Blink Charging Co (BLNK) AI Stock Analysis

• Market Cap: $97.58M
• Dividend Yield: N/A
• Average Volume (3M): 3.79M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.50
• Revenue Growth: -30.11%
• EPS Growth: 28.84%
• Country: US
• Employees: 542
• Sector: Industrials
• Sector Strength: 90
• Industry: Engineering & Construction
• EPS (TTM): -0.20
• Shares Outstanding: 102,717,130
• 10 Day Avg. Volume: 2,548,394
• 30 Day Avg. Volume: 3,785,160
• PEG Ratio: 0.32
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.16
• Enterprise Value/Market Cap: 0.68
• Enterprise Value/Revenue: 0.13
• Enterprise Value/Gross Profit: 1.97
• Enterprise Value/Ebitda: -0.10
• 1Y Price Target: $2.33
• Price Target Upside: 142.71% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 51 Neutral
• Price Target: $1.00 ▲(4.17%Upside)

Blink Charging Co's stock score is impacted by strong revenue growth but offset by profitability challenges and cash flow issues. Technical indicators are stable, but valuation concerns and corporate risks like the Nasdaq delisting notice lower the overall score.

Positive Factors

Cost Optimization

BLNK announced a 20% reduction in its workforce, allowing for $11 million in annualized savings.

Manufacturing Model

Blink's vertically integrated and in-house manufacturing model provides competitive advantages through improved margins and enhanced control over production processes.

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

Product Sales Weakness

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 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 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 Financial Statement Overview

Summary

Blink Charging Co is experiencing strong revenue growth but faces significant challenges in achieving profitability and positive cash flow. The balance sheet remains relatively stable with low leverage, but the declining asset base and negative cash flows present risks. The company needs to focus on improving operational efficiency and cost management to enhance profitability and cash flow generation.

Income Statement

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

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

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.

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	39.08M	44.46M	14.80M	2.84M	1.86M
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 Assets	217.99M	428.52M	362.54M	231.91M	34.55M
Cash, Cash Equivalents and Short-Term Investments	55.40M	121.69M	36.56M	174.79M	22.34M
Total Debt	10.77M	17.94M	5.49M	2.09M	1.56M
Total Liabilities	99.29M	139.12M	101.58M	18.08M	7.39M
Stockholders Equity	118.70M	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: Positive
• Last Price: 0.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 0.96 is above the 20-day moving average (MA) of 0.94, above the 50-day MA of 0.85, and below the 200-day MA of 1.23, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 54.02 is Neutral, neither overbought nor oversold. The STOCH value of 29.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BLNK.

Blink Charging Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	€8.10B	20.81	6.46%	2.90%	1.89%	-38.99%
CBAT	59 Neutral	$92.64M	282.50	0.31%	―	-30.85%	-95.67%
FLUX	58 Neutral	$31.45M	―	-1582.76%	―	-1.45%	-15.76%
BLNK	51 Neutral	$97.58M	―	-101.00%	―	-30.11%	28.84%
HIHO	47 Neutral	$7.22M	65.15	1.64%	12.74%	17.26%	―
FCEL	45 Neutral	$113.73M	―	-20.52%	―	48.62%	0.23%
DFLI	39 Underperform	$5.76M	―	-3420.59%	―	-11.38%	-9.63%

Blink Charging Co Corporate Events

Blink Charging Co Holds Annual Stockholders Meeting

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.

Blink Charging Co Appoints New Chief Financial Officer

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.

Blink Charging Co Appoints Interim CFO Robert Strauss

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.

Blink Charging Co Amends Merger Agreement Terms

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.

Blink Charging Co Announces Strategic Restructuring Plan

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.

Blink Charging Co Receives Nasdaq Delisting Notice

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.

Blink Charging Co Extends Aviv Hillo’s Employment

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.