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Blink Charging (BLNK)
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Blink Charging Co (BLNK) AI Stock Analysis

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BLNK

Blink Charging Co

(NASDAQ:BLNK)

Rating:48Neutral
Price Target:
$1.00
▲(5.26% Upside)
Blink Charging Co's overall stock score reflects strong revenue growth but significant challenges in profitability and cash flow. The technical analysis indicates a bearish trend, and the valuation is constrained by ongoing losses. While the earnings call highlights strategic efforts to improve, the recent Nasdaq delisting notice adds risk. The company's focus on cost reduction and international expansion could provide future growth opportunities, but immediate financial stability remains a concern.
Positive Factors
Cost Management
BLNK announced a 20% reduction in its workforce, allowing for $11 million in annualized savings.
Operational Efficiency
BLNK is showing signs of improved cost discipline, with gross margin improvement due to better product mix, while operating expenses reached their lowest level in approximately three years.
Service Performance
The service segment continues to improve, outpacing estimates despite underwhelming results.
Negative Factors
Product Sales Decline
The company is facing continued weakness in product sales, which were down 69.5% year-over-year to $8.4M during 1Q25 compared to $27.5M in 1Q24.
Profitability Uncertainty
BLNK is no longer guiding to break-even adjusted EBITDA, indicating uncertainty in achieving profitability.
Revenue Challenges
The company's 2025 revenues have been revised down to $95.1M, compared to a previous estimate of $131.1M.

Blink Charging Co (BLNK) vs. SPDR S&P 500 ETF (SPY)

Blink Charging Co Business Overview & Revenue Model

Company DescriptionBlink Charging Co (BLNK) is a leading provider in the electric vehicle (EV) charging sector, specializing in the development and operation of EV charging infrastructure. The company offers a range of products and services including residential and commercial EV charging stations, as well as networked EV charging services designed to support the growing adoption of electric vehicles. Blink Charging Co is committed to promoting sustainable transportation solutions by facilitating access to convenient and reliable EV charging options.
How the Company Makes MoneyBlink Charging Co generates revenue through multiple streams including the sale of EV charging equipment and the provision of charging services. The company sells charging stations to residential, commercial, and public customers, and generates ongoing revenue through the usage of its networked charging infrastructure. In addition, Blink Charging earns money from network membership fees, the management of charging stations on behalf of third parties, and partnerships with businesses and municipalities for the deployment of EV charging stations. These partnerships and strategic site locations contribute significantly to its earnings by expanding its charging network and increasing user accessibility.

Blink Charging Co Key Performance Indicators (KPIs)

Any
Any
Revenue by Segment
Revenue by Segment
Shows how revenue is distributed across different business areas, highlighting which segments are driving growth for Blink Charging Co and where there might be opportunities or challenges in the electric vehicle infrastructure market.
Chart InsightsBlink Charging Co's charging service revenue has shown robust growth, reaching record highs, driven by increased infrastructure utilization and international expansion, particularly in Europe. However, product sales have sharply declined, highlighting a gap in the value-oriented market. Despite overall revenue decreases and increased losses, the company is focusing on strategic growth and expense management to achieve profitability. The expansion of DC fast charging and new international contracts signal potential future growth, but the company must address product sales challenges to stabilize its financial position.
Data provided by:Main Street Data

Blink Charging Co Earnings Call Summary

Earnings Call Date:May 12, 2025
(Q1-2025)
|
% Change Since: 10.47%|
Next Earnings Date:Aug 18, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook with significant growth in charging service revenue and international market expansion, particularly in Europe, as key highlights. However, these were offset by a sharp decline in product sales and overall revenue, increased losses, and a decrease in cash position. The company is actively working on addressing market gaps and reducing operating expenses, but challenges remain in achieving profitability.
Q1-2025 Updates
Positive Updates
Record Charging Service Revenue
Charging service revenue increased 35% year-over-year, setting a new record high, driven by higher utilization of deployed infrastructure.
European Market Growth
Charging revenue in Europe grew by 22%, with significant gains in Germany, Belgium, and the Netherlands.
Operating Expense Reduction
Operating expenses were reduced by 8% to $28.5 million, the lowest in nearly three years.
Increase in Owned Chargers
The company closed the quarter with 7,091 company-owned chargers, a 22% increase year-over-year.
DC Fast Charging Expansion
DC fast charging revenues in the U.S. increased over three times compared to the first quarter of last year.
International Contract Win
Blink U.K. was named as a preferred bidder by Brighton and Hove City Council for a 15-year contract valued over 500,000 British pounds.
Negative Updates
Decline in Product Sales
Product sales were $8.4 million, down sharply from Q1 2024 due to a gap in addressing the value-oriented market segment.
Overall Revenue Decrease
Total revenues for Q1 2025 were $20.8 million compared to $37.6 million in the prior year quarter.
Increased Losses
Adjusted EBITDA for Q1 2025 was a loss of $15.5 million compared to a loss of $10.2 million in the prior year.
Cash Position Decline
Cash, cash equivalents, and marketable securities totaled $42 million as of March 31, 2025, down from $55 million as of December 31, 2024.
Company Guidance
During Blink Charging's first quarter 2025 earnings call, the company reported a 35% year-over-year increase in charging service revenue, reaching a new record high, while product sales decreased sharply to $8.4 million. Despite a challenging operating environment, operating expenses were reduced by 8% to $28.5 million, marking the lowest level in nearly three years. The Blink Networks delivered approximately 50 gigawatt hours of electricity, a 66% year-over-year increase. The company closed the quarter with 7,091 company-owned chargers, a 22% increase from the previous year, and announced an agreement to provide up to 50 DC fast chargers to Alameda, California. Internationally, Blink's service revenue grew, with significant EV sales increases in Europe and a new 15-year contract in the UK valued at over 500,000 British pounds. Despite a gross profit decrease to $7.4 million, Blink remains focused on reducing cash burn and operating expenses, aiming for profitability through strategic revenue growth and disciplined expense management.

Blink Charging Co Financial Statement Overview

Summary
Blink Charging Co shows strong revenue growth, but faces challenges in profitability and cash flow. While the balance sheet is stable with low leverage, declining asset base and negative cash flows pose risks. Improvement in operational efficiency and cost management is needed.
Income Statement
45
Neutral
Blink Charging Co has shown a significant increase in revenue over the years, with a notable growth from $6.23 million in 2020 to $140.6 million in 2023. However, the company is struggling with profitability, as indicated by negative EBIT and net income margins across all periods. The TTM data shows a continued negative trend in profitability, with a net income of -$201.67 million. The gross profit margin is relatively low, reflecting challenges in managing cost of goods sold.
Balance Sheet
55
Neutral
The balance sheet of Blink Charging Co reveals a relatively stable equity position, with stockholders' equity consistently higher than total liabilities. The debt-to-equity ratio is low, indicating conservative leverage. However, the equity ratio has decreased over time, suggesting a potential risk of declining asset coverage by equity. The company's total assets have decreased in the TTM period, which could impact future growth potential.
Cash Flow
40
Negative
Blink Charging Co's cash flow statement highlights ongoing challenges in generating positive cash flow from operations, with consistently negative operating cash flow. The free cash flow has also been negative, indicating reliance on external financing for operations and growth. The operating cash flow to net income ratio is unfavorable, reflecting inefficiencies in converting revenue into cash.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue126.20M140.60M61.14M20.94M6.23M
Gross Profit39.08M44.46M14.80M2.84M1.86M
EBITDA-183.58M-186.21M-80.18M-52.94M-17.13M
Net Income-198.13M-203.69M-91.56M-55.12M-17.85M
Balance Sheet
Total Assets217.99M428.52M362.54M231.91M34.55M
Cash, Cash Equivalents and Short-Term Investments55.40M121.69M36.56M174.79M22.34M
Total Debt10.77M17.94M5.49M2.09M1.56M
Total Liabilities99.29M139.12M101.58M18.08M7.39M
Stockholders Equity118.70M289.40M260.96M213.83M27.16M
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 Flow4.15M-13.24M-57.44M-30.45M260.24K
Financing Cash Flow-12.42M197.31M6.39M223.27M36.06M

Blink Charging Co Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.95
Price Trends
50DMA
0.93
Positive
100DMA
0.87
Positive
200DMA
1.18
Negative
Market Momentum
MACD
0.01
Positive
RSI
45.86
Neutral
STOCH
7.54
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 0.95 is below the 20-day moving average (MA) of 1.03, above the 50-day MA of 0.93, and below the 200-day MA of 1.18, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 45.86 is Neutral, neither overbought nor oversold. The STOCH value of 7.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BLNK.

Blink Charging Co Risk Analysis

Blink Charging Co disclosed 39 risk factors in its most recent earnings report. Blink Charging Co reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Blink Charging Co Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
$1.32B52.1410.78%12.40%81.98%
78
Outperform
$9.02B32.5536.72%4.84%77.84%
74
Outperform
$24.40B35.5340.09%0.22%26.33%63.32%
69
Neutral
$1.31B17.506.36%22.85%8.26%
67
Neutral
€10.47B31.196.73%2.65%4.46%-25.45%
48
Neutral
$93.70M-101.00%-30.11%28.84%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BLNK
Blink Charging Co
0.90
-1.23
-57.75%
AMRC
Ameresco
20.01
-8.94
-30.88%
FIX
Comfort Systems
694.43
379.58
120.56%
STRL
Sterling Construction
299.64
191.73
177.68%
WLDN
Willdan Group
91.20
55.16
153.05%

Blink Charging Co Corporate Events

M&A TransactionsBusiness Operations and Strategy
Blink Charging Co Amends Merger Agreement with Envoy
Positive
Aug 6, 2025

On August 4, 2025, Blink Charging Co.’s subsidiary, Envoy Technologies, amended its merger agreement with Envoy Mobility, releasing Blink from all payment obligations and liabilities to Envoy’s former equityholders. This was achieved through the issuance of $10 million in common stock and $11 million in warrants, with vesting conditions tied to specific stock price achievements. The amendment also includes a 120-day leak-out period for the issued shares and warrants, and registration rights for the former equityholders. Blink announced this agreement on August 6, 2025, signaling a strategic move to satisfy liabilities and potentially strengthen its market position.

The most recent analyst rating on (BLNK) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Blink Charging Co stock, see the BLNK Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Blink Charging Co Holds Annual Stockholders Meeting
Neutral
Jun 30, 2025

On June 26, 2025, Blink Charging Co held its Annual Meeting of Stockholders, where several key proposals were voted on. The stockholders elected five directors to the board for a one-year term, approved executive compensation on a non-binding basis, and ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the year ending December 31, 2025. These decisions reflect the company’s ongoing governance and financial oversight strategies.

The most recent analyst rating on (BLNK) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Blink Charging Co stock, see the BLNK Stock Forecast page.

Executive/Board ChangesBusiness Operations and Strategy
Blink Charging Co Appoints New Chief Financial Officer
Positive
Jun 4, 2025

On May 29, 2025, Blink Charging Co announced the appointment of Michael Bercovich as the new Chief Financial Officer, effective June 23, 2025. Bercovich brings extensive experience from various financial leadership roles in multiple companies, including Advisor360 LLC and Helios Global Payments Solutions Inc. His appointment is accompanied by a comprehensive employment agreement that outlines his compensation package, including base salary, performance-based bonuses, and equity awards. This strategic move is expected to enhance Blink Charging Co’s financial operations and strategic initiatives, potentially impacting its market positioning and stakeholder relationships.

The most recent analyst rating on (BLNK) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Blink Charging Co stock, see the BLNK Stock Forecast page.

Executive/Board Changes
Blink Charging Co Appoints Interim CFO Robert Strauss
Neutral
May 22, 2025

On May 16, 2025, Blink Charging Co. announced that its Chief Financial Officer, Michael Rama, will be leaving the company to pursue new opportunities, with his tenure concluding on June 2, 2025. Subsequently, Robert Strauss has been appointed as the Interim Chief Financial Officer effective June 3, 2025. Strauss, who is currently a Managing Director at FTI Consulting, brings over 20 years of experience in strategic business planning and financial structuring, having served in various interim executive roles across multiple industries.

The most recent analyst rating on (BLNK) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Blink Charging Co stock, see the BLNK Stock Forecast page.

Delistings and Listing ChangesM&A Transactions
Blink Charging Co Amends Merger Agreement Terms
Neutral
May 21, 2025

On May 16, 2025, Blink Charging Co‘s subsidiary, Envoy Technologies, amended its merger agreement to extend the deadline for a direct listing or IPO to September 2, 2025. The amendment increased the value of shares to be issued to former shareholders to $23.5 million and clarified funding sources for cash payments, potentially impacting shareholder returns and market positioning.

The most recent analyst rating on (BLNK) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Blink Charging Co stock, see the BLNK Stock Forecast page.

Business Operations and Strategy
Blink Charging Co Announces Strategic Restructuring Plan
Neutral
May 19, 2025

On May 19, 2025, Blink Charging Co. announced a strategic restructuring plan to accelerate its BlinkForward initiative, aiming to enhance operational efficiencies and strengthen its global market position. The plan involves a 20% reduction in the global workforce, expected to save over $11 million annually, with completion by the end of the third quarter of 2025. This move is intended to align resources with strategic priorities, improve agility, and position the company for long-term growth and profitability. The company is committed to supporting affected employees with severance packages and outplacement services.

The most recent analyst rating on (BLNK) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Blink Charging Co stock, see the BLNK Stock Forecast page.

Delistings and Listing ChangesRegulatory Filings and Compliance
Blink Charging Co Receives Nasdaq Delisting Notice
Negative
May 13, 2025

On May 9, 2025, Blink Charging Co received a notice from Nasdaq indicating that its common stock had closed below the minimum bid price of $1.00 per share for 31 consecutive business days. This notice does not immediately affect the listing or trading of the company’s stock, but Blink Charging Co has 180 days to regain compliance by ensuring its stock price closes at or above $1.00 for at least ten consecutive business days. Failure to comply could lead to delisting, though the company may qualify for an additional compliance period if certain conditions are met. Blink Charging Co is considering options to address this issue, but there is no assurance of regaining compliance.

The most recent analyst rating on (BLNK) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Blink Charging Co stock, see the BLNK Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 07, 2025