BLNK - Blink Charging Could Be High Profile Casualty Of Drill, Baby, Drill

2025-09-29 10:49:58 ET

Blink Charging ( BLNK ) has a business model that is unprofitable and under pressure from back-to-back quarters of negative free cash flow ("FCF") that have made a position in the common shares a hard avoid. Critically, the policy backdrop of Trump's drill, baby, drill mantra stands to markedly slow down U.S. electric vehicle adoption. This will primarily come in the form of the rollback of EV emissions rules and purchase incentives, denting demand for new EVs and pushing the traditional automakers to renege on targets to move to fully electric lineups. Ford ( F ) has cancelled plans to create an all-electric 3-Row SUV and is pushing back the production of its electric F-150 as well as its electric transit van to 2028 from 2026. General Motors ( GM ) has been seeing a dip in EV sales, pushing back plans for an all-electric Chevrolet Silverado and GMC Sierra by a year to mid-2026. I last covered BLNK in February 2024....

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