Blink (BLNK) Wins Sourcewell Contract to Supply EV Chargers Nationwide

Blink Charging Co. (NASDAQ:BLNK) is one of the best EV charging stocks to buy now. On November 17, Blink Charging Co. (NASDAQ:BLNK) disclosed that it had been awarded a competitively solicited contract through Sourcewell to supply EV charging equipment and associated services to public sector entities across the United States. The agreement encompasses a full range of offerings, including networked and non-networked Level 2 and DC fast charging hardware, site assessments, installation, maintenance, and repairs. The contract took effect immediately and will run through September 18, 2029.

This disclosure comes less than two weeks after Blink’s earnings release on November 6. The company reported a non-GAAP adjusted EPS loss of $0.10, beating analyst consensus estimates by $0.01. Management attributed the performance to aggressive cost cuts and a focus on high-margin service streams. However, total revenues for the quarter climbed 7.3% year-over-year $27 million, but undershot the expected $30.08 million. According to CEO Mike Battaglia, the modest growth stemmed from robust service segment expansion offsetting softer product sales.

Management guided for continued sequential revenue growth through the second half of 2025 and into Q4, emphasizing momentum in recurring revenues without specific numerical targets. Battaglia stated, “Our transformation efforts are delivering the intended impact, and we’re entering the fourth quarter from a position of strength.”

Blink Charging Co. (NASDAQ:BLNK) is a provider of EV charging equipment and services. It designs, manufactures, and operates charging stations across the United States and international markets. The company’s primary facilities include a growing network of public charging stations located at airports, universities, retail centers, and municipal sites, supported by its proprietary Blink Network software platform.

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Disclosure: None. This article is originally published at Insider Monkey.