Blink Charging: HC Wainwright Raises Buy Rating to $5, Ups PT to $5.

Blink Charging: HC Wainwright Raises Buy Rating to $5, Ups PT to $5.

Blink Charging Co. (BLNK) received a significant upgrade from HC Wainwright & Co., with the investment firm raising its rating to "Buy" from "Neutral" and increasing its price target to $5 from $3 [1]. The upgrade comes on the heels of Blink's second-quarter 2025 earnings report, which saw mixed results with a revenue beat but an earnings per share (EPS) miss.

Blink Charging reported a revenue of $28.7 million for Q2 2025, surpassing the forecast of $25.19 million. However, the EPS came in at a loss of $0.26, falling short of the expected loss of $0.16. Despite the earnings miss, the company’s stock rose by 9.56% in aftermarket trading, reflecting investor optimism driven by strong revenue performance and strategic initiatives [2].

The upgrade from HC Wainwright is a vote of confidence in Blink's ability to navigate the competitive EV charging market. The firm cited Blink's strategic acquisition of Zometriq and the introduction of new product lines, such as the Shasta line, as positive factors contributing to the rating upgrade. Additionally, Blink's focus on service revenues, which grew by 46% year-over-year, was noted as a key driver of revenue growth.

Blink's financial health score of 1.83 (FAIR) and high stock volatility with a beta of 2.96 indicate significant potential for both upside and downside movements. Analysts' price targets range from $1 to $5, suggesting considerable upside from current levels [2].

Blink Charging anticipates continued sequential revenue growth throughout 2025, with improvements expected in product and service revenues. The company is also targeting a reduction in cash burn for the latter half of the year, focusing on operational efficiency and profitability [2].

In summary, Blink Charging's second-quarter 2025 results were marked by a robust revenue performance, despite a decline in EPS. The company's strategic initiatives and strong revenue growth have been recognized by HC Wainwright, leading to a positive rating upgrade and increased price target. Investors should closely monitor Blink's future earnings and strategic developments for potential upside opportunities.

References:
[1] https://www.investing.com/news/transcripts/earnings-call-transcript-blink-charging-q2-2025-sees-revenue-beat-eps-miss-93CH-4198751
[2] https://www.investing.com/news/analyst-ratings/mink-therapeutics-stock-rating-upgraded-to-buy-by-hc-wainwright-on-financial-results-93CH-3842499