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BARCELONA - Wallbox (NYSE:WBX), the EV charging equipment manufacturer currently valued at $112 million, is expanding its partnership with ENSOL EV to deploy Supernova DC fast chargers across urban centers and transit corridors in Texas, Florida, and Georgia, according to a press release statement. While InvestingPro data shows the company faces some financial challenges, analysts expect profitability improvements in 2025.
The collaboration builds on the existing relationship between the companies, which previously focused on installing Wallbox’s Pulsar AC chargers at residential and commercial sites. This expansion marks their first venture into DC fast charging together. With revenue of $171.5 million in the last twelve months and a gross profit margin of 32%, Wallbox continues to pursue growth opportunities despite challenging market conditions.
ENSOL EV plans to integrate the Supernova chargers with on-site renewable energy systems, including solar and battery storage. The initial installations will target high-traffic urban areas and regional transit corridors beginning in the second half of 2025, with additional sites planned through early 2026.
"States like Texas, Florida, and Georgia are seeing accelerating demand for charging infrastructure," said Douglas Alfaro, Chief Business Development Officer at Wallbox.
The Supernova fast charger delivers up to 180 kW of power and features smart charging capabilities for energy distribution and uptime performance. The chargers are certified under both CTEP and NTEP standards.
Ernesto Figueroa, CEO at ENSOL EV, stated that the company aims to build charging infrastructure "rooted in sustainability as the core of the entire concept."
ENSOL EV, the electric mobility division of Texas-based Ensol Energy Solutions LLC, provides EV charging solutions across residential, commercial, and fleet sectors in the United States and Latin America. According to InvestingPro analysis, Wallbox’s stock currently appears undervalued, though investors should note the company’s significant debt burden and rapid cash burn rate. For deeper insights into Wallbox’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Wallbox has secured $15 million in fresh funding through private placements. The Spanish Society for Technological Transformation, backed by the Spanish government, contributed over $9 million as part of the company’s February 2025 financing round. Additionally, existing shareholders, including Inversiones Financieras Perseo, S.L., Orilla Asset Management, S.L., and Wallbox CEO Enric Asunción, invested an additional $5 million. This financial support aims to bolster Wallbox’s balance sheet and expedite global adoption of its products. In another development, Wallbox has partnered with Francis Energy to deploy fast charging stations across the United States. This collaboration will utilize Wallbox’s Supernova fast chargers to meet the growing demand for high-performance charging solutions. Furthermore, Wallbox announced the production of its 100,000th EV charger at its Arlington, Texas facility. The facility, which began operations in late 2022, plays a key role in manufacturing the Pulsar family of chargers for the North American market.
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