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Blink Charging Co. (BLNK)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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46.10+1.13 (+2.51%)
At close: 4:00PM EST

45.00 -1.10 (-2.39%)
Before hours: 5:18AM EST

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Previous Close44.97
Open45.50
Bid0.00 x 1100
Ask0.00 x 800
Day's Range42.58 - 47.08
52 Week Range1.25 - 57.85
Volume8,430,749
Avg. Volume13,068,346
Market Cap1.918B
Beta (5Y Monthly)4.38
PE Ratio (TTM)N/A
EPS (TTM)-0.45
Earnings DateNov 12, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est32.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • 3 Space Stocks Rocketing Higher on Ark’s Space Ambitions
    InvestorPlace

    3 Space Stocks Rocketing Higher on Ark’s Space Ambitions

    Ark Invest operates the largest actively managed exchange-traded fund in the world. It’s CEO and CIO, Catherine Wood, is considered this era’s Warren Buffett, and has led the firm’s flagship ETF — the Ark Innovation ETF (NYSE:ARKK) — to a whopping 170% return over the past year. So, when news broke that Wood and Ark Invest would be launching a new space exploration ETF under the ticker “ARKX,” space stocks naturally jumped. And not by a little — by a whole bunch. This makes complete sense. In the bigger picture, the new ARKX space exploration ETF is just one reason in an increasingly long list of reasons why space stocks are some of the best stocks to buy in 2021. Other reasons public investor interest in space will increase significantly include the following: a flurry of space company initial public offerings (IPOs) over the next 12 months, multiple successful flights from SpaceX and others drumming up mainstream enthusiasm, and technological advancements in 5G and AI unlocking new capabilities in this still very nascent industry.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Add it all up, and I think space stocks could have a “coming out party” in 2021, much like electric vehicle (EV) stocks did in 2020, wherein many EV stocks doubled, tripled and even quadrupled (or more) throughout the year. See: Tesla (NASDAQ:TSLA), Nio (NYSE:NIO) or Blink Charging (NASDAQ:BLNK). Space stocks are positioned to do that in 2021. Sign Up Here to Keep Up With Luke’s Hypergrowth Stock Picks With that in mind, let’s take a look at my three favorite space stocks to buy this year: Virgin Galactic (NYSE:SPCE) Maxar Technologies (NYSE:MAXR) Momentus (NASDAQ:SRAC) Space Stocks to Buy: Virgin Galactic (SPCE) Source: Tun Pichitanon / Shutterstock.com The first name on this list of space stocks to buy in 2021 is commercial spaceflight leader Virgin Galactic. You may have heard of Virgin Galactic as one of the leading companies behind commercializing space tourism, e.g. flying rich clients into space. Demand for such a service is very clearly robust, since wealthy folks like to “do it all,” and space is the one thing that no one — excluding a handful of astronauts — has been able to do yet. The only question here, then, is supply. Can Virgin Galactic actually build a safe, operable commercial spaceflight service to supply all that demand? It increasingly appears that the answer is “yes.” The company staged multiple successful test flights in 2020, and even though it’s most recent test-flight triggered a “fail-safe” scenario, the pilots and spacecraft executed flawlessly in that fail-safe scenario. Management continues to tout 2021 as the year that they will fly the company’s Chairman, Richard Branson, into space. I think this is totally doable. If that does happen, it will be a huge step forward in Virgin Galactic turning its commercial spaceflight vision into a reality. Once that space tourism business scales, it could be a multi-billion-dollar revenue business with hundreds of millions of dollars — and maybe even close to a billion dollars — in profits. That’s enough growth potential to make SPCE stock a great long-term investment. Maxar Technologies (MAXR) Source: Shutterstock Second on this list of space stocks to buy in 2021 in Maxar Technologies. The bull thesis on MAXR stock breaks down into three parts: First, Maxar is an industry veteran that’s been around since Neil Armstrong landed on the moon. That means the company has a ton of expertise in all things space related. And sports robust space infrastructure production capacity and a huge existing satellite network that is already rotating the Earth. The company will rely heavily on these incumbent advantages to grow with the booming space industry over the next 10 years. Second, the company is better now than ever before. That is, a few years back, Maxar was a heavily indebted company spread too thinly across too many projects. Ultimately, this caused the company to lose a big satellite in early 2019. But, over the past 12 months, Maxar has down-sized its operations, paid down debt and focused the business model around its strengths: Earth Intelligence and Space Infrastructure. Third, huge investment into 5G and autonomous driving technology will propel big demand for Maxar’s space-tech solutions over the next few years. On the 5G front, Maxar’s Space Infrastructure business will get a big boost as companies pour money into building out non-terrestrial 5G networks. Meanwhile, autonomous driving technology requires granular, 30-centimeter imaging data — the likes of which only Maxar can produce thanks to its existing constellation of imaging satellites. Demand for this granular imaging data will explode higher over the next decade. 7 Long-Term Stocks To Buy You’ll Want To Hang Onto Net net, MAXR stock is a solid, well-established and well-rounded play on the burgeoning Space Economy. Momentus (SRAC) Source: NicoElNino / Shutterstock.com Last, but not least, on this list of space stocks to buy in 2021 is Momentus, which is coming public via special purpose acquisition company (SPAC) Stable Road (NASDAQ:SRAC). I like to think of Momentus as a space mobility company. It builds what are called “transfer vehicles,” which enable devices to move throughout space. These transfer vehicles help satellites — once detached from the main rocket — get into their final destination orbits, switch between orbits and return to a spaceship. Momentus is essentially building the technology upon which things move in space — and they are the best in the world at doing this. Its transfer vehicles are built on the back of a patented and proprietary water plasma propulsion technology platform that is the cheapest and most efficient mechanism for maneuvering in space. This innovative propulsion platform is highly scalable (engine efficiency increases with size), throttleable (you can vary thrust to optimize trip time), safe (it’s based on water, which is as low-risk as it gets), and cost-effective (it’s built on a simple design that uses low-cost, off-the-shelf components). Thanks to this breakthrough tech, Momentus has been tapped by SpaceX as its transfer vehicle supplier. That’s a big deal. But it’s also just the beginning. Because in the long run, Momentus has an opportunity to emerge as a foundational technology platform for space mobility. Naturally, SRAC stock has huge upside potential as the Space Economy comes to life in the 2020s. On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. The New Daily 10X Stock Report: Dozens of triple-digit winners, peak gains as high as 926%… 1,326%… and 1,392%. InvestorPlace’s bold new initiative delivers one breakthrough stock recommendation every trading day, targeting gains of 5X… 10X… even 15X and beyond. Now, for a limited time, you can get in for just $19. Click here to find out how. In addition, you can sign up for Luke’s free Hypergrowth Investing newsletter. Click here to sign up now. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post 3 Space Stocks Rocketing Higher on Ark’s Space Ambitions appeared first on InvestorPlace.

  • Blink Charging Announces Closing of Public Offering of Common Stock for Total Gross Proceeds of $232.1 Million
    GlobeNewswire

    Blink Charging Announces Closing of Public Offering of Common Stock for Total Gross Proceeds of $232.1 Million

    MIAMI BEACH, FL, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Blink Charging Co. (the “Company” or “Blink”) (Nasdaq: BLNK, BLNKW), a leading owner, operator and provider of electric vehicle (EV) charging equipment and services, today closed its previously announced underwritten public offering. In the offering, Blink sold 5,400,000 shares of its common stock at a public offering price of $41.00 per share, for gross proceeds of $221.4 million. The underwriters also exercised their option in full to purchase an additional 260,000 shares of common stock from the Company and 550,000 shares from the chief executive and one other officer of the Company, resulting in additional gross proceeds of approximately $10.7 million to the Company and $22.6 million to the selling stockholders. The total net proceeds to the Company, after underwriting discounts, but before estimated expenses of the offering payable by the Company, were approximately $221.6 million.             Blink intends to use the net proceeds from the offering to supplement its operating cash flows to fund EV charging station deployment and finance the costs of acquiring competitive and complementary businesses, products and technologies as a part of its growth strategy, and for working capital and general corporate purposes.            Barclays acted as the lead book-running manager for the public offering. H.C. Wainwright & Co., Roth Capital Partners and ThinkEquity, a division of Fordham Financial Management, Inc., acted as co-managers for the offering.            The offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-251919) filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 6, 2021, which became automatically effective. A final prospectus supplement describing the terms of the offering was filed with the SEC on January 8, 2021, and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained by contacting Barclays, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: (888) 603-5847, or by emailing Barclaysprospectus@broadridge.com.            Olshan Frome Wolosky LLP served as counsel to Blink and Duane Morris LLP represented the underwriters.This press release does not constitute an offer to sell or solicitation of an offer to buy any securities in the offering. Nor shall there be any sale of these securities in any state or jurisdiction in which such offering, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.  About Blink Charging            Blink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment and has deployed over 23,000 charging stations, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Blink Charging’s principal line of products and services include its Blink EV charging network (“Blink Network”), EV charging equipment and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million vehicles by 2025 from approximately 2 million in 2019, the Company has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information about Blink, please visit https://www.blinkcharging.com/.Forward-Looking Statements                This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, along with terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should” and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of Blink and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.Blink Media Contact PR@BlinkCharging.comBlink Investor Relations Contact IR@BlinkCharging.com(855) 313-8187

  • Blink Charging To Present at the Needham Virtual Growth Conference
    GlobeNewswire

    Blink Charging To Present at the Needham Virtual Growth Conference

    Miami Beach, FL, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Blink Charging Co. (Nasdaq: BLNK, BLNKW) ("Blink" or the "Company"), a leading owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced that Michael D. Farkas, Founder and Chief Executive Officer, will participate in a fireside chat at the Needham Virtual Growth Conference on Wednesday, January 13 at 8:30 AM ET. Mr. Farkas and management will also be available throughout the day for virtual one-on-one meetings. A webcast of the presentation will be available to the public at:https://wsw.com/webcast/needham103/blnk/2231658About Blink ChargingBlink Charging Co. (Nasdaq: BLNK, BLNKW) is a leader in electric vehicle (EV) charging equipment and has deployed over 23,000 charging stations, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the Company’s charging locations worldwide. Blink Charging’s principal line of products and services include its Blink EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. With global EV purchases forecasted to rise to 10 million vehicles by 2025 from approximately 2 million in 2019, the Company has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, please visit https://www.blinkcharging.com/.Forward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, along with terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should,” and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Blink Media Contact  PR@BlinkCharging.comBlink Investor Relations Contact  IR@BlinkCharging.com