Oil prices extend losses as traders downplay Russia sanction risks
BOWIE, Md. - Blink Charging Co. (NASDAQ:BLNK), currently trading at $1 per share with a market capitalization of approximately $103 million, announced Tuesday a new partnership with Luxembourg-based Nexxtlab to provide enhanced energy management tools for businesses operating electric vehicle fleets across Europe. According to InvestingPro analysis, the company maintains a strong liquidity position with more cash than debt on its balance sheet, though it faces profitability challenges in the current market environment.
The collaboration integrates Blink’s EV charging locations throughout Belgium, the Netherlands, Germany, and Luxembourg with Nexxtlab’s Smartmaster platform. The system is designed to connect various components including inverters, EV chargers, and energy storage systems into a unified ecosystem. With a current ratio of 1.7, InvestingPro data shows the company maintains sufficient liquid assets to meet its short-term obligations, supporting its expansion initiatives.
According to the companies, the platform optimizes charging schedules based on renewable energy availability, user preferences, and expected vehicle downtime. The system aims to reduce operating costs by managing peak demand and eliminating demand charges.
"This collaboration is about supporting businesses through the next phase of the energy transition," said Mike Battaglia, CEO and President of Blink Charging, in a statement released by the company.
Olivier Piraux, CEO of Nexxtlab, described the Smartmaster platform as "asset-flexible," noting it can connect with various energy equipment to create an integrated management system.
The partnership focuses on creating a solution that aligns charging with locally generated renewable electricity while reducing grid impact. The companies state the platform will consider factors such as desired driving range and expected parking duration when scheduling charging sessions.
Blink Charging operates globally as a provider of EV charging equipment and services, while Nexxtlab specializes in energy management and digital transformation within the energy sector.
The announcement comes as businesses increasingly seek solutions to manage the complexities of transitioning to electric vehicle fleets.
In other recent news, Blink Charging Co. reported its second-quarter 2025 financial results, revealing a revenue of $28.7 million. This figure represents a 38% increase from the first quarter of 2025 and exceeded consensus estimates of $22 million. However, the company faced an earnings per share (EPS) loss of $0.26, which was below the expected loss of $0.16. Blink Charging’s revenue from company-owned charging stations increased to $7.7 million, up from $4.9 million in the same period last year.
Analysts have offered mixed ratings on Blink Charging’s stock. Both Benchmark and H.C. Wainwright reiterated their Buy ratings, with price targets of $2.00 and $5.00, respectively. Needham, however, maintained a Hold rating, citing a balanced outlook between improving fundamentals and ongoing structural challenges in the EV charging sector. The company’s strategic acquisitions and shift toward higher-quality recurring revenues were noted as positive developments. Despite the mixed earnings report, Blink Charging’s strong revenue performance has driven investor optimism.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.