Blink Charging Co. Hold Rating Maintained Amid Revenue Shortfall and Uncertain Profitability Outlook

Stifel Nicolaus analyst Stephen Gengaro maintained a Hold rating on Blink Charging Co (BLNK – Research Report) yesterday and set a price target of $1.00.

Stephen Gengaro has given his Hold rating due to a combination of factors impacting Blink Charging Co. The company’s first-quarter results for 2025 were weaker than expected, with revenue falling short of both the firm’s forecasts and market consensus. Despite these challenges, Blink Charging has shown progress in cost management, including workforce reductions, which is a positive sign for future profitability. However, the timing for achieving adjusted EBITDA breakeven remains uncertain, which adds to the cautious stance.
Additionally, while the service segment has shown significant improvement and exceeded estimates, the overall revenue decline and the need for further operational efficiency measures contribute to the Hold rating. The company has also reduced its revenue estimates for the coming years, further influencing the decision to maintain a Hold rating. The target price was adjusted downward to $1.00, reflecting these considerations and the need for better visibility on profitability before a more favorable rating can be considered.