Wallbox Nv Stock Price, News & Analysis

Wallbox (NYSE: WBX), a leader in electric vehicle (EV) charging solutions, is set to release its Q1 2023 financial results before the market opens on May 4, 2023. The company will host a live webcast at 8:00 AM ET to discuss these results, featuring remarks from key executives including CEO Enric Asunción. Wallbox, founded in 2015 and headquartered in Barcelona, operates in over 113 countries and employs around 1,250 people. The webcast will be accessible via their investor relations website, with a replay available after the event.

Wallbox (NYSE: WBX), a leader in electric vehicle (EV) charging solutions, has filed a prospectus supplement with the SEC for an at-the-market (ATM) equity offering program, allowing for the sale of shares worth up to $100 million. This funding initiative aims to provide the company with flexible capital access to support general corporate purposes such as capital expenditures, working capital, and potential acquisitions. The proposed sales will be conducted by Canaccord Genuity LLC and Oppenheimer & Co. Inc., and will occur based on market conditions and the company’s needs. The offering is part of the company’s ongoing efforts to enhance its financial position and operational strategy.

Wallbox (NYSE:WBX), a global leader in electric vehicle (EV) charging solutions, has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2022, with the Securities and Exchange Commission. The report is accessible through Wallbox's Investor Relations website and the SEC's site. Wallbox, founded in 2015 and headquartered in Barcelona, operates in over 113 countries and offers comprehensive EV charging and energy management solutions. The company employs over 1,250 staff across Europe, Asia, and the Americas, focusing on transforming energy consumption and sustainability.

Wallbox N.V. (NYSE: WBX) announced the appointment of two board observers, Dr. Dieter Zetsche and Justin Mirro, collectively bringing over 70 years of automotive experience. Dr. Zetsche, former Chairman of Daimler AG, and Mr. Mirro, Founder of Kensington Capital Partners, will guide Wallbox in its strategic direction and operational excellence. The company plans to seek shareholder approval to expand its board and elect them as directors at the 2023 Annual General Meeting. Wallbox aims to strengthen partnerships with leading automotive companies as it continues to grow in the EV sector.

Wallbox (NYSE:WBX), a leader in electric vehicle charging solutions, has announced its participation in several upcoming virtual investor events. On March 7, 2023, CEO Enric Asuncion will attend a virtual roadshow with TD Cowen Research. Following this, on March 13, 2023, Chief Innovation Officer Eduard Castañeda will join a fireside chat at Chardan’s Grid Innovation Virtual Summit. The final event is on March 23, 2023, where CFO Jordi Lainz and VP of Investor Relations Matt Tractenberg will discuss recent results and business strategy at the Bank of America Global Industrials Conference in London. Wallbox continues to expand its offerings across 113 countries.

Wallbox N.V. (NYSE:WBX) reported strong financial results for 2022, with revenues of €147 million, exceeding 100% growth year-over-year, and gross margins at 40.5%. The company launched new products, opened factories in Arlington and Barcelona, and formed strategic partnerships with major brands. In Q4 2022, revenue reached €37.3 million, up 44% from Q4 2021, driven by a remarkable 425% growth in North America. However, the CEO cautioned about challenges in Europe and lowered forecasts for 2023, projecting revenues between €240 million and €290 million, with gross margins around 38%. Despite these hurdles, Wallbox aims for profitability and a stronger market position.

Wallbox (NYSE: WBX) announced its compliance with the Biden administration's finalized EV charging infrastructure standards under the NEVI Formula Program. The company highlighted its Arlington, Texas manufacturing facility, which is expected to produce over 250,000 units in 2023 and over one million by 2030. Wallbox aims to support the growing demand for EV chargers, including its best-selling Pulsar Plus and the upcoming Hypernova and Quasar 2 models. The company emphasizes its commitment to U.S. manufacturing and job creation, having been recognized for significant U.S. investments.