WBX

Record Sales Performance: Kia America achieved its highest-ever March sales with 78,540 units sold, marking a 13.1% increase year-over-year and setting a record for the first quarter with total sales of 198,850 units, up 10.7% from the previous year.

Product Growth and Initiatives: The all-new K4 compact sedan saw consistent monthly sales growth since its launch, while key SUV models like Carnival, Telluride, and Sportage also reached record monthly sales; additionally, Kia announced the opening of a new manufacturing facility in Georgia, expected to create over 8,500 jobs.

Wallbox Achieves CTEP Certification: Wallbox's Supernova DC fast charger has received California Type Evaluation Program (CTEP) certification, ensuring compliance with California's standards for accuracy and transparency in EV charging, thus enhancing its growth potential in the North American market.

Impact on EV Infrastructure: The certification allows Wallbox to deploy its chargers across California's commercial network, providing consumers with reliable charging solutions and contributing to the improvement of the country's EV infrastructure.

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Analyst Rating and Price Target: Stifel Nicolaus analyst Stephen Gengaro has maintained a Hold rating on Wallbox (WBX) with a price target of $1.00, while the stock closed at $0.37 last Friday. The overall analyst consensus for Wallbox is a Moderate Buy with an average price target of $1.00.

Financial Performance and Insider Activity: Wallbox reported a quarterly revenue of $49.22 million and a GAAP net loss of $31.19 million, showing improvement from the previous year. However, insider sentiment is negative, with an increase in insiders selling shares compared to earlier this year.

Price Target Adjustment: Stifel has reduced Wallbox's price target to $1 from $1.50 while maintaining a Hold rating, citing tempered electric vehicle adoption rates but still supportive growth prospects.

Market Demand Insights: The demand for public charging infrastructure in the U.S. appears more favorable compared to home charger demand, according to the analyst's research note.

Availability of Quasar 2 Charger: Wallbox has announced the pre-order availability of the Quasar 2, a bidirectional charger compatible with the Kia EV9, allowing eligible owners to utilize Vehicle to Home (V2H) technology for energy backup during outages.

Benefits of V2H Technology: The V2H capability enables Kia EV9 owners to save on electricity bills by using stored energy during peak hours and provides power to homes during emergencies, enhancing the vehicle's functionality beyond mobility.

Pre-Order Announcement: Wallbox has announced the pre-order availability of the Quasar 2 bi-directional charger for eligible Kia EV9 owners, allowing them to utilize Vehicle to Home (V2H) capabilities for backup power during outages and potential savings on electricity bills.

Product Features and Availability: The Quasar 2 charger offers up to 12 kW of power and will retail for $6,440. Pre-orders are limited to specific states initially, with a nationwide rollout planned later.

Wallbox Launches Quasar 2 Charger: Wallbox has announced the pre-order availability of its new bi-directional charger, Quasar 2, for eligible Kia EV9 owners, allowing them to use their vehicles as a power source during outages and providing backup power for up to three days.

Features and Pricing: The Quasar 2 offers fast charging capabilities, a compact design, and Vehicle-to-Home functionality, retailing from $6,440. Pre-orders are limited to specific states initially, with installation recommended through certified providers.

Financial Performance: Wallbox N.V. reported a revenue of €37.4 million for Q4 2024, an 8% increase from the previous quarter, and a full-year revenue of €163.9 million, reflecting a 14% growth year-over-year, with significant gains in the North American market.

Operational Updates: The company achieved cost reductions of 10% in labor and operating expenses, launched new products including the Quasar 2 charger, and surpassed one million EV chargers sold globally, positioning itself for long-term profitable growth despite industry challenges.

Investment Announcement: Wallbox, a leader in electric vehicle charging solutions, has secured approximately $10 million in investment from various stakeholders including Iberdrola and its CEO Enric Asunción, enhancing its financial position for global expansion.

Strategic Goals: The funding aims to support Wallbox's mission of making EV charging more accessible and sustainable, while also reinforcing its commitment to clean energy and operational efficiency as it prepares for future profitability.

Investment Announcement: Wallbox (WBX) has secured an investment of approximately $10M from various investors, including Iberdrola’s subsidiary and its CEO, Enric Asuncion, to enhance its financial position and support global sales of EV chargers.

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Financial Results Announcement: Wallbox will release its financial results for Q4 and the full year of 2024 on February 26, 2025, and will host a webcast to discuss these results at 8:00 AM ET.

Company Overview: Wallbox is a global technology company focused on electric vehicle charging and energy management solutions, operating in over 100 countries since its founding in 2015 in Barcelona.

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Wallbox's Quasar 2 Certification: Wallbox has announced that its latest bidirectional charger, Quasar 2, has received UL certification for the U.S. market, making it the first bidirectional charger to meet safety standards for DC EV chargers with a CCS1 connector.

Innovative Features and Market Impact: The Quasar 2 is designed for residential use and offers advanced V2X functionality, allowing it to power homes during outages, positioning Wallbox as a leader in EV charging innovation and energy management solutions.

Wallbox's Quasar 2 Certification: Wallbox has announced that its latest bidirectional charger, Quasar 2, has received UL certification for compliance with U.S. safety standards, making it the first of its kind to do so. This achievement highlights Wallbox's engineering capabilities and commitment to innovation in EV charging solutions.

Quasar 2 Features and Market Impact: The Quasar 2 charger offers advanced V2X functionality, allowing it to power homes during outages and is designed for residential use. It is expected to launch soon and aims to revolutionize home energy management while enhancing confidence in EV charging products.

Wallbox's New Charger Certification: Wallbox announced that its Quasar 2 bidirectional charger has received UL Solutions certification for compliance with safety standards in the U.S. market, making it the first of its kind to meet these standards for DC EV chargers using a CCS1 connector.

Company Updates: The announcement comes amid various developments for Wallbox N.V., including earnings calls and a recent non-compliance notice from NYSE.

Wallbox's NYSE Compliance Issue: Wallbox N.V. has been notified by the New York Stock Exchange that it is not in compliance with listing standards due to its Class A shares trading below $1.00 for 30 consecutive days, but it plans to take action to regain compliance within six months.

Business Operations Unaffected: Despite the compliance issue, Wallbox emphasizes that its normal business operations and strategic priorities, including providing EV charging solutions, remain unaffected during this period.

Funding and Growth: Range, an AI-powered wealth management platform, raised $28 million in Series B funding, bringing its total to $40 million, and is experiencing a 20% month-over-month increase in membership.

Innovative Approach: The company aims to democratize access to sophisticated financial services by providing faster and more cost-effective solutions compared to traditional advisors, currently managing nearly $3 billion in assets for over 1,000 high-net-worth members.

Wallbox Certification: Wallbox's Supernova DC fast charger received Eichrecht certification in Germany, enabling access to commercial opportunities in the DACH region, where certified chargers are preferred by customers.

Importance of Eichrecht: The Eichrecht certification process ensures accurate energy measurement and billing for public EV chargers that charge users for energy dispensed.

Wallbox Achieves Certification: Wallbox's Supernova DC fast charger has received Eichrecht certification in Germany, enabling its expansion into the German EV market and enhancing commercial opportunities across the DACH region.

Market Growth Projections: Germany is projected to have over 22,000 DC fast chargers by the end of this year, with an anticipated growth of 150,000 additional chargers in the next decade, highlighting the increasing demand for efficient charging solutions.