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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. announces a strategic partnership with Osprey, a leading rapid EV charging network in the UK. The collaboration will begin with the installation of 125 units of Wallbox's Supernova DC rapid charger at Osprey low-voltage connection stations. The Supernova charger is designed for ease of use and reliability, offering a user-centric experience and scalable units to improve availability. Both companies aim to accelerate the transition to zero-emission transport.
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Wallbox and Bidirectional Energy have partnered to receive funding from the CEC REDWDS grant. They will offer Wallbox's Quasar 2 bidirectional charger with the Bidirectional Energy EV charger management platform. The partnership aims to deploy bidirectional chargers in California residential homes, providing benefits such as cost savings on utility bills and participation in vehicle-to-grid programs. If successful, additional funding will be available for further deployment across California. Quasar 2 has a Power Recovery feature that allows users to use their EV as a backup power source during outages. The partnership also aims to provide users with yearly energy bill savings of over $1,000 through utility programs and time-of-use rates.
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Wallbox acquires operations and assets of ABL GmbH for €15 million, enhancing its competitive position in key markets and accelerating its path to profitability.
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Wallbox (NYSE: WBX) will release its Q3 2023 financial results on November 9, 2023. A webcast will be held at 8:00 AM ET to discuss the results and provide a business update.
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Wallbox collaborates with Free2move eSolutions to offer EV charging solutions in North America. Free2move will provide Wallbox's Pulsar Plus AC Level 2 charger to dealerships, while Wallbox will offer Supernova 180, a 180kW DC fast charger. The collaboration aims to accelerate the production process and ensure the availability of next-generation EV charging solutions. Supernova 180 can add 100 miles of range in under 10 minutes. The collaboration will also enable faster home charging experiences for Stellantis' customers.
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Wallbox expands nationwide with Best Buy for its Pulsar Plus EV chargers
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Wallbox and Kia America plan to offer the Quasar 2 bidirectional charger to Kia EV9 customers starting in 2024. Quasar 2 allows EV owners to charge and discharge their vehicles to power their homes or send energy back to the grid. This charger can save users over $1,000 annually when combined with utility programs and time-of-use rates. It also offers backup power during outages. This collaboration aims to accelerate electrification and the transition to renewable energy sources.
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Wallbox (NYSE:WBX) announced its participation in upcoming institutional investor-focused events. On August 23, 2023, they will be at Janney Montgomery's Clean Energy Investor Event in San Francisco. On September 6, 2023, they will attend Barclays CEO Energy-Power Conference in New York. On September 12, 2023, they will be part of the NYSE Energy & Utilities Virtual Investor Access Day. On September 15, 2023, they will participate in the Detroit Auto Show EV Investor Conference. Finally, on September 19, 2023, they will be at Northland Capital Markets Institutional Investor Conference in Minneapolis, MN.
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Wallbox N.V. (NYSE:WBX) announced its financial results for Q2 2023, reporting a 67% growth in U.S. sales compared to the same period last year. They delivered almost 350 units of Supernova DC fast chargers, representing over 700% YoY growth. The company also achieved a record number of AC chargers delivered by distribution partners and installers, an 18% increase compared to Q2 2022. Wallbox reduced quarterly cash expenses by €12.3 million from Q4 2022 and announced a retail partnership with Costco. The reported revenue was €33.0 million, with adjusted revenues of €34.8 million, relatively flat compared to Q1 2023. Wallbox raised over $56 million in capital, resulting in a cash position of €111 million on June 30th.
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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 $0.865 as of November 1, 2024.

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

The market cap of Wallbox N.V. (WBX) is approximately 214.2M.

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

214.22M
230.59M
56.63%
10.4%
0.7%
Electronic Components
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