Wallbox N.V., a technology company, creates electric vehicle charging and energy management systems that redefine users' relationship to the grid. It provides a portfolio of charging and energy management solutions for residential, semi-public, and public use worldwide. The company was founded in 2015 and is based in Barcelona, Spain.
IPO Year:
Exchange: NYSE
Website: wallbox.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/30/2024 | Buy → Hold | Stifel | |
10/19/2023 | $2.25 | Buy → Neutral | Chardan Capital Markets |
9/27/2023 | $5.00 → $3.00 | Buy → Neutral | UBS |
8/3/2023 | $4.00 | Outperform → Market Perform | TD Cowen |
11/22/2022 | $16.00 | Outperform | Northland Capital |
9/7/2022 | $14.00 | Outperform | Credit Suisse |
8/5/2022 | $14.00 | Overweight | Barclays |
7/13/2022 | $14.00 | Buy | Canaccord Genuity |
5/25/2022 | $14.00 | Outperform | Cowen |
3/31/2022 | $19.00 | Buy | Chardan Capital Markets |
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Integration makes it easy for EV drivers to access the benefits of utility programs, helping programs scaleEnergyHub, a top provider of grid-edge flexibility, and Wallbox, (NYSE:WBX) a global leader in electric vehicle (EV) charging and energy management, announce they've partnered to make the benefits of utility programs for EV managed charging accessible to Wallbox customers across North America.
Distributors To Access Bundles Including Wallbox's DC Fast Charger Supernova 180 And Level 2 Charger Pulsar Pro Along With ChargeLab's Smart Software Solutions
Canaccord Genuity analyst George Gianarikas maintains Wallbox (NYSE:WBX) with a Buy and lowers the price target from $4 to $3.25.
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced preliminary second quarter 2024 revenue of approximately €49 million, representing nearly 50% year-over-year growth and double digit quarter-over-quarter growth. The primary growth driver for the second quarter was the US market, which experienced over 65% year-over-year revenue growth from increased sales of Wallbox's award-winning home AC chargers and public DC fast chargers. More detailed financial results for the second quarter of 2024 will be released before the market opens on Thursday, August 1, 2024. The company will host a webcast at 8:00 AM ET (2:00 PM
Canaccord Genuity analyst George Gianarikas maintains Wallbox (NYSE:WBX) with a Buy and lowers the price target from $5 to $4.
Wallbox (NYSE:WBX) reported quarterly sales of €43.100 million which missed the analyst consensus estimate of €52.538 million by 17.96 percent.
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging solutions, today announced that its Supernova DC fast charger was successfully certified for conformity according to Germany's Eichrecht regulation. Receiving the Eichrecht certification marks a significant step towards Wallbox's expansion into DC fast charging in one of Europe's largest EV markets, and the launch of Wallbox's highest Power-to-Footprint ratio charger yet. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121186368/en/Wallbox DC fast charger, Supernova Passes Germany's Eichrecht Certification (Photo: Business Wire) The Eichrecht certificatio
Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle ("EV") charging and energy management solutions worldwide, today announced its financial results for the third quarter ended September 30, 2024 and provided a business update. Third Quarter 2024 Highlights and Business Update: Generated revenue of €34.7 million, representing an increase of 7% compared to the same period last year. Excluding a one-off revenue charge of €1.6 million during the quarter, year over year growth was 12% Exceptional performance in the North American market with 45% year-over-year revenue growth, significantly higher than the EV market growth of 4%1. This further diversifies the geographical footpr
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging solutions, today announced that the Wallbox Group had surpassed the milestone of one million EV chargers sold worldwide as of the end of Q2 2024. This accumulated figure includes ABL's EV charger sales. The news follows the positive reception of the company's growing portfolio, which includes the introduction of ABL's EM4 into the group's international offering, as well as the launch of the Supernova 180 and Pulsar Pro into the North American market. "Surpassing the milestone of 1 million EV chargers sold is a testament to the strength of the Wallbox Group and our commitment to accelerating the global transition to e
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced that it will release its financial results for the third quarter of 2024 before market opens on Wednesday, November 6, 2024. The company will host a webcast at 8:00 AM ET (2:00 PM CET), to discuss these results and provide a business update. The prepared remarks by Enric Asunción, co-founder and Chief Executive Officer, and Luis Boada, Chief Financial Officer, will be followed by a question and answer session. Please visit this link, which is also accessible on the ‘Events & Presentations' section of the company's investor relations website, investors.wallbox.
Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle ("EV") charging and energy management solutions worldwide, today announced its financial results for the second quarter ended June 30, 2024 and provided a business update. Second Quarter 2024 Highlights and Business Update: Generated revenue of €48.8 million, our highest revenue grossing quarter to date, representing an increase of 48% compared to the same period last year Strong performance in the North American market for both AC and DC sales, which experienced over 65% year-over-year revenue growth, faster than the EV market Continuous growth in our DC sales with 64% growth globally compared to the same period las
The investment is led by Generac Power Systems and includes existing Wallbox shareholders Wallbox (NYSE:WBX), a global leader in smart electric vehicle (EV) charging and energy management solutions announced that it had received a $45 million investment, which includes $35 million from lead investor, Generac Power Systems, Inc. (NYSE:GNRC), a leading global designer and manufacturer of energy technology solutions and other power products. The strategic investment reinforces the partnership with Generac and highlights Wallbox's strong position in the market. This investment strengthens Wallbox's balance sheet and provides capital to accelerate the company's ability to manufacture and sel
Integration makes it easy for EV drivers to access the benefits of utility programs, helping programs scale EnergyHub, a top provider of grid-edge flexibility, and Wallbox, (NYSE:WBX) a global leader in electric vehicle (EV) charging and energy management, announce they've partnered to make the benefits of utility programs for EV managed charging accessible to Wallbox customers across North America. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723119276/en/ Integration of Wallbox EV chargers with EnergyHub's platform expands the number of devices eligible to participate in utility active and passive managed charging progr
The strategic partnership will give distributors access to hardware and software bundles that include Wallbox's DC fast charger, Supernova 180, and their commercial Level 2 charger Pulsar Pro. Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging solutions, and ChargeLab, a pioneering EV charging software provider, announce a strategic partnership to streamline commercial EV charger deployments across North America. This collaboration integrates cutting-edge hardware and smart software to offer distributors a bundled solution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240717492489/en/Wallbox expands com
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced preliminary second quarter 2024 revenue of approximately €49 million, representing nearly 50% year-over-year growth and double digit quarter-over-quarter growth. The primary growth driver for the second quarter was the US market, which experienced over 65% year-over-year revenue growth from increased sales of Wallbox's award-winning home AC chargers and public DC fast chargers. More detailed financial results for the second quarter of 2024 will be released before the market opens on Thursday, August 1, 2024. The company will host a webcast at 8:00 AM ET (2:00 P
Following the successful launch of Supernova 180 in North America, Wallbox launches Supernova 220 in the EU and ROW* to meet the increasing demand for a broader and higher power range of DC fast chargers from Wallbox Supernova 220 delivers a 220 kW output with a footprint of just 3.48 ft², making it one of the highest power-to-footprint ratio chargers in the DC fast charging market Wallbox Chargers, a global leader in electric vehicle charging and energy management solutions, announced the launch of the next generation of their Supernova DC fast charger, Supernova 220. The newest addition to the product family is designed to charge at up to 220 kW, meaning that it can fully charge a pas
Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle ("EV") charging and energy management solutions worldwide, today announced its financial results for the third quarter ended September 30, 2024 and provided a business update. Third Quarter 2024 Highlights and Business Update: Generated revenue of €34.7 million, representing an increase of 7% compared to the same period last year. Excluding a one-off revenue charge of €1.6 million during the quarter, year over year growth was 12% Exceptional performance in the North American market with 45% year-over-year revenue growth, significantly higher than the EV market growth of 4%1. This further diversifies the geographical footpr
Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle ("EV") charging and energy management solutions worldwide, today announced its financial results for the second quarter ended June 30, 2024 and provided a business update. Second Quarter 2024 Highlights and Business Update: Generated revenue of €48.8 million, our highest revenue grossing quarter to date, representing an increase of 48% compared to the same period last year Strong performance in the North American market for both AC and DC sales, which experienced over 65% year-over-year revenue growth, faster than the EV market Continuous growth in our DC sales with 64% growth globally compared to the same period las
Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle ("EV") charging and energy management solutions worldwide, today announced its financial results for the first quarter ended March 31, 2024 and provided a business update. First Quarter 2024 Highlights and Business Update: Generated revenue of €43.1 million, an increase of approximately 23% compared to the same prior year period Realized gross margins of 39.6%, which is a 600 basis point improvement from the previous quarter Installed and delivered the first units of Supernova 180 DC fast charger in North America Continued successful integration of ABL, which is now benefiting from Wallbox's sales channels Laun
Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle ("EV") charging and energy management solutions worldwide, today announced its financial results for the fourth quarter and full year ended December 31, 2023 and provided a business update. Fourth Quarter 2023 Highlights and Business Update: Generated revenue of €43.3 million, representing growth of approximately 34% compared to the prior year period Delivered almost 500 units of Supernova in the fourth quarter Realized gross margins of 32.8% Exceeded cost reduction targets for the fourth quarter, driving more than €4.8 million in savings compared to the prior quarter Improved adjusted EBITDA by 54% from the ye
WAUKESHA, Wis., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Generac Holdings Inc. (NYSE:GNRC) ("Generac" or the "Company"), a leading global designer and manufacturer of energy technology solutions and other power products, today reported financial results for its fourth quarter and full-year ended December 31, 2023 and initiated its outlook for the full-year 2024. Fourth Quarter 2023 Highlights Net sales increased 1% to $1.06 billion during the fourth quarter of 2023 as compared to $1.05 billion in the prior-year fourth quarter. Core sales, which excludes both the impact of acquisitions and foreign currency, were approximately flat from the prior year period. Residential product sales increased 1
Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle ("EV") charging and energy management solutions worldwide, today announced its financial results for the third quarter ended September 30, 2023 and provided a business update. Third Quarter 2023 Highlights and Business Update: Generated revenue of €32.5 million. Delivered gross margins of 35%, a 530 basis point sequential improvement. Exceeded cost reduction targets in Q3 2023, driving almost €39 million in savings this year. Activated almost 50,000 AC chargers globally through distribution partners and installers in the third quarter of 2023, an increase of 30% as compared to the prior year period. Drove 285%
Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle ("EV") charging and energy management solutions worldwide, today announced its financial results for the second quarter ended June 30, 2023 and provided a business update. Second Quarter 2023 Highlights: Grew U.S. sales by 67% compared to the same year-ago period Delivered almost 350 units of Supernova DC fast chargers in the quarter, representing more than 700% growth compared to the same prior year period Record number of AC chargers delivered by distribution partners and installers in the second quarter, an increase of 18% as compared to the second quarter 2022 Reduced quarterly cash expenses by €12.3 million f
Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its financial results for the first quarter ended March 31, 2023 and provided a business update. First Quarter 2023 Highlights: Successfully executed its cost reduction program, driving almost €10 million of cash savings from the previous quarter Achieved gross margins on 36.8%, a sequential improvement of 90 basis points Announced new products and capabilities including Pulsar Pro, ENERGY STAR, Supernova 180, and Supernova Gen2, which open new opportunities and expand the addressable market Generated revenues of €35.1 million, an increase
Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its financial results for the fourth quarter and full year ended December 31, 2022 and provided a business update. Full Year 2022 Highlights: Opened two new state of the art factories, one in Arlington, Texas, the other in Barcelona, Spain Sold more than 230,000 chargers worldwide Acquired two attractive companies, ARES Electronics and Coil, Inc. Launched Supernova, a new public DC fast charger Generated record revenues of €147 million, an increase of more than 100% compared to 2021, and achieved gross margins1 of 40.5% Announced strategic par
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its financial results for the third quarter ended September 30, 2022, and provided a business update. Third Quarter 2022 Highlights: ● Generated record revenues of €44.1 million, an increase of 140% compared to the third quarter of 2021, and achieved gross margins of 41.4% ● Delivered exceptional revenue growth of 535% in North America and received first orders of Hypernova, a 400kW DC fast charging station that is designed to satisfy current U.S. government subsidy requirements. ● Sold approximately 67,000 chargers, a 93% increase compared to the third quar
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Stifel downgraded Wallbox from Buy to Hold
Chardan Capital Markets downgraded Wallbox from Buy to Neutral and set a new price target of $2.25
UBS downgraded Wallbox from Buy to Neutral and set a new price target of $3.00 from $5.00 previously
TD Cowen downgraded Wallbox from Outperform to Market Perform and set a new price target of $4.00
Northland Capital initiated coverage of Wallbox with a rating of Outperform and set a new price target of $16.00
Credit Suisse initiated coverage of Wallbox with a rating of Outperform and set a new price target of $14.00
Barclays initiated coverage of Wallbox with a rating of Overweight and set a new price target of $14.00
Canaccord Genuity initiated coverage of Wallbox with a rating of Buy and set a new price target of $14.00
Cowen initiated coverage of Wallbox with a rating of Outperform and set a new price target of $14.00
Chardan Capital Markets initiated coverage of Wallbox with a rating of Buy and set a new price target of $19.00
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging solutions, today announced the addition of three new members to its Board of Directors at its 2024 Annual General Meeting of Shareholders. The three new Directors voted in by shareholders at this year's Annual General Meeting include Jordi Lainz, who previously served as Wallbox CFO for close to six years; Ferdinand Schlutius, Co-CEO of ABL, a pioneer in EV charging solutions in Germany which was acquired by Wallbox in 2023; and Paolo Campinoti, Executive Vice President with commercial responsibility over EMEA, APAC and LATAM for Generac, which is a minority investor in Wallbox. Full bios on the three new Directors f
Wallbox, a global leader in electric vehicle (EV) charging and energy management solutions, announced a number of key strategic milestones since their acquisition of ABL, an industry pioneer and German leader in EV charging. The integration of ABL into the Wallbox Group has already yielded encouraging results that will strengthen both companies' ability to support the EV transition. "We are immensely proud of what we have achieved in the first six months following Wallbox's acquisition of ABL," said Jaume Ferre, Co-CEO of ABL and CTO of Wallbox. "The synergies between our companies have allowed us to move forward quickly with product integrations. We only expect this cadence to continue a
Wallbox (NYSE:WBX), a global leader in electric vehicle (EV) charging and energy management solutions, today announced that Luis Boada will join Wallbox as Chief Financial Officer effective May 15, 2024. Following a transition period, Wallbox will propose the appointment of Jordi Lainz as a member of the Board of Directors during the 2024 Annual General Meeting of shareholders. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240410866017/en/Wallbox Appoints Luis Boada as Chief Financial Officer (Photo: Business Wire) Luis Boada has close to two decades of experience in corporate development, finance, and investor relations with e
Wallbox (NYSE:WBX) a global leader in electric vehicle (EV) charging and energy management solutions, today announced a partnership with Bidirectional Energy, a bidirectional EV energy management software platform, that has culminated in both companies being selected to receive significant funding from the highly competitive CEC REDWDS grant. The companies plan to offer Wallbox's second-generation DC bidirectional charger, Quasar 2, with the Bidirectional Energy EV charger management platform, starting in the first half of 2024. The California Energy Commission's (CEC) Clean Transportation Program provides up to $100 million in annual funding to support innovation and accelerate the devel
Former ChargePoint Executive Joins Global EV Charging Leader Wallbox (NYSE:WBX), a leading provider of electric vehicle ("EV") charging and energy management solutions worldwide, today announced the appointment of Erik Fogelberg as General Manager of North America. Fogelberg will spearhead Wallbox's commercial operations, overseeing sales, marketing, and customer service in North America. Fogelberg has over three decades of business experience and a comprehensive track record building solution-based sales organizations. He most recently served as the Vice President of North America Sales at ChargePoint, where he was responsible for all AC and DC-fast charger sales in the region. Prior
Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced the appointment of two board observers who will collectively bring over 70 years of automotive experience. Dr. Dieter Zetsche, Chairman of TUI AG and former Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz (XETRA: MBG), and Justin Mirro, Founder and President of Kensington Capital Partners LLC will serve the Wallbox board as observers to further strengthen its operational excellence. Dr. Zetsche and Mr. Mirro will leverage their collective skills and expertise from operating and advising some of the world's leading automotive com
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced the appointment of Cesar Ruipérez to the Wallbox Board of Directors and named him as Chairperson of Wallbox's Nominating and Corporate Governance Committee. He will fill the seat previously held by Diego Diaz. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221215005504/en/Wallbox Appoints Cesar Ruipérez to Board of Directors. (Photo: Business Wire) Mr. Ruipérez has served as a Director of Corporate Development at Iberdrola, S.A., a Spanish multinational electric utility company, since October 2008. A
Wallbox strengthens its corporate structure with the creation of a new communications and public affairs department that will be led by Myriam Lhermurier Boublil, who has an international professional career with 25 years of experience, creating and leading teams in companies such as Google and PayPal across the world. Javier Riaño, who holds 24 years of experience in directive positions within the consumer goods industry, will be the company's new Chief Marketing Officer, leading Wallbox's global Marketing, E-Commerce and Brand teams. Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions, has today announced two strategic hirings
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its appointment of Donna J Kinzel to the Wallbox Board of Directors and named her as independent chair of its Audit Committee during its Annual general Meeting of Shareholders on June 22nd. Ms. Kinzel is a financial executive with over 20 years of progressive experience in nonprofit and public company cash management, SOX compliance, and accounting and risk management. Prior to her current role, Donna served as Senior Vice President, Chief Financial Officer and Treasurer of Pepco Holdings, a leading U.S. utility provider. In this role, she oversaw the financia
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced the appointment of Matthew Tractenberg as vice president, investor relations (IR). Mr. Tractenberg will be responsible for developing and growing relationships across the investment and analyst communities and will be based in the US. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220303005486/en/Matthew Tractenberg, Vice President of Investor Relations at Wallbox (Photo: Business Wire) "Having a knowledgeable and experienced investor relations officer is critical as we grow awareness within the inve