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BARCELONA - Wallbox N.V. (NYSE: WBX), a provider of electric vehicle (EV) charging solutions, has announced a partnership with Francis Energy, a developer of EV charging infrastructure, to deploy fast charging stations across the United States. The collaboration will leverage Wallbox’s CTEP-certified Supernova fast chargers to meet the increasing demand for high-performance charging in growing EV markets. According to InvestingPro data, Wallbox has shown strong revenue growth of 14% over the last twelve months, though the company’s stock has experienced significant volatility. Currently, InvestingPro’s Fair Value analysis suggests the stock is undervalued.
The Supernova chargers are designed for urban and corridor locations, aiming to provide fast and reliable charging. Francis Energy brings its experience in establishing robust charging networks to the partnership, ensuring dependability and efficiency.
Douglas Alfaro, Wallbox’s Chief Business Development Officer, stated that the partnership aims to deliver fast charging solutions that integrate with existing grid systems and support long-term electrification goals. Seth Christ, Chief Strategy Officer at Francis Energy, expressed excitement about the collaboration and the shared goal of shaping the future of EV infrastructure.
Both companies will participate in the upcoming ACT Expo in Southern California, showcasing the Supernova chargers to stakeholders interested in advancing EV adoption and infrastructure.
This partnership is part of a broader movement to enhance the EV charging infrastructure in the U.S., as the shift to electric mobility gains momentum.
Wallbox, founded in 2015 and headquartered in Barcelona, provides a range of charging and energy management systems in over 100 countries. Francis Energy has established one of the largest EV charging networks in the U.S., with over 200 locations in 13 states and projects in development in more than 20 additional states.
The information in this article is based on a press release statement.
In other recent news, Wallbox NV reported a 14% year-over-year decline in quarterly revenue for Q4 2024, despite achieving a 14% increase in full-year revenue to €162 million. The company’s gross margin fell short of its target, and adjusted EBITDA remained negative, contributing to a negative market reaction. In a related move, Canaccord Genuity lowered its price target for Wallbox to $1 from $1.50 but maintained a Buy rating, citing the company’s potential to benefit from a rebound in EV demand. Meanwhile, Wallbox announced the production of its 100,000th EV charger at its Arlington, Texas facility, highlighting its commitment to strengthening local supply chains and adapting to the U.S. market’s evolving needs. Additionally, Wallbox has opened pre-orders for its new Quasar 2 bi-directional charger, initially available to Kia EV9 owners, emphasizing advanced features like Vehicle-to-Home functionality. The company continues to focus on strategic partnerships and product launches to drive future growth. Despite recent challenges, Wallbox remains optimistic about its long-term prospects in the evolving EV industry.
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