WBX

Wallbox Announces First Quarter 2024 Financial Results

Retrieved on: 
Donnerstag, Mai 9, 2024

Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced its financial results for the first quarter ended March 31, 2024 and provided a business update.

Key Points: 
  • Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced its financial results for the first quarter ended March 31, 2024 and provided a business update.
  • The first quarter of 2024 saw growth volatility in select markets, offset by key commercial highlights such as the first deliveries of Supernova units in North America.
  • The next phase in our evolution is about the ability to deliver profitable growth through a variety of economic climates.
  • Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement.

Wallbox Selected for $5.2 Million 48C Tax Credit by the U.S. DOE and IRS For Investments in Arlington Factory

Retrieved on: 
Dienstag, April 23, 2024

The credit will support the expansion of Wallbox's flagship U.S. EV supply equipment (EVSE) manufacturing facility in Arlington, Texas.

Key Points: 
  • The credit will support the expansion of Wallbox's flagship U.S. EV supply equipment (EVSE) manufacturing facility in Arlington, Texas.
  • Wallbox's award includes 30% of qualified investments for the second phase of its Arlington factory buildout to support increased manufacturing capacity.
  • The 48C tax credit was highly competitive, with more applications submitted than the total available funding.
  • The DOE reviewed the applications and recommended Wallbox's project to the IRS for the award.

Wallbox Announces Timing of its First Quarter 2024 Financial Results

Retrieved on: 
Donnerstag, April 11, 2024

Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced that it will release its financial results for the first quarter of 2024 before market opens on Thursday, May 9, 2024.

Key Points: 
  • Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced that it will release its financial results for the first quarter of 2024 before market opens on Thursday, May 9, 2024.
  • The company will host a webcast at 8:00 AM ET (2:00 PM CET), to discuss these results and provide a business update.
  • The prepared remarks by Enric Asunción, co-founder and Chief Executive Officer, and Jordi Lainz, Chief Financial Officer, will be followed by a question and answer session.
  • The company will also introduce Luis Boada, who will join Wallbox as its new Chief Financial Officer effective May 15, 2024.

Wallbox Appoints Luis Boada as Chief Financial Officer

Retrieved on: 
Mittwoch, April 10, 2024

Wallbox (NYSE:WBX), a global leader in electric vehicle (EV) charging and energy management solutions, today announced that Luis Boada will join Wallbox as Chief Financial Officer effective May 15, 2024.

Key Points: 
  • Wallbox (NYSE:WBX), a global leader in electric vehicle (EV) charging and energy management solutions, today announced that Luis Boada will join Wallbox as Chief Financial Officer effective May 15, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240410866017/en/
    Wallbox Appoints Luis Boada as Chief Financial Officer (Photo: Business Wire)
    Luis Boada has close to two decades of experience in corporate development, finance, and investor relations with extensive knowledge of both North American and European markets.
  • Luis joins Wallbox from Fluidra, a global leader in pool equipment and connected solutions, listed on the Spanish Stock Exchange, where he served as the CFO of North America.
  • “We are excited to announce the appointment of Luis Boada as CFO of Wallbox.

Wallbox Announces Filing of 2023 Annual Report on Form 20-F

Retrieved on: 
Donnerstag, März 21, 2024

Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced that its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 has been filed with the Securities and Exchange Commission.

Key Points: 

Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced that its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 has been filed with the Securities and Exchange Commission.

Wallbox and Bidirectional Energy Awarded Funding from the California Energy Commission

Retrieved on: 
Donnerstag, März 21, 2024

Wallbox (NYSE:WBX), a global leader in electric vehicle (EV) charging and energy management solutions, and Bidirectional Energy , a bidirectional EV energy management startup, today announced Phase 1 of their Bidirectional Residential V2X Demonstration Project had been awarded $2.2M in funding from the California Energy Commission ( CEC) REDWDS grant .

Key Points: 
  • Wallbox (NYSE:WBX), a global leader in electric vehicle (EV) charging and energy management solutions, and Bidirectional Energy , a bidirectional EV energy management startup, today announced Phase 1 of their Bidirectional Residential V2X Demonstration Project had been awarded $2.2M in funding from the California Energy Commission ( CEC) REDWDS grant .
  • The project will install and operate Wallbox’s bidirectional charger, Quasar 2, in 120 residential locations across California.
  • The bidirectional chargers will be managed by Bidirectional Energy’s virtual power plant (VPP) platform to provide home energy backup, utility bill reduction, and additional financial rewards.
  • Bidirectional Energy and Wallbox estimate that Quasar 2 together with the Bidirectional Energy VPP platform can potentially earn users over $1,000* every year when combined with utility Demand Response programs and time-of-use utility rates.

Wallbox Launches Pulsar Pro North America, Its Latest AC Charger Designed Specifically for EV Charging in Shared Spaces

Retrieved on: 
Mittwoch, März 13, 2024

Pulsar Pro is the latest addition to Wallbox's award-winning Pulsar family of smart EV chargers, designed specifically for shared spaces like multi-unit residential and commercial properties.

Key Points: 
  • Pulsar Pro is the latest addition to Wallbox's award-winning Pulsar family of smart EV chargers, designed specifically for shared spaces like multi-unit residential and commercial properties.
  • "Today, we see an opportunity to reinvent the charging experience for shared spaces with Pulsar Pro, setting a new standard for reliability, cost-effectiveness and intelligent charging."
  • Pulsar Pro takes the powerful capabilities of Wallbox's Pulsar Plus charger and adds new features optimized for multi-user environments:
    In addition to its intelligent charging capabilities, Pulsar Pro delivers reliability and ease of use.
  • Pulsar Pro provides a solution that is efficient, connected and designed specifically to cater for shared spaces."

Wallbox and Partners Awarded $25.6 Million to Deploy EV Chargers at 148 Multifamily Properties Across the State of Washington

Retrieved on: 
Donnerstag, März 7, 2024

The awards, announced as part of the Department’s first round of the program, will be used to deploy Wallbox’s latest AC Level 2 charger, the Pulsar Pro, across 148 multifamily housing properties throughout the state of Washington.

Key Points: 
  • The awards, announced as part of the Department’s first round of the program, will be used to deploy Wallbox’s latest AC Level 2 charger, the Pulsar Pro, across 148 multifamily housing properties throughout the state of Washington.
  • View the full release here: https://www.businesswire.com/news/home/20240307858646/en/
    “One of the most commonly cited concerns for prospective EV drivers is access to EV charging, especially for those who do not live in detached houses.
  • Wallbox and the State of Washington have a shared commitment of ensuring that chargers are deployed across all use cases, including multifamily housing, to ensure that benefits of going electric are accessible to all,” said Erik Fogelberg, General Manager of Wallbox North America.
  • The projects will be designed and installed by COIL in partnership with Resound Energy, a Washington-based energy efficiency contractor, at 148 multifamily housing properties, including 146 Greystar properties.

Generac Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Mittwoch, Februar 14, 2024

Net sales increased 1% to $1.06 billion during the fourth quarter of 2023 as compared to $1.05 billion in the prior-year fourth quarter.

Key Points: 
  • Net sales increased 1% to $1.06 billion during the fourth quarter of 2023 as compared to $1.05 billion in the prior-year fourth quarter.
  • The Company repurchased approximately 1.3 million shares of its common stock during the fourth quarter for approximately $151 million.
  • “Despite fewer power outages in the fourth quarter, home standby generator shipments returned to year-over-year growth, and activations reached a quarterly record.
  • Cash flow from operations was $316.9 million during the fourth quarter, as compared to $100.9 million in the prior year.

Wallbox Launches Supernova 180: DC Fast EV Charger Designed With Reliability and Scalability at Its Core

Retrieved on: 
Dienstag, Februar 13, 2024

Today Wallbox; (NYSE: WBX), a global leader in electric vehicle (EV) chargers, announced the start of production for its UL certified DC fast EV charger, Supernova 180.

Key Points: 
  • Today Wallbox; (NYSE: WBX), a global leader in electric vehicle (EV) chargers, announced the start of production for its UL certified DC fast EV charger, Supernova 180.
  • Supernova 180 is Wallbox’s third-generation DC fast EV charger designed exclusively for North America, following the successful rollout of Supernova 60 and Supernova 150 in Europe.
  • View the full release here: https://www.businesswire.com/news/home/20240213833110/en/
    Wallbox's Supernova 180 DC fast charger in a mall parking lot.
  • Since its launch, Wallbox has sold over 2,000 Supernova globally, contributing to over 150,000 charging sessions, with industry leading reliability and uptime.