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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 (NYSE:WBX), a leader in electric vehicle charging and energy management, announced its participation in key investor events in December 2022. The events include the Credit Suisse Virtual Climate Tech Conference on December 6, the Janney Montgomery Scott Energy Transition Forum on December 13 in San Francisco, and the UBS Virtual Electric Grid Summit on December 15. These meetings will feature executives discussing Wallbox's strategy and opportunities, aimed at enhancing engagement with institutional investors.

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Wallbox (NYSE:WBX) reported a remarkable third quarter for 2022, achieving a record revenue of €44.1 million, representing a 140% year-over-year increase. The company also reached gross margins of 41.4% and sold approximately 67,000 chargers, up 93% from the prior year. North America saw exceptional growth of 535%. The company began production in Arlington, Texas, and announced strategic partnerships with Fisker and an expanded collaboration with Uber. Looking ahead, Wallbox projects Q4 revenues between €42 million and €52 million, indicating strong future performance.

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Wallbox and Uber have partnered to provide discounted home EV chargers for Uber drivers in seven European countries, supporting the shift to electric vehicles.

Uber aims for a zero-emissions platform in Europe by 2030, with plans for 50% of its kilometers to be electric by 2025.

Drivers are adopting electric vehicles nearly five times faster than typical European car owners, with 6.2% of Uber's driven kilometers now fully electric. The partnership addresses the challenge of charging accessibility for these drivers.

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Wallbox has inaugurated its first North American manufacturing facility in Arlington, Texas, backed by a $70 million investment. The factory aims to produce over 250,000 EV chargers in 2022 and surpass 1 million by 2030, supporting approximately 700 local jobs by 2030. A live demo of their Hypernova charger showcased high-speed charging capabilities, adding up to 100 miles of range in just five minutes. This facility also aims to meet the Buy America requirements, reinforcing Wallbox's commitment to the U.S. market and energy transition.

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Wallbox (NYSE: WBX) plans to release its third-quarter 2022 financial results on November 9, 2022, before market open. A webcast will follow at 8:00 AM ET, featuring comments from CEO Enric Asunción and CFO Jordi Lainz, along with a Q&A session. Wallbox, headquartered in Barcelona, is a prominent EV charging and energy management solutions provider, focusing on innovative systems to improve energy consumption and sustainability globally.

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Fisker Inc. (NYSE: FSR) has partnered with Wallbox (NYSE: WBX) to offer home EV charging solutions, enhancing convenience for Fisker Ocean owners. Wallbox's Pulsar Plus chargers will be available via Fisker’s website in the U.S., Canada, and select European markets starting November 2022. The partnership includes installation services through Wallbox across Europe and by COIL in North America. Fisker aims to provide class-leading, accessible EV charging technology while promoting the transition to electric vehicles globally.

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Wallbox (NYSE:WBX) has launched a Shareholder Perks Program via the Stockperks app. This initiative allows shareholders to obtain discounts on Wallbox's Pulsar Plus EV home charging solutions. CFO Jordi Lainz highlighted the program's potential to enhance shareholder engagement by providing meaningful benefits. Stockperks aims to bridge the gap between investors and companies, enhancing community interaction and loyalty.

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Wallbox (NYSE:WBX), a global leader in electric vehicle charging and energy management solutions, will participate in the SHARE Series virtual event on September 12, 2022, at 10:00am ET. CFO Jordi Lainz and Vice President of Investor Relations Matt Tractenberg will overview the company and respond to audience queries. The event is aimed at retail investors and will be streamed live online, with an archived replay available for 90 days. Wallbox is committed to innovative energy solutions and operates globally.

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Wallbox (NYSE:WBX), a global leader in electric vehicle charging solutions, announced its participation in key investor-focused events. On August 17, 2022, VP of Investor Relations Matt Tractenberg will present at Baird's Virtual Access Day. CEO Enric Asuncion will speak at the Barclays CEO Energy-Power Conference on September 7, 2022. CFO Jordi Lainz will represent the company at Cowen’s Global Transportation and Sustainability Conference on September 9, 2022, and the NYSE Energy and Utilities Virtual Investor Access Day on September 14, 2022. Wallbox aims to engage with investors and showcase its growth strategy.

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Wallbox (NYSE:WBX) has announced the acquisition of COIL Inc, a leading EV charging installation service in the U.S. This strategic move enables Wallbox to enhance service offerings for partners, including Auto OEMs and utilities, providing a comprehensive solution for installation and maintenance of EV chargers. The acquisition follows the opening of new warehouses in North America and the upcoming production launch in Arlington, Texas. COIL's extensive service range includes Level 2 and Level 3 charging installations, electrical engineering, and a network of installation partners.

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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 $0.677 as of November 21, 2024.

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

The market cap of Wallbox N.V. (WBX) is approximately 158.2M.

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

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WBX Stock Data

158.18M
118.51M
56.63%
10.39%
1.17%
Electronic Components
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United States of America
Barcelona