Why Blink Charging Stock Is Trading Higher After Q1 Results
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Blink Charging Co (NASDAQ:BLNK) saw its stock rise 3.75% to 99 cents after reporting Q1 revenue of $20.78 million, slightly missing estimates. The company is transitioning to a service-focused model, with service revenue up 25% year-over-year. CEO Mike Battaglia emphasized a commitment to profitability and long-term value creation, affirming a full-year revenue forecast of $105-$115 million. Despite a revenue miss, the stock is experiencing positive momentum in after-hours trading.
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