Wallbox Nv Stock Price, News & Analysis

Wallbox (NYSE: WBX), a global leader in EV charging and energy management solutions, has secured a $10 million investment through a private placement of 26,707,142 Class A ordinary shares. The investment comes from key stakeholders including Iberdrola's subsidiary (Inversiones Financieras Perseo), Orilla Asset Management, CEO and Co-Founder Enric Asunción, and other existing shareholders.

The funding aims to strengthen Wallbox's balance sheet, support global sales of its EV chargers, and advance the company's journey toward profitability. The private placement closed on February 21, 2025, with more details to be shared during Wallbox's Fourth Quarter and Full Year 2024 earnings call on February 26.

Wallbox (NYSE: WBX) and EV charge point operator Believ have announced a strategic partnership to deploy rapid and ultra-rapid charging solutions across the United Kingdom. The collaboration will introduce Wallbox's DC fast charging portfolio, including 60kW, 120kW, 150kW, and 220kW Supernova models.

The partnership has already achieved its first milestone with an initial installation in Scotland, marking the beginning of a nationwide rollout. The charging stations will be strategically placed along major travel routes and at retail destinations where drivers typically spend less time.

Believ, supported by Liberty Global and Zouk Capital, which manages the HM Treasury-backed Charging Infrastructure Investment Fund (CIIF), will utilize Wallbox's scalable technology to enhance the UK's charging infrastructure.

Wallbox (NYSE: WBX), a leading provider of EV charging and energy management solutions, has scheduled its Q4 and full year 2024 financial results release for Wednesday, February 26, 2025, before market opens. The company will host a webcast at 8:00 AM ET (2:00 PM CET) featuring CEO Enric Asunción and CFO Luis Boada, who will discuss the results and provide a business update, followed by a Q&A session. The webcast will be accessible through the company's investor relations website, with materials available for future download.

Bioptimus has secured a total funding of $76 million, including a recent $41 million investment led by Cathay Innovation. The company, which successfully launched the world's largest AI foundation model for pathology (H-Optimus-0) in July, is preparing to release a breakthrough multi-scale, multi-modal foundation model for biology in 2025.

The H-Optimus-0 model has demonstrated superior performance in independent benchmarks, including evaluations by Harvard Medical School's HEST program and the University of Leeds, particularly in predicting gene expression from morphology and subtyping ovarian cancer.

The company aims to break down traditional research silos by integrating data across multiple scales (molecules, cells, tissues, organisms) and modalities (imaging, genetics, etc.). The funding will support platform enhancement, strategic partnerships with pharmaceutical and biotech companies, and dataset expansion.

Wallbox (NYSE:WBX) has achieved a significant milestone as its Quasar 2 bidirectional charger received UL Solutions certification for the U.S. market. The device is the first bidirectional charger with a CCS1 connector to meet principal safety standards for DC EV chargers.

The Quasar 2, expected to launch soon, enables advanced V2X functionality and can power homes during outages. The compact device is designed for residential installations and is compatible with EVs using ISO 15118-20, the industry standard for bidirectional charging.

The certification includes compliance with multiple UL standards: UL 9741 (2nd edition), UL 2231-2 for protection systems, and UL 1741 for interconnection system equipment. This certification validates Wallbox's engineering capabilities and positions the company at the forefront of EV charging innovation.

Wallbox (NYSE: WBX) has received notice from the New York Stock Exchange on November 21, 2024, regarding non-compliance with listing standards as its Class A ordinary shares' average closing price fell below $1.00 over a consecutive 30-day trading period.

The company has a six-month cure period to regain compliance, which can be achieved if the stock closes at $1.00 or above on the last trading day of any calendar month and maintains an average closing price of at least $1.00 over a 30-day trading period. On December 2, 2024, Wallbox notified the NYSE of its intention to cure the deficiency.

The notice does not immediately impact the listing of Wallbox's shares, which will continue trading on the NYSE, subject to compliance with other listing standards. The company maintains its focus on business operations and strategic priorities in EV charging solutions.

Range, an AI WealthTech platform, secured $28 million in Series B funding led by Cathay Innovation, bringing total funding to $40 million. The company's AI engine, Rai, delivers wealth management advice 10-20x faster while saving members 75-90% in fees compared to traditional advisors. Since its 2021 founding, Range has attracted over 1,000 high-net-worth members and manages nearly $3 billion in assets. The platform is experiencing 20% month-over-month membership growth and operates on a transparent flat-fee model, integrating investment services, tax planning, estate planning, retirement planning, and insurance needs.

Wallbox (NYSE: WBX) announced that its Supernova DC fast charger has received Germany's Eichrecht certification, marking a significant expansion into DC fast charging in one of Europe's largest EV markets. The certification is essential for selling chargers in Germany's public segment and opens opportunities across the DACH region. According to Rho Motion, Germany will have over 22,000 DC fast chargers by year-end, with projections of 150,000 additional units in the next decade - a 680% growth. Supernova becomes Wallbox's third product and first fast charger to achieve Eichrecht compliance, which ensures accuracy in energy measurement and billing for public charging infrastructure.

Wallbox (NYSE:WBX) reported Q3 2024 financial results with revenue of €34.7 million, up 7% year-over-year (12% excluding a €1.6M one-off charge). The company showed strong performance in North America with 45% YoY growth, outperforming the local EV market's 4% growth. Year-to-date revenue growth reached 26% compared to the previous year. For Q4 2024, Wallbox expects revenue between €40-45M (23-38% YoY growth), gross margin of 38-40%, and negative adjusted EBITDA of €(7-10)M. The company is implementing a new business unit-driven model to address slower-than-expected EV market growth and optimize operations.