operator and provider of electric vehicle ( EV ) charging equipment and services, today ...

https://www.globenewswire.com/news-release/2024/12/12/2996041/0/en/Kings-College-NHS-Trust-Selects-Blink-Charging-to-Install-41-EV-Chargers-at-Orpington-s-Princess-Royal-University-Hospital.html

Blink Charging Gets Contract to Supply EV Chargers to Power Design

BLNK receives a contract to supply 429 chargers with a total of 723 plugs for residents living and working on Power Design's projects nationwide.

https://www.zacks.com/stock/news/2380251/blink-charging-gets-contract-to-supply-ev-chargers-to-power-design

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Blink Charging Co. Price History

18.08.2024 - BLNK Stock was down 5.6%

• BLNK stock saw a strong bearish movement following the announcement of laying off about 100 employees to cut costs.
• The decision to reduce operational costs due to softening EV demand may have raised concerns among investors about the company's future growth prospects.
• The market reacted negatively to the news, reflecting investors' worries about the impact of cost-cutting measures on Blink Charging's ability to capitalize on the growing EV market.

02.09.2024 - BLNK Stock was down 5.8%

• Reaching a milestone of exceeding 100,000 EV chargers sold, deployed, or contracted globally is a notable achievement for BLNK.
• Notwithstanding this positive development, the company's stock faced downward pressure, possibly influenced by factors like profit-taking or market sentiment.
• Despite the milestone, investors may have had high expectations for stronger growth or profitability, prompting some to sell shares despite the company's accomplishment.

08.10.2024 - BLNK Stock was down 18.4%

• BLNK disclosed its Q3 earnings, showing a 41.9% year-on-year decline in revenue, resulting in a bearish trend in the stock.
• Additionally, the company adjusted its fiscal 2024 forecast, exacerbating the negative market outlook.
• Despite introducing a Special Purpose Vehicle (SPV) for expanding EV charging infrastructure, the market's reaction seemed more influenced by the underwhelming financial performance.
• The convergence of reduced revenue, a forecast revision, and investor sentiment surrounding the earnings disappointment likely fueled today's downward movement in BLNK stock.

25.09.2024 - BLNK Stock was up 7.1%

• Blink Charging's upcoming third-quarter conference call has likely generated positive investor sentiment and anticipation.
• The market movement could be attributed to expectations of strong financial performance in the upcoming results.
• The bullish movement indicates investor confidence in Blink Charging's position within the expanding EV charging sector.
• The news of the conference call may have sparked optimism about the company's future growth prospects, driving the stock price higher.

16.09.2024 - BLNK Stock was up 5.3%

• BLNK experienced a strong bullish movement as it signed a strategic agreement with Stable Auto to improve its EV charging network.
• The partnership with Stable Auto, known for its data-driven solutions, is likely seen as a positive step towards enhancing services for customers and EV drivers.
• This development could have sparked investor optimism about BLNK's future growth potential in the expanding EV market, leading to the bullish movement in the stock price today.

31.09.2024 - BLNK Stock was down 5.7%

• The bearish movement could be due to profit-taking by investors after a recent bullish run in the stock.
• Despite receiving a significant grant from the Illinois Environmental Protection Agency to deploy new EV charging stations, the market may have been expecting even more positive news or a larger grant amount.
• The upcoming third-quarter conference call announcement might have raised concerns or uncertainties among investors about the company's financial performance or future outlook.
• Overall market conditions or sector-wide trends in the EV industry could have influenced the bearish movement in BLNK's stock price today.

04.09.2024 - BLNK Stock was up 10.5%

• BLNK's bullish movement today can be attributed to the positive news surrounding the company's expansion efforts and achievements in the EV charging industry.
• The announcement of including Lucid Air EVs in Envoy Technologies' car-sharing programs showcases BLNK's commitment to partnerships and innovation, which likely boosted investor confidence in the stock.
• Exceeding 100,000 EV chargers sold, deployed, or contracted globally demonstrates BLNK's strong market position and growth potential, further fueling investor optimism and driving the stock price higher.
• Overall, these developments highlight BLNK's strategic initiatives in the EV sector, positioning the company favorably in a market poised for continued expansion and technological advancements.

20.10.2024 - BLNK Stock was down 5.5%

• Despite significant strides in expanding EV charging infrastructure in New Jersey, BLNK stock experienced a bearish movement.
• The market may have reacted negatively to factors such as overall market sentiment, profit-taking by investors, or broader economic concerns.
• Investors might be concerned about the company's ability to translate infrastructure expansion into increased revenue and profitability in the short term.
• It's possible that the flat trading of BLNK shares on the day despite positive news about infrastructure expansion could have contributed to the bearish movement, indicating a disconnect between news and market reaction.

05.10.2024 - BLNK Stock was up 5.7%

• BLNK stock experienced a strong bullish movement recently.
• The creation of a Special Purpose Vehicle (SPV) to expand EV charging infrastructure in the U.K. and beyond has likely boosted investor confidence in BLNK's growth prospects.
• Securing a $2 million grant to deploy 15 new EV charging stations in Illinois further demonstrates BLNK's commitment to expanding its presence and accessibility in key markets.
• These strategic moves not only enhance BLNK's operational capabilities but also position the company favorably to capitalize on the increasing adoption of electric vehicles, driving positive sentiment and investor interest in the stock.

12.10.2024 - BLNK Stock was down 5.0%

• The bearish movement in BLNK stock is influenced by various factors:
• The Q3 earnings report presented disappointing results, including a notable revenue shortfall and a decline in product sales, causing investor worries about the company's financial performance and future growth.
• Blink Charging's downward adjustment of its fiscal 2024 forecast signals potential obstacles or uncertainties in the EV charging market that could affect the company's profitability going forward.
• Despite the positive development of partnering with ChargeHub to broaden its market presence, the unfavorable financial outcomes and forecast appear to have overshadowed this news, contributing to the downward trend in BLNK stock.

09.11.2024 - BLNK Stock was up 5.9%

• BLNK stock experienced a strong bullish movement today.
• The partnership announcement with Power Design, a significant player in the U.S. construction industry, to supply a large number of EV chargers likely boosted investor confidence in BLNK's growth potential.
• The contract to provide a substantial number of charging stations across multiple projects indicates a growing demand for EV infrastructure, positioning BLNK as a key player in the expanding EV market.
• This positive news surrounding BLNK's partnership and contract with Power Design could have contributed to the bullish movement in the stock price today.

12.11.2024 - BLNK Stock was down 5.4%

• The bearish movement in BLNK stock could be due to profit-taking by investors after a recent surge in the stock price.
• Despite securing multiple contracts for installing EV chargers, the market may have reacted negatively to the news, possibly due to concerns about the company's profit margins or future growth prospects.
• The market might be interpreting the news as positive for the company's long-term growth but potentially not impactful enough in the short term to justify the recent price increase, leading to the bearish movement.