Wallbox N.V.
- Open
- 3.11
- Day high
- 3.34
- Day low
- 2.96
- Prev close
- 3.00
- Volume
- 9K
- Mkt cap
- $72M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- —
- P/S
- 0.5
- Yield
- —
- Per share
- —
- ▲Insiders net buying $7.5M over the last 3 months (8 open-market buys, 0 sales)
- ◆Cluster buying — multiple insiders bought within days
Wallbox N.V. (WBX) is a Technology company listed on NYSE. The stock is down 35% over the past year. Over the trailing 3 months, insiders filed 8 open-market buys and 0 sales (SEC Form 4).
Wallbox N.V. (WBX) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
WBX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Sep 23, 2025 | — | $-0.08 | — | $38M | — |
| Feb 26, 2025 | $-0.10 | $-0.17 | -67.4% | $39M | -13.4% |
| Aug 1, 2024 | $-0.11 | $-0.16 | -53.8% | $49M | +61.0% |
| May 9, 2024 | $-0.07 | $-0.17 | -137.1% | $50M | +62.2% |
| Feb 28, 2024 | $-0.12 | $-0.11 | +4.6% | $42M | +36.8% |
| Nov 9, 2023 | $-0.09 | $-0.11 | -21.8% | $40M | +31.0% |
| Aug 2, 2023 | $-0.09 | $-0.22 | -144.0% | $37M | +21.4% |
| May 4, 2023 | — | $-0.22 | — | $37M | +20.7% |
| Mar 1, 2023 | $-0.14 | $-0.25 | -80.3% | $37M | +22.0% |
| Nov 29, 2022 | $-0.18 | $-0.16 | +10.6% | $37M | -19.0% |
| Aug 10, 2022 | $-0.14 | $-0.03 | +79.4% | $36M | -49.3% |
| Mar 16, 2022 | — | $-0.40 | — | $76M | +80.5% |
WBX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Mera Francisco Jose Riberasdirector | Buy | 501,361 | $2.72 |
| Jul 2, 2026 | Mera Francisco Jose Riberasdirector | Buy | 250,680 | $2.75 |
| Jul 2, 2026 | Aguera Pedro Alonsodirector | Buy | 501,361 | $2.72 |
| Jul 2, 2026 | Aguera Pedro Alonsodirector | Buy | 250,680 | $2.75 |
| Jul 2, 2026 | Escorsa Enric Asunciondirector, officer: Chief Executive Officer | Buy | 325,885 | $2.72 |
| Jul 2, 2026 | Escorsa Enric Asunciondirector, officer: Chief Executive Officer | Buy | 162,942 | $2.75 |
| Jul 2, 2026 | Richer Marc Sabedirector | Buy | 501,361 | $2.72 |
| Jul 2, 2026 | Richer Marc Sabedirector | Buy | 250,680 | $2.75 |
Source: WBX SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full WBX insider & 13F page →Wallbox N.V. company profile
Overview
Wallbox N.V. (NYSE:WBX) is a Spanish technology company founded in 2015 and headquartered in Barcelona, Spain. The company went public in April 2021 through a SPAC merger. Wallbox designs, manufactures, and distributes electric vehicle charging solutions for residential, business, and public use across three main geographic segments: Europe-Middle East-Asia, North America, and Asia-Pacific. The company has experienced significant growth since its founding but has faced challenges in recent years due to a slower-than-expected electric vehicle market expansion and increasing competition in the EV charging infrastructure space.
Business
Wallbox operates in the electric vehicle charging infrastructure industry, which is a critical component of the broader electric vehicle ecosystem. As electric vehicles replace traditional gasoline-powered cars, a comprehensive network of charging stations is essential to support widespread EV adoption. The company provides both the physical hardware (charging stations) and software solutions to manage these charging networks. The company's core offerings are divided into three main categories: 1. AC (Alternating Current) Charging Hardware - This represents approximately 72% of revenue and includes residential and commercial charging solutions. Key products include the Pulsar Plus for home use, Commander 2 for fleet and business applications with touchscreen interfaces, and Copper SB for businesses with integrated socket compatibility. AC chargers are typically slower but more cost-effective, suitable for overnight charging at homes or extended parking at workplaces. 2. DC (Direct Current) Fast Charging Hardware - Representing about 8% of revenue, this segment includes high-power charging stations for public use. Products include Supernova for public charging locations and Hypernova for highway charging networks. DC fast chargers can charge vehicles much more quickly than AC chargers, making them essential for public charging infrastructure and long-distance travel. 3. Software and Services - Comprising about 20% of revenue, this includes the myWallbox platform for smart charger management, Electromaps for finding public charging stations, and Sirius for energy management integration with renewable sources. The company also offers installation, maintenance, and charging network management services. Wallbox also produces innovative products like the Quasar, a bidirectional charger that allows electric vehicles to not only charge from the grid but also discharge power back to the home or grid, enabling vehicle-to-home and vehicle-to-grid capabilities.
Revenue model
Wallbox generates revenue primarily through product sales of its charging hardware, complemented by software subscriptions and service fees. The company's customers include individual homeowners, businesses with vehicle fleets, property developers, charging network operators, and government entities developing public charging infrastructure. The business model faces several margin-influencing factors. Positive margin drivers include the ongoing global transition to electric vehicles, government incentives and mandates for EV adoption, increasing economies of scale in manufacturing, and the growing need for charging infrastructure as EV adoption accelerates. The company's diverse product portfolio allows it to serve multiple market segments, from residential to commercial to public charging. Negative margin pressures come from intense competition in the EV charging market, with both established electrical equipment manufacturers and new entrants competing on price. The company faces supply chain cost volatility, particularly for electronic components and raw materials. Additionally, the EV market's growth has been slower than initially projected, with European EV sales declining 2% in 2024 while North American growth was only 10%. This slower-than-expected market expansion has led to inventory challenges and pricing pressure across the industry. The company's manufacturing strategy involves facilities in both Europe (Barcelona) and North America (Texas), which helps mitigate some supply chain risks and potential tariff impacts but also requires significant capital investment and operational complexity. Currency fluctuations also impact margins given the company's global operations across multiple currencies.
Competitive moat
Wallbox's competitive moat is relatively narrow in the current market environment. The company's primary advantages include its global manufacturing footprint with facilities in Europe and North America, allowing it to serve local markets efficiently and avoid some trade barriers. The company has also built a comprehensive product portfolio spanning residential AC chargers to high-power DC fast chargers, plus software solutions, which provides some differentiation from competitors focused on single product categories. The company's bidirectional charging technology (Quasar product) represents a potential technological advantage, as this capability is still emerging in the market. Strategic partnerships with automotive OEMs like Nissan, Stellantis, and Kia, as well as with energy companies like Generac, provide some competitive positioning. However, the EV charging market is becoming increasingly commoditized, with significant competitive threats from established electrical equipment manufacturers, Tesla's expanding Supercharger network, and numerous well-funded startups. The barriers to entry are not particularly high for basic AC charging solutions, and many competitors have deeper pockets and more established distribution channels. Large players like ABB, Schneider Electric, and Siemens have substantial resources to compete on both technology and price. The company's software and services offerings provide some recurring revenue and customer stickiness, but these represent a smaller portion of total revenue and face competition from specialized software providers and charging network operators. Overall, Wallbox operates in a competitive market with limited sustainable competitive advantages.
Risks & safety
Wallbox faces significant financial stress with limited margin of safety: • Liquidity concerns: Cash position declined from €101M in 2023 to €20M by end of 2024, with negative operating cash flow of €52M in 2024 • Solvency risk: Current ratio of 0.90 indicates potential difficulty meeting short-term obligations; debt-to-equity ratio of 3.62 shows high leverage • Profitability challenges: Negative EBITDA of €101M in 2024, though improved from €75M loss in 2023 • Valuation metrics: Trading at 0.54x book value and negative P/E due to losses; enterprise value suggests market skepticism • Burn rate: Free cash flow negative €87M in 2024, indicating rapid cash consumption • Other considerations: Company raised $45M in strategic funding during 2024, providing some breathing room, but may need additional capital if losses continue at current pace
Recent development
Over the past few years, Wallbox has undergone significant strategic transformation while navigating a challenging market environment. The company has restructured its organization from a functional model to a business unit-driven approach, focusing on distinct product categories and market segments to improve operational efficiency and accountability. Cost optimization has been a major focus, with the company achieving over €60 million in production cost reductions in 2023 and an additional 11% reduction in labor and operating expenses in 2024. This restructuring helped improve adjusted EBITDA from negative €74.2 million to negative €58.8 million despite challenging market conditions. The company has pursued strategic partnerships and acquisitions to expand its market reach. The acquisition of ABL strengthened its position in the European market, particularly in Germany. The partnership with Generac, including a $35 million investment, provides access to North American distribution channels and potential integration opportunities with Generac's energy storage products. Product innovation has continued with the launch of new charger versions including the Supernova 220 DC fast charger and achieving UL certification for the Quasar 2 bidirectional charger in the US market. The company has also expanded its software offerings and energy management solutions to create more comprehensive charging ecosystem solutions. Geographically, Wallbox has focused on expanding its North American presence, with revenue growing 64% year-over-year in that region in 2024, though from a relatively small base. The company maintains manufacturing facilities in both Europe and North America to serve local markets efficiently.
WBX company profile · for informational purposes only — not investment advice.
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