Needham maintains Hold rating on Blink Charging stock amid mixed outlook

Investing.com - Needham has reiterated its Hold rating on Blink Charging Co. (NASDAQ:BLNK), currently trading at $1.03 with a market capitalization of $105 million, citing a balanced outlook between improving fundamentals and ongoing structural challenges in the EV charging sector. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value calculation.

The research firm acknowledged several positive developments at Blink Charging, including sequential growth execution, a shift toward higher-quality recurring revenues, and strategic acquisitions that have expanded the company’s product and technology offerings.

Needham also highlighted Blink’s expense reduction initiatives as evidence of increased discipline and improved capital efficiency within the organization.

Despite these improvements, Needham pointed to persistent headwinds including ongoing financial losses, liquidity constraints, and uncertainty surrounding the pace of electric vehicle adoption, which impacts charging station utilization rates and broader sentiment across the EV charging industry.

The firm concluded that Blink Charging’s current share price adequately reflects both the long-term opportunity and near-term challenges, resulting in what Needham views as a balanced risk/reward profile at current levels.

In other recent news, Blink Charging Co. reported its second-quarter 2025 earnings, showing a mixed performance. The company achieved a revenue of $28.7 million, which exceeded the forecast of $25.19 million. However, the earnings per share (EPS) revealed a loss of $0.26, missing the anticipated loss of $0.16. These results highlight a stronger-than-expected revenue performance despite the shortfall in EPS. Investor sentiment appeared positive, driven by the company’s robust revenue figures and ongoing strategic initiatives. The earnings report underscores the company’s ability to generate higher revenue, though challenges remain in achieving expected earnings. These developments are part of Blink Charging’s recent financial disclosures, providing insight into its current business trajectory.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.