Why Blink Charging (BLNK) Stock Is Nosediving

Shares of EV charging infrastructure provider Blink Charging (NASDAQ:BLNK) fell 7.4% in the afternoon session after investor concerns about the company’s financial health appeared to overshadow a new product announcement. The company announced the launch of its Shasta line of Level 2 electric vehicle chargers, which were designed for multifamily and fleet applications. Despite this positive development, reports highlighted the company’s financial struggles. Over the previous twelve months, Blink Charging’s revenue had declined by 33.7%, and it recorded a deeply negative operating margin of -82.3%. These figures pointed to significant underlying business challenges, which likely outweighed the optimism from the new product line and contributed to the stock’s decline.

The shares closed the day at $1.55, down 8.6% from previous close.

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Blink Charging’s shares are extremely volatile and have had 84 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 21 days ago when the stock gained 6.4% on the news that its UK subsidiary was selected by Bradford Council to deliver 104 electric vehicle (EV) charging ports. The deal was part of the first phase of the Local Electric Vehicle Infrastructure (LEVI) program. This initiative, partly financed by £282,000 in government funding, planned for a broader rollout of up to 1,000 new EV chargers at more than 230 sites throughout the district over the next two years. Under the agreement, Blink was set to install, own, and operate the chargers, which would be managed through the company’s app. This contract represented an expansion of Blink’s public charging infrastructure in the UK.

Blink Charging is up 4% since the beginning of the year, but at $1.56 per share, it is still trading 37.6% below its 52-week high of $2.50 from October 2025. Investors who bought $1,000 worth of Blink Charging’s shares 5 years ago would now be looking at an investment worth $170.49.

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