Wallbox Nv Stock Price, News & Analysis

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.

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.

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.

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.

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.

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.

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.

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.

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.