WallBox (WBX)

Interesting company that produces electric vehicle chargers and energy management systems, aimed at both the consumer and business/government sectors. Strong earnings with year over year growth, and a substantial amount of cash on hand. Seems to have been driven down a bit unfairly during the last few months. Has partnerships with Kia, Costco, and others. Received a notice of noncompliance with NYSE $1 stock price requirement, which it will need to maintain for 30 days before May 20th, so there is perhaps desire for a compliance run among its followers. Buying volume was the highest levels ever in late December and 1st week of January, which halted its slide and it appears ready for a long-term reversal. It's coming off its yearly lows and the long & short term MACD and RSI indicators are strengtheningYou can view the 3rd Quarter 2024 financials here.

Multiple analysts have WBX as a 'Strong Buy' with a price target of $1.75-$2.00 and it's at $0.53 as of this post. The chart looks favorable and it would only take a relatively small increase in volume to run. Happy to hear your thoughts.

 

BARCELONA, Spain--(BUSINESS WIRE)--Wallbox, (NYSE:WBX) a global leader in electric vehicle (“EV”) charging and energy management solutions, announced that Quasar 2, its latest bidirectional charger, has received a certificate of compliance from UL Solutions for the U.S. market. Quasar 2, which now bears the UL Mark, is officially the first bidirectional charger to meet principal safety standards for DC EV chargers using a CCS1 connector.

"Obtaining the UL certification for Quasar 2 marks a significant achievement for Wallbox and showcases our world-class engineering capabilities and ability to bring cutting-edge solutions to market," said Enric Asunción, CEO of Wallbox. "Receiving the UL Mark not only underscores our dedication to upholding the highest industry standards, but also positions us at the forefront of EV charging innovation. We expect to launch Quasar 2 in the near term and believe it has the potential to revolutionize home energy management."

“This achievement reinforces UL Solutions’ focus on capabilities that serve the EV market with services that help increase confidence in products’ performance, reliability and safety,” said Jeff Smidt, senior vice president of Industrial Testing, Inspection and Certification at UL Solutions. “We are proud to play a part in the Wallbox journey to meet the demand for EV charging equipment.”

https://www.businesswire.com/news/home/20250113854215/en/

Also found this: Generac made a $35 million investment in WallBox in July 2024, part of a $45 million package.

 

Thanks @Money123, I work to find deep value tech stocks with good fundamentals that seem to be victims of a malicious short, have fairly low market caps, high volume in the previous month, and a low price to earnings ratio and a couple other indicators. I called $AITX and $RVSN before their big runs. I don't believe this will be a 10X runner, but perhaps an easy double or triple in the next two months.