B. Riley lowered the firm’s price target on Blink Charging (BLNK) to $1 from $2 and keeps a Neutral rating on the shares as part of an earnings preview. With electric vehicle sentiment already negative as Republicans target EV incentives, including the $7,500 federal tax credit for EV purchases, the administration’s tariff actions have increased uncertainty for the automotive industry broadly, the analyst tells investors in a research note. The firm says the volatile macro backdrop likely presents a headwind for the company’s profitability targets.
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