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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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End-of-Day
-9.27%
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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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End-of-Day
-3.33%
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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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-11.34%
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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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End-of-Day
0.85%
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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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Rhea-AI Sentiment
End-of-Day
0.27%
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Wallbox expands nationwide with Best Buy for its Pulsar Plus EV chargers
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End-of-Day
1.11%
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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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End-of-Day
4.8%
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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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Rhea-AI Sentiment
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-1.43%
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-0.94%
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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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Rhea-AI Sentiment
End-of-Day
-7.29%
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Wallbox N.V.
NYSE:WBX
WBX Rankings
WBX Stock Data
311.80M
58.85M
53.31%
15.75%
1.51%
Optical Instrument and Lens Manufacturing
Manufacturing
United States of America
Barcelona
About WBX
wallbox is a company whose main goal is to design, manufacture and distribute innovative charging systems to support the advent of sustainable transport. our aim is to accelerate the change into a more sustainable ways of transportation by providing a comprehensive, simple and efective solution for the charging issues among electric vehicles. wallbox is focused in helping the ev industry to make electric and plug in hybrid cars an attractive alternative to more traditional ways of transportation. as well wallbox wants to reduce customer efforts during the purchasing process of evs and phev's. customer must conceive the charging process as simple and usual as we think about filling our cars with conventional fuel.