Blink Charging Co. Acquisition and Financial Growth Earns Buy Rating

Blink Charging Co. maintains its Buy rating due to its strategic acquisition of Zemetric, which expands its product portfolio and brings experienced personnel to the management team. The company's financial results show positive growth in service revenues, despite some setbacks, and its focus on expanding the owned charging station portfolio is expected to drive further revenue increases. Analyst Sameer Joshi has a 22.5% average return and a 35.19% success rate.

Blink Charging Co. (NASDAQ: BLNK) reported its financial results for the second quarter of 2025, showcasing significant revenue growth and strategic acquisitions. The company's total revenues reached $28.7 million, a 38% increase from the previous quarter, driven by a 73% rise in product sales and a 46% increase in service revenues year-over-year [1].

Despite the positive revenue growth, Blink incurred approximately $16.5 million in one-time, non-cash charges, which may raise concerns about its financial stability. Additionally, gross profit declined to $2.1 million, or 7% of revenues, compared to 32% in the same quarter last year, indicating a sharp decline in profitability. The company also reported a net loss of $32 million for the quarter, up from a net loss of $20.1 million in the same period last year [1].

Blink's strategic acquisition of Zemetric, Inc., a charging infrastructure company, is expected to expand its product offerings and strengthen its position in the EV charging infrastructure market. The acquisition brings market-leading hardware, software, and service solutions designed to be interoperable and highly reliable. Zemetric's founding team, including Harmeet Singh, who now serves as Blink's Chief Technology Officer, has joined the company [1].

Following the close of the second quarter, Blink announced an agreement with the former shareholders of its wholly owned subsidiary, Envoy Technologies, Inc. The agreement releases Blink from all payment obligations and liability in exchange for stock and performance-based warrants [1].

Analyst Sameer Joshi from HC Wainwright & Co. issued a "Buy" rating on Blink Charging stock, with a price target of $5.00. The analyst has a 22.5% average return and a 35.19% success rate, indicating a strong track record [2].

Despite the setbacks, Blink remains optimistic about future revenue growth and operational efficiency as it continues to scale its charging infrastructure. The company's focus on expanding its owned charging station portfolio is expected to drive further revenue increases.

References:

[1] https://www.quiverquant.com/news/Blink+Charging+Co.+Reports+38%25+Sequential+Revenue+Growth+in+Q2+2025%2C+Acquires+Zemetric%2C+and+Streamlines+Operations
[2] https://www.quiverquant.com/analyst-ratings/$BLNK