Blink Charging Co (BLNK) AI Stock Analysis

• Market Cap: $73.41M
• Dividend Yield: N/A
• Average Volume (3M): 3.98M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.68
• Revenue Growth: -10.24%
• EPS Growth: 37.82%
• Country: US
• Employees: 684
• Sector: Industrials
• Sector Strength: 70
• Industry: Engineering & Construction
• EPS (TTM): -1.96
• Shares Outstanding: 102,718,820
• 10 Day Avg. Volume: 4,569,643
• 30 Day Avg. Volume: 3,975,217
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.72
• Price to Cash Flow (P/CF): -2.80
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $3.04
• Price Target Upside: 347.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

Blink Charging Co.'s overall score reflects strong revenue growth but significant profitability and cash flow issues. Technical indicators suggest a bearish trend, and the company's negative P/E ratio is a concern. The earnings call and recent corporate events provide some optimism, but regulatory challenges and the need for strategic improvements weigh on the stock's attractiveness.

Positive Factors

Cost Management

BLNK continues to make solid progress on the cost front.

Service Revenue Growth

The company has shown significant growth in service revenues from Blink-owned and operated chargers, indicating a strong performance in this segment.

Negative Factors

Profitability Uncertainty

BLNK is no longer guiding to break-even adjusted EBITDA, indicating uncertainty in achieving profitability.

Regulatory Challenges

Regulatory headwinds are likely flattening the EV adoption curve, adding uncertainty to growth projections.

Revenue Decline

Revenues for the quarter decreased by 29.3% year-over-year, reflecting challenges in revenue generation.

Blink Charging Co Business Overview & Revenue Model

Company Description

Blink Charging Co., through its subsidiaries, owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based system that operates, maintains, and manages various Blink charging stations and associated charging data, back-end operations, and payment processing, as well as offers property owners, managers, parking companies, and state and municipal entities with cloud-based services that enable the remote monitoring and management of EV charging stations; and provides EV drivers with station information, including station location, availability, and applicable fees. In addition, the company provides EV charging hardware, software services, and service plans. It has strategic partnerships across transit/destination locations, including airports, auto dealers, healthcare/medicals, hotels, mixed-use, municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations. The company offers its services through direct sales force and resellers, as well as sells residential Level 2 chargers through various internet channels. As of March 10, 2022, it deployed approximately 30,000 charging ports. Blink Charging Co. was founded in 2009 and is headquartered in Miami Beach, Florida.

How the Company Makes Money

Blink Charging Co generates revenue through multiple streams centered around its EV charging solutions. The primary revenue sources include the sale of EV charging equipment to commercial and residential customers and the operation of a growing network of publicly accessible charging stations. Blink Charging Co also earns money through its membership plans, which offer users access to discounted charging rates and other benefits. Additionally, the company leverages strategic partnerships with businesses, municipalities, and property owners to expand its network and enhance service offerings. These partnerships often involve revenue-sharing agreements that contribute to the company's earnings. Blink Charging Co's software solutions and network management services provide an additional layer of recurring revenue, as clients seek robust solutions for managing their EV charging needs.

Blink Charging Co Financial Statement Overview

Summary

Blink Charging Co. shows strong revenue growth, but persistent net losses and negative cash flows are major concerns. The balance sheet shows strong equity growth, though data inconsistencies exist. Profitability and cash flow improvements are essential.

Income Statement

Blink Charging Co. has shown significant revenue growth over the years, with total revenue increasing from $2.76 million in 2019 to $140.6 million in 2023. However, the company has consistently reported negative net income, indicating profitability challenges. The net profit margin remains negative, and EBIT and EBITDA margins are also negative, suggesting operational inefficiencies. Despite strong revenue growth, the company's inability to achieve profitability is a concern.

Balance Sheet

The company's balance sheet shows strong equity growth, with stockholders' equity increasing from $7.4 million in 2019 to $289.4 million in 2023. The debt-to-equity ratio is low, indicating limited financial leverage, which is a positive aspect. However, the equity ratio cannot be determined for 2024 due to zero total assets reported. This anomaly requires further investigation. Overall, the balance sheet suggests a strong equity base but with potential data inconsistencies.

Cash Flow

Blink Charging Co. has faced challenges in generating positive free cash flow, with consistently negative free cash flow reported over the years. The operating cash flow to net income ratio is not available for 2024, as both metrics are zero or negative. The company's heavy reliance on financing activities to support cash flows highlights potential liquidity concerns. Improvements in cash flow generation are necessary for financial stability.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
126.20M	140.60M	61.14M	20.94M	6.23M
	Gross Profit
47.08M	44.46M	14.80M	2.84M	1.52M
	EBIT
-199.95M	-199.69M	-89.27M	-55.67M	-17.81M
	EBITDA
-183.58M	-93.12M	-79.72M	-52.94M	-17.17M
	Net Income Common Stockholders
-198.13M	-203.69M	-91.56M	-53.89M	-18.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
55.40M	121.69M	36.56M	174.79M	22.34M
	Total Assets
217.99M	428.52M	362.54M	231.91M	34.55M
	Total Debt
10.77M	17.94M	5.49M	2.09M	1.56M
	Net Debt
-41.77M	-103.75M	-31.07M	-172.71M	-20.78M
	Total Liabilities
99.29M	139.12M	101.58M	18.08M	7.39M
	Stockholders Equity
194.51M	289.40M	260.96M	213.83M	27.16M
Cash Flow		Free Cash Flow
-55.78M	-105.12M	-87.91M	-47.87M	-20.62M
	Operating Cash Flow
-47.16M	-97.57M	-82.36M	-40.57M	-18.07M
	Investing Cash Flow
4.15M	-13.24M	-57.44M	-30.45M	260.24K
	Financing Cash Flow
-12.42M	197.31M	6.39M	223.27M	36.06M

Blink Charging Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLNK, the sentiment is Negative. The current price of 0.68 is below the 20-day moving average (MA) of 0.86, below the 50-day MA of 0.96, and below the 200-day MA of 1.72, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 30.69 is Neutral, neither overbought nor oversold. The STOCH value of 19.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BLNK.

Blink Charging Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CBAT	63 Neutral	$59.82M	5.09	10.06%	―	-13.61%	―
Sector *	63 Neutral	$4.29B	11.05	5.73%	232.30%	4.75%	-5.69%
FLUX	62 Neutral	$24.98M	―	-385.84%	―	-5.96%	-50.28%
BLNK	49 Neutral	$73.41M	―	-97.10%	―	-10.24%	37.82%
HIHO	46 Neutral	$6.75M	―	-10.62%	7.82%	11.36%	22.93%
FCEL	45 Neutral	$84.15M	―	-18.96%	―	11.09%	0.41%
DFLI	35 Underperform	$5.04M	―	-438.89%	―	-21.35%	-155.36%

Blink Charging Co Corporate Events

Blink Charging Co Faces Nasdaq Non-Compliance Notice

On April 2, 2025, Blink Charging Co. received a notification from Nasdaq indicating non-compliance with the periodic financial reporting requirements due to the late filing of its Form 10-K for the year ended December 31, 2024. The company has 60 days to submit a plan to regain compliance, potentially receiving an extension until September 29, 2025, if accepted. Blink is working diligently to complete and file the Form 10-K promptly to meet Nasdaq’s requirements.

Spark’s Take on BLNK Stock

According to Spark, TipRanks’ AI Analyst, BLNK is a Neutral.

Blink Charging Co. shows potential with strong revenue growth and strategic corporate events, such as appointing a new CEO and resolving an SEC investigation. However, ongoing profitability and cash flow challenges, coupled with a negative P/E ratio, weigh heavily on the stock’s overall attractiveness.

To see Spark’s full report on BLNK stock, click here.

Blink Charging Co Names Michael Battaglia as CEO

On February 1, 2025, Michael Battaglia will assume the roles of President and CEO of Blink Charging Co, succeeding his position as COO. With over 25 years of experience in the automotive and EV charging sectors, Battaglia is expected to leverage his expertise to continue driving the company’s growth and operational improvements. The new CEO’s employment agreement includes a lucrative compensation package with performance-based incentives, underscoring the company’s focus on achieving strategic objectives and maintaining its competitive edge.

Blink Charging Co. Resolves SEC Investigation Successfully

On January 21, 2025, Blink Charging Co. announced the closure of a Securities and Exchange Commission (SEC) investigation, dating back to July 2023, with no enforcement action recommended against the company. This resolution is seen as a milestone for Blink, allowing the company to eliminate legal expenses and focus on executing its core strategy, enhancing profitability, and continuing to build a world-class organization serving global customers.