Blink Charging (NASDAQ: BLNK) signs deal with Cushman & Wakefield – inventory has increased more than 20 percent today as charging infrastructure expands
Flashing charging (NASDAQ: BLNK), a provider of electric vehicle charging services and equipment, continues to rise in a recent avalanche of new deals and expansion of the sales channel. Since June 1, Blink Charging shares have risen no less than 609 percent from the current price level!
Shares of Blink Charging experienced another bullish boost today as the company struck a deal with the real estate service provider, Cushman & Wakefield (NYSE: CWK). According to the press statement the deal has just been released by the company “The marketing and potential deployment of Blink charging stations, including the Blink IQ 200 units, and related services to Cushman & Wakefield customers in the United States”.
According to Blink Charging, the agreement paves the way for the company to strengthen the sales channel for its products and services. Likewise, the Executive Vice President of Enterprise Solutions for Cushman & Wakefield Global Occupier Services, J Glasgow, noted in the press release:
“This agreement puts us and our customers at the forefront of the movement towards more sustainable transportation, and we look forward to working with Blink to effectively address the needs of the growing population of electric drivers.”
Keep in mind that the company continues to claim that its IQ 200 units are the fastest Level 2 AC charging stations available on the market, with a maximum output of 80 amps and up to 65 miles of charge in an hour.
As of 9:10 a.m. EDT, Blink Charging shares are up nearly 20 percent and traded at a price level of $ 12.55. This bullish impulse speaks volumes about the euphoria of the investor that currently surrounds this stock.
Of course, this isn’t the only deal Blink Charging has inked in recent days. On July 22, for example, the company received a subsidy for the deployment of “200 Blink Fast Level 2 – 19.2 kW charging stations in the mid-Atlantic region, including locations in Virginia, Maryland, West Virginia and Washington, DC”.
Then, on July 28, Blink Charging and EnerSys inked a deal to jointly develop powerful wireless and enhanced DC fast charging (DCFC) systems with integrated battery storage for the transportation market. The resulting DCFC charging solution with powerful energy storage will reportedly have a modular design and 100-500 kW of power. Moreover, it will be so “Economically priced”.
Finally, on July 30, Blink Charging Hellas – a joint venture between Blink Charging and Eunice Energy Group – entered a strategic agreement with Nissan Nik. I. Theocharakis SA to promote“Developing and promoting e-mobility in Greece”. The deal extends the Blink Charging infrastructure across Greece through partnerships with Nissan dealers and authorized partners.
We recently noted that the continued rise in Blink Charging’s shares coincides with a rising interest in the shares on the increasingly popular brokerage platform Robinhood. As for the basics, the company reported its first quarter 2020 earnings on May 13, with sales of $ 1.29 million during the quarter and exceeded expectations by $ 100,000. Blink managed to increase quarterly turnover by as much as 125 percent annually.