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Wallbox N.V. - WBX STOCK NEWS

Welcome to our dedicated page for Wallbox N.V. news (Ticker: WBX), a resource for investors and traders seeking the latest updates and insights on Wallbox N.V. stock.

Wallbox N.V. (symbol: WBX) is a trailblazer in the realm of electric vehicle (EV) charging and energy management solutions. The company is dedicated to designing, manufacturing, and distributing smart charging systems that simplify the user experience and promote the adoption of sustainable transportation. Wallbox’s innovative products facilitate seamless communication between users, vehicles, grids, buildings, and chargers, making the EV charging process as straightforward as refueling traditional vehicles.

Wallbox offers a comprehensive portfolio of smart charging solutions tailored for various applications, including residential, business, and public use. Their product range includes Level 2 alternating current (AC) chargers for home and business settings and direct current (DC) fast chargers designed for public use. These solutions are designed to cater to a diverse array of customer needs, ensuring faster and more efficient charging experiences.

Operating across three primary segments—Europe, Middle East, and Asia (EMEA), North America, and Asia-Pacific—Wallbox has established itself as a key player in the EV charging industry. The EMEA region stands out as the company's major revenue generator, underlining its significant influence in the market.

Recent achievements underscore Wallbox’s commitment to innovation and growth. The company has forged strategic partnerships and entered into collaborations that enhance its technological capabilities and market reach. These initiatives not only bolster Wallbox’s position in the industry but also contribute to the broader adoption of electric and plug-in hybrid vehicles (PHEVs).

Wallbox's mission extends beyond merely providing charging solutions; it aims to reduce the environmental footprint of transportation by making EV and PHEV ownership more accessible and convenient. By focusing on user-friendly products and comprehensive customer support, Wallbox helps in transforming the charging experience into a routine and uncomplicated task, comparable to filling up with conventional fuel.

Financially, Wallbox continues to demonstrate robust growth and a solid financial standing, driven by its expanding product lineup and strategic market presence. The company's emphasis on sustainability, innovation, and customer satisfaction positions it as a significant contributor to the future of sustainable transportation.

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Wallbox N.V. (WBX) announces strong financial results for Q4 2023 and FY 2023, showcasing revenue growth, cost reductions, and strategic partnerships. The company generated €43.3 million in Q4 revenue, a 34% increase YoY, with a gross margin of 32.8%. Adjusted EBITDA improved by 54% compared to the previous year. Full-year revenue reached €143.8 million, with a significant increase in DC revenue. Wallbox acquired ABL, the top EV charging company in Germany, and secured a strategic investment with Generac. The company raised €142.9 million in cash through debt and equity transactions, ending the year with €107 million in cash and equivalents. Wallbox also formed partnerships with Free2Move, Kia, and Costco, introducing new products like Pulsar Pro and Supernova 150. CEO Enric Asuncion expressed confidence in the company's future growth and profitability for 2024.
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Wallbox (WBX) launches Supernova 180 UL, its third-generation DC fast EV charger in North America, offering high power, small footprint, and innovative modular design. The charger has received design awards, supports broad EV compatibility, and can deliver up to 180 kW of charging power.
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Aegir Insights, a Copenhagen-based provider of offshore wind decision software and data, secures €8.5M in Series A funding led by Seaya Andromeda and Climentum Capital. The funds will enhance their web platform for offshore wind developers, investors, and governments, addressing the industry's growth and complexity.
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Wallbox (WBX) will release its financial results for Q4 and full year 2023 on February 28, 2024. A webcast will follow to discuss the results and provide a business update, with prepared remarks by the CEO and CFO. The webcast will be accessible through the company's investor relations website, and a replay will be available for future download.
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Wallbox (WBX) announced that its Supernova 180 has passed the UL 2202 certification for the American market, marking its readiness for North America. The DC fast charger is designed to support the needs of the North American market, offering up to 180 kW of charging power and the ability to charge two EVs concurrently. Wallbox has already sold almost 2,000 Supernovas worldwide and completed over 150,000 charging sessions since its launch last year. The company expects to begin the first deliveries of the product later this quarter.
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Wallbox (WBX) to Participate in 26th Annual Needham Growth Conference on January 16, 2024
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Wallbox (WBX) and WeaveGrid Partner to Expand Access to Utility Managed Charging Programs for North American EV Owners
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Wallbox (WBX) to Participate in DC Fast Charging Webcast for Investors
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Generac Power Systems, Inc. (GNRC) has made a minority investment in Wallbox (WBX), a global leader in smart electric vehicle (EV) charging and energy management solutions. The investment includes adding a Generac seat on Wallbox's board of directors and a global commercial agreement to provide Generac's residential and commercial customers with the next generation of energy management systems, including a bidirectional DC EV charger for the home. This strategic partnership aims to accelerate the development of energy ecosystems for businesses with public access and supports the joint vision of accelerating the energy transition through innovative and accessible energy solutions. As power consumption is projected to more than double by 2050 and the share of renewables in the power mix is projected to more than double in the next 20 years, the need for sophisticated technology that can manage energy generation, storage, and distribution between the current grid and next generation EVs is critical in order to accelerate the adoption of renewable energy.
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Wallbox (NYSE: WBX) and Atlante, a company of NHOA Group, have partnered to install 5,000 fast-charging points by 2025 and over 35,000 by 2030 across Spain, Italy, France, and Portugal. The project aims to create the first public electric vehicle charging network 100% powered by renewable energy sources. Atlante has chosen Wallbox as a preferred partner due to its production capacity and global leadership in the manufacturing of superfast chargers for EV.
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FAQ

What is the current stock price of Wallbox N.V. (WBX)?

The current stock price of Wallbox N.V. (WBX) is $0.68 as of November 22, 2024.

What is the market cap of Wallbox N.V. (WBX)?

The market cap of Wallbox N.V. (WBX) is approximately 172.1M.

What does Wallbox N.V. do?

Wallbox N.V. designs, manufactures, and distributes smart charging systems for electric vehicles to promote sustainable transportation.

What products does Wallbox offer?

Wallbox offers Level 2 AC chargers for residential and business use, as well as DC fast chargers for public applications.

In which regions does Wallbox operate?

Wallbox operates in Europe, Middle East, and Asia (EMEA), North America, and Asia-Pacific.

What is Wallbox's mission?

Wallbox aims to accelerate sustainable transportation by providing simple and effective EV charging solutions.

How does Wallbox support the EV industry?

Wallbox supports the EV industry by making electric and plug-in hybrid cars more attractive through innovative, user-friendly charging systems.

What recent achievements has Wallbox made?

Wallbox has achieved significant growth through strategic partnerships and technological advancements, enhancing its market presence.

How does Wallbox contribute to sustainability?

Wallbox contributes to sustainability by reducing the environmental impact of transportation with its efficient EV charging solutions.

What is the financial condition of Wallbox?

Wallbox demonstrates robust growth and solid financial standing, driven by its expanding product lineup and strategic market presence.

Why choose Wallbox for EV charging solutions?

Wallbox offers comprehensive, simple, and effective charging solutions that make the EV charging process as easy as refueling traditional vehicles.

What is the significance of Wallbox in the EV market?

Wallbox plays a crucial role in promoting the adoption of EVs and PHEVs by providing innovative and accessible charging solutions.

Wallbox N.V.

NYSE:WBX

WBX Rankings

WBX Stock Data

172.12M
118.51M
56.63%
10.39%
1.17%
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