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Blink Charging (BLNK)
:BLNK
US Market

Blink Charging Co (BLNK) AI Stock Analysis

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Blink Charging Co

(NASDAQ:BLNK)

Rating:48Neutral
Price Target:
$1.00
▲(16.28%Upside)
Blink Charging Co's overall score is driven by significant financial challenges and valuation concerns. Despite some positive signals from technical analysis and earnings call highlights, the risks associated with financial instability and potential delisting weigh heavily on the stock's outlook.
Positive Factors
Cost Management
BLNK announced a 20% reduction in its workforce, allowing for $11 million in annualized savings.
Service Segment 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.
Revenue Challenges
The company's 2025 revenues have been revised down to $95.1M, compared to a previous estimate of $131.1M.
Uncertainty in Profitability
BLNK is no longer guiding to break-even adjusted EBITDA, indicating uncertainty in achieving profitability.

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 infrastructure sector. The company specializes in the development, deployment, and operation of a comprehensive network of charging stations across various geographic regions. Blink Charging Co offers a range of products and services, including residential and commercial EV charging equipment, as well as cloud-based software solutions for charging management and network connectivity. As the demand for electric vehicles continues to grow, Blink Charging Co plays a crucial role in supporting the transition to cleaner transportation solutions.
How the Company Makes MoneyBlink 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 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: 0.00%|
Next Earnings Date:Aug 06, 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 faces significant financial challenges with negative margins and consistent net losses. Moderate stability is reflected in the balance sheet with low leverage but declining equity and cash flow issues indicate operational inefficiencies and liquidity concerns.
Income Statement
42
Neutral
Blink Charging Co has experienced volatile revenue growth with significant declines in revenue over recent periods. The TTM (Trailing-Twelve-Months) revenue of $108.3M reflects a notable decrease from $126.2M in the previous year. The company faces consistent profitability challenges, evidenced by negative gross profit and net profit margins. EBIT and EBITDA margins are deeply negative, indicating operational inefficiencies and high costs relative to revenue.
Balance Sheet
56
Neutral
The balance sheet reflects moderate stability with a debt-to-equity ratio of 0.10, indicating low leverage. However, the return on equity is negative due to consistent net losses, impacting investor returns. The equity ratio of 51.5% suggests a solid equity base compared to total assets, though the declining equity value poses risks.
Cash Flow
38
Negative
Cash flow analysis shows significant strain with negative operating and free cash flows, highlighting challenges in generating cash from operations. The operating cash flow to net income ratio is negative, reflecting inefficiencies. Despite some cash inflows from investing activities, the company struggles to maintain positive cash flow, impacting liquidity.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
108.31M126.20M140.60M61.14M20.94M6.23M
Gross Profit
33.45M39.08M44.46M14.80M2.84M1.86M
EBIT
-203.54M-199.95M-199.55M-89.27M-55.67M-17.81M
EBITDA
-187.29M-183.58M-186.21M-80.18M-52.94M-17.13M
Net Income Common Stockholders
-201.67M-198.13M-203.69M-91.56M-55.12M-17.85M
Balance SheetCash, Cash Equivalents and Short-Term Investments
42.02M55.40M121.69M36.56M174.79M22.34M
Total Assets
199.08M217.99M428.52M362.54M231.91M34.55M
Total Debt
10.34M10.77M17.94M5.49M2.09M1.56M
Net Debt
-31.69M-31.00M-103.75M-31.07M-172.71M-20.78M
Total Liabilities
96.47M99.29M139.12M101.58M18.08M7.39M
Stockholders Equity
102.60M118.70M289.40M260.96M213.83M27.16M
Cash FlowFree Cash Flow
-45.54M-55.78M-105.12M-87.91M-47.87M-20.62M
Operating Cash Flow
-37.54M-47.16M-97.57M-82.36M-40.57M-18.07M
Investing Cash Flow
18.07M4.15M-13.24M-57.44M-30.45M260.24K
Financing Cash Flow
-4.83M-12.42M197.31M6.39M223.27M36.06M

Blink Charging Co Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.86
Price Trends
50DMA
0.77
Positive
100DMA
0.90
Positive
200DMA
1.31
Negative
Market Momentum
MACD
0.04
Negative
RSI
62.01
Neutral
STOCH
35.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLNK, the sentiment is Positive. The current price of 0.86 is above the 20-day moving average (MA) of 0.82, above the 50-day MA of 0.77, and below the 200-day MA of 1.31, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 62.01 is Neutral, neither overbought nor oversold. The STOCH value of 35.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
$4.49B12.225.40%3.71%4.17%-11.97%
64
Neutral
$108.83M277.500.31%-30.85%-95.67%
57
Neutral
$158.17M-20.52%48.62%0.23%
48
Neutral
$90.79M-101.00%-30.11%28.84%
48
Neutral
$25.90M-1582.76%-1.45%-15.76%
44
Neutral
$7.95M-10.62%11.08%11.36%22.93%
41
Neutral
$2.06M-3420.59%-11.38%-9.63%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BLNK
Blink Charging Co
0.95
-1.72
-64.42%
CBAT
CBAK Energy Technology
1.15
-0.33
-22.30%
FCEL
Fuelcell Energy
5.90
-16.34
-73.47%
HIHO
Highway Holdings
1.75
-0.25
-12.50%
FLUX
Flux Power Holdings
1.52
-1.61
-51.44%
DFLI
Dragonfly Energy Holdings Corp
0.22
-7.47
-97.14%

Blink Charging Co Corporate Events

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.

Executive/Board ChangesBusiness Operations and Strategy
Blink Charging Co Extends Aviv Hillo’s Employment
Positive
Apr 29, 2025

On April 25, 2025, Blink Charging Co announced a new employment agreement with Aviv Hillo, extending his role as General Counsel and Executive Vice President of Mergers and Acquisitions until June 1, 2027. The agreement includes a base salary of $456,000, performance-based bonuses, and equity awards, with specific performance targets to be met, highlighting the company’s focus on strategic growth and retention of key personnel.

Delistings and Listing ChangesRegulatory Filings and Compliance
Blink Charging Co Faces Nasdaq Non-Compliance Notice
Negative
Apr 8, 2025

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.

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.