What Happened?
Shares of EV charging infrastructure provider Blink Charging (NASDAQ: BLNK) fell 11.7% in the afternoon session after the company reported weak first quarter 2025 results: Its revenue missed significantly and its EBITDA fell short of Wall Street's estimates. Most of the damage came from a sharp drop in product sales, which fell nearly 70% and pulled revenue down about 45%. Gross margin held flat, but higher fixed costs and shrinking sales volumes weighed on profits. While management hinted that order volumes improved in April, it is not clear how much growth that will translate to, though sequential improvement was expected. Overall, this was a weaker quarter.
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What The Market Is Telling Us
Blink Charging’s shares are extremely volatile and have had 69 moves greater than 5% over the last year. But moves this big are rare even for Blink Charging and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 21 days ago when the stock gained 7.9% on the news that investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as "unsustainable," and emphasized that a potential agreement between the two economic powers "was possible." His comments signaled to markets that both sides might be motivated to seek common ground, raising expectations for reduced tariffs and more stability across markets.
Blink Charging is down 48.7% since the beginning of the year, and at $0.77 per share, it is trading 79.2% below its 52-week high of $3.70 from July 2024. Investors who bought $1,000 worth of Blink Charging’s shares 5 years ago would now be looking at an investment worth $445.09.
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