Blnk stock price strong institutional buying lifted BLNK

Strong institutional buying lifted BLNK stock price to $3.49, suggesting confidence in the company’s long-term EV infrastructure strategy despite broader market volatility. Driven by a robust quarter, management increased its guidance for 2023 revenue from the range of $110 million to $120 million to a new target range of $128 million to $133 million. Meanwhile, analysts forecast revenue of $132.4 million, and management expects BLNK’s gross margin to be over 30%. Smart Portfolio is supported by our partner TipRanks. By connecting my portfolio to TipRanks Smart Portfolio I agree to their Terms of Use . BLNK stock price is benefiting from positive media coverage around green tech innovation, closing at $3.46 on above-average daily volume.