Wallbox (NYSE:WBX – Free Report) had its price objective lowered by Stifel Nicolaus from $4.00 to $3.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.
Separately, Canaccord Genuity Group lowered their price objective on Wallbox from $4.00 to $3.25 and set a buy rating for the company in a research report on Tuesday, July 9th.
Wallbox Price Performance
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in Wallbox in the fourth quarter valued at about $8,923,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Wallbox by 23.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 198,863 shares of the company’s stock worth $282,000 after buying an additional 38,249 shares during the period. Aristides Capital LLC acquired a new stake in shares of Wallbox in the 4th quarter valued at approximately $125,000. Finally, J. Stern & Co. LLP bought a new position in Wallbox during the 2nd quarter worth approximately $66,000. 36.94% of the stock is currently owned by institutional investors.
Wallbox Company Profile
Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use worldwide. The company operates in three segments: Europe-Middle East and Asia, North America, and Asia-Pacific. It offers EV charging hardware products, such as Pulsar Plus, Pulsar Plus Socket, Pulsar Max, and Pulsar Pro, an AC smart chargers for home and shared spaces; Commander 2, an AC smart charger for fleets and businesses with a 7-inch touchscreen display that provides a personalized and secure user interface for multiple users; Copper SB, an AC smart charger for fleets and businesses with an integrated socket that makes it compatible with both type 1 and type 2 charging cables; Quasar 2, a DC bi-directional charger for home-use that allows to charge and discharge electric vehicle; Supernova, a DC fast charger equipment designed for public use; and Hypernova that allows to optimize available power and adapt to the number of EVs connected for public charging along highways and transcontinental road networks; as well as Wallbox ABL eM4 Single and Twin chargers and eMC3 charging pole.
Recommended Stories
- Five stocks we like better than Wallbox
- Buy P&G Now, Before It Sets A New All-Time High
- Michael Burry’s Alibaba Bet and the Broader Market Implications
- Business Services Stocks Investing
- Jeff Brown’s Exegesis AI Stock Picks
- Energy and Oil Stocks Explained
- Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
Receive News & Ratings for Wallbox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wallbox and related companies with MarketBeat.com's FREE daily email newsletter.