Moody’s upgrades Agnico Eagle’s rating to A3 on debt reduction
Investing.com - H.C. Wainwright has reiterated its Buy rating and $5.00 price target on Blink Charging Co. (NASDAQ:BLNK), currently trading at $1.03 with a market cap of $105 million, following the company’s second-quarter 2025 financial results released on August 18. According to InvestingPro analysis, the stock appears undervalued despite showing significant volatility, with a notable 13% gain over the past week.
Blink Charging reported quarterly revenue of $28.7 million, representing a 14% year-over-year decline from $33.3 million in the second quarter of 2024, but a 38% sequential increase from $20.8 million in the first quarter of 2025. Revenue from company-owned charging stations grew to $7.7 million, up from $4.9 million in the same period last year. InvestingPro data reveals a broader trend of revenue challenges, with a 30% decline in the last twelve months. Subscribers can access 13 additional key insights about BLNK’s financial health and growth prospects.
The company posted a blended gross profit of $2.1 million, or 7.3% of revenues, down from $10.7 million or 32.2% of revenues in the second quarter of 2024. The decline was attributed to negative 17.7% product margins resulting from $6.4 million in non-cash charges related to obsolete inventory adjustments and write-downs of capitalized costs for incomplete projects.
Operating expenses increased to $34.3 million from $31.4 million in the prior-year quarter, driven by higher general and administrative expenses. These included $10.1 million of largely one-time, non-cash charges primarily related to asset impairment, fair value changes in Envoy consideration payable, stock-based compensation, and doubtful accounts receivable reserves.
Blink Charging reported a net loss of $32.0 million or $0.31 per share for the quarter, compared to a loss of $20.1 million or $0.20 per share during the second quarter of 2024, and ended the period with $25.4 million in cash and cash equivalents.
In other recent news, Blink Charging Co. reported its second-quarter 2025 earnings with a mixed outcome. The company achieved a revenue of $28.7 million, surpassing analysts’ expectations of $25.19 million. However, the earnings per share (EPS) did not meet projections, posting a loss of $0.26 against the anticipated loss of $0.16. Despite the EPS miss, investors showed optimism due to the strong revenue performance. Needham has maintained its Hold rating on Blink Charging, highlighting a balanced outlook between improving fundamentals and ongoing structural challenges in the electric vehicle charging sector. The research firm pointed out several positive developments, such as sequential growth execution and strategic acquisitions that have enhanced Blink Charging’s product and technology offerings. These recent developments indicate a dynamic phase for Blink Charging amid evolving market conditions.
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