Blink Charging: Market Weakness Dilutes Performance Upside


  • Blink Charging’s stock price has been softening in recent months, in line with the lacklustre performance of the EV sector.
  • Its revenue growth forecasts for 2024 aren’t encouraging either, though guidance can be upgraded after Q1’s performance, its own business developments and past history of upgrades.
  • The company’s improved gross margins and shrinking adjusted EBITDA loss also work in its favour.
  • However, the market multiples are unconvincing at a time when the EV market is softening in the US, making it a wait-and-watch situation.

An electric car plugged in against a background of a rural location at sunset

Justin Paget

Since I last wrote about the EV charging solutions provider Blink Charging (NASDAQ:BLNK) in November last year, its price is down by ~28%. This compares poorly with even the S&P Kensho Electric Vehicles index, which

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