Roth Capital Upgrades Blink Charging Co. (BLNK) to Buy

November 12, 2021 8:39 AM EST
Get Alerts BLNK Hot Sheet
Price: $16.64 +9.33%

Rating Summary:
    4 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 19 | New: 10
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Roth Capital analyst Craig Irwin upgraded Blink Charging Co. (NASDAQ: BLNK) from Neutral to Buy with a price target of $45.00 (from $37.00).

The analyst comments "We are upgrading shares of Blink to Buy (from Neutral) for improving business momentum that is likely to accelerate in 2H22 on greater availability of infrastructure subsidies. Mgmt's investment in growth over the past few quarters is yielding results, delivering 3Q21 revenue ahead, with now 37% of the company's footprint in international markets. The team's long tenure in EV charging positions it well, in our view, to benefit from a constructive environment, and we would be buyers for accelerating growth."

For an analyst ratings summary and ratings history on Blink Charging Co. click here. For more ratings news on Blink Charging Co. click here.

Shares of Blink Charging Co. closed at $35.51 yesterday.

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