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Blink Charging stock offering expected to jump-start electric vehicle company’s growth
Miami Beach-based Blink Charging Co. is selling 5.4 million units of common stock to supplement its working capital funds and fuel the electric vehicle charger company’s growth, which could include acquiring more competitors. The Miami Beach-based company aims to raise $221.4 million, with stock priced at $41 a share. The offering will close Tuesday.
Lehigh Valley Health Network to Install Electric-Vehicle Charging Stations
The Lehigh Valley Health Network (LVHN) recently signed a seven-year agreement with Blink Charging Co., a leading owner, operator, and provider of electric-vehicle (EV) charging equipment and services.
The 3 Hottest Electric Car Stocks For 2021
This is a “story stock”. But so was Tesla, and so is every EV industry tie-in. It’s been a lucrative story. Investors are piling into a story that details what our future is clearly going to look like. That’s where all the money is made. It’s an “if you build it, they will come” narrative that’s netting massive returns for investors. Blink is building an EV charging network. It’s small, but it has explosive potential. The bigger the EV industry itself becomes, the better this stock looks.
New England Burger Kings to Start Hosting Electric Vehicle Charging Stations
A big franchisee operating restaurants from the Burger King chain, the main brand in Restaurant Brands International‘s (NYSE:QSR) lineup, recently sealed a deal with an electric vehicle (EV) charging station provider to install EV charging stations at 10 New England region Burger Kings, with more to follow. JSC Management Group, a significant franchisee running 59 Burger King outlets, made the pact with Blink Charging (NASDAQ:BLNK) to place 26 charging stations at the first 10 restaurants immediately.
Blink Charging CEO Farkas Lights Up IPO Edge EV Forum with Hope King
The opportunity to charge EVs is vast, with locations ranging from McDonald’s parking lots to your own garage. And as younger Americans look to switch from Uber rides to their own cars, they are choosing EVs over gas-powered alternatives. While government subsidies create opportunity for small operators to enter the fray, they often wind up selling to market leaders.