Wallbox (WBX)
NYSE:WBX
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Wallbox
(NYSE:WBX)
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Rating:46Neutral
Price Target:
$3.00
▲(5.63% Upside)
Action:ReiteratedDate:05/06/26
The score is held down primarily by weak financial performance (negative equity, sizable debt, and persistent losses including negative gross profit), which elevates solvency and financing risk. Technicals are neutral with modest near-term support but a weaker longer-term trend, while valuation is constrained by losses and no dividend. The latest earnings call is mixed: improved efficiency and constructive Q2 guidance are counterbalanced by soft demand, missed Q1 targets, and continued liquidity/leverage sensitivity.
Positive Factors
Product & technology pipeline
Wallbox’s broadened hardware portfolio, including scalable DC solutions (Supernova PowerRing) and commercially available Quasar 2, meaningfully expands its addressable markets across home, commercial and fleet use. Durable product breadth supports longer-term revenue diversification and competitiveness in high-power charging segments.
Negative Factors
Balance-sheet erosion
Negative equity indicates cumulative losses have impaired the capital base, constraining financial flexibility and increasing creditor influence. Over a multi-month horizon this weak capital structure limits investment options, raises refinancing risk, and makes the company more vulnerable to demand shocks or higher funding costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Product & technology pipeline
Wallbox’s broadened hardware portfolio, including scalable DC solutions (Supernova PowerRing) and commercially available Quasar 2, meaningfully expands its addressable markets across home, commercial and fleet use. Durable product breadth supports longer-term revenue diversification and competitiveness in high-power charging segments.
Read all positive factors
Wallbox (WBX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$49.40M
Dividend YieldN/A
Average Volume (3M)18.33K
Price to Earnings (P/E)―
Beta (1Y)1.15
Revenue Growth-7.72%
EPS Growth-7.28%
CountryUS
Employees905
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.53
Shares Outstanding16,798,563
10 Day Avg. Volume17,956
30 Day Avg. Volume18,332
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-1.07
Price to Sales (P/S)0.21
P/FCF Ratio-888.95
Enterprise Value/Market Cap4.32
Enterprise Value/Revenue1.44
Enterprise Value/Gross Profit4.47
Enterprise Value/Ebitda-2.99
Forecast
1Y Price Target
$5.00Price Target Upside76.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.39
Revenue Forecast (FY)$231.00M
Wallbox Business Overview & Revenue Model
Company Description
Wallbox N.V., a technology company, designs, manufactures, and distributes charging solutions for residential, business, and public use. The company operates in three segments: Europe-Middle East Asia, North America, and Asia-Pacific. It offers EV...
How the Company Makes Money
Wallbox primarily makes money by selling EV charging equipment (hardware), which is typically the largest component of its revenue. This includes residential AC chargers sold to consumers and installers, as well as commercial and public-charging h...
Wallbox Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Neutral
The call presents a mixed picture: meaningful operational progress and a completed refinancing plan that provides near-term financial visibility are offset by soft top-line performance, a sharp decline in DC sales, regional headwinds (notably North America), and elevated leverage. Management provided constructive Q2 guidance and highlighted product and software growth opportunities, but revenue weakness and liquidity/debt sensitivity remain notable risks.Positive Updates
Operational efficiency and cost reduction
Labor cost and operating expenses improved to EUR 17.1M, down 22% quarter-over-quarter and 31% year-over-year. Adjusted EBITDA loss improved 18% quarter-over-quarter and 23% year-over-year (adjusted EBITDA loss of EUR 6M). Management reports significantly reduced cash burn, leaner organization and progress toward operational profitability.
Negative Updates
Revenue decline and missed guidance
Total revenue of EUR 29.7M in Q1 was below guidance and down 12% sequentially. Management attributes much of the softness to customer postponements during the refinancing process.
Read all updates
Q1-2026 Updates
Positive
Negative
Operational efficiency and cost reduction
Labor cost and operating expenses improved to EUR 17.1M, down 22% quarter-over-quarter and 31% year-over-year. Adjusted EBITDA loss improved 18% quarter-over-quarter and 23% year-over-year (adjusted EBITDA loss of EUR 6M). Management reports significantly reduced cash burn, leaner organization and progress toward operational profitability.
Read all positive updates
Company Guidance
Wallbox guided Q2 2026 revenue of EUR 33–36 million, gross margin of 38–40% and negative adjusted EBITDA of EUR (5)–(3) million; for context Q1 revenue was EUR 29.7 million (down 12% sequentially), Q1 gross margin 37.3% (below the 38–40% range) and adjusted EBITDA loss was EUR 6.0 million (improved 18% qoq and 23% yoy); the company finished Q1 with ~EUR 7.6 million in cash (excluding EUR 11 million interim financing received at the start of Q2), inventory of EUR 40.3 million (down 15% qoq, 37% yoy), CapEx of EUR 0.3 million, and loans and borrowings of EUR 168 million, and expects the completed refinancing plus investments in sales and service to drive the Q2 targets.Wallbox Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 148.00M | 163.78M | 164.01M | 144.23M | 143.47M | 71.85M |
| Gross Profit | 47.74M | -34.10M | 53.80M | 47.05M | 57.78M | 27.20M |
| EBITDA | -71.48M | -73.90M | -93.99M | -98.00M | -119.35M | -45.26M |
| Net Income | -125.67M | -116.46M | -149.04M | -112.43M | -62.49M | -224.63M |
Balance Sheet | ||||||
| Total Assets | 316.49M | 239.52M | 353.07M | 483.54M | 421.98M | 342.61M |
| Cash, Cash Equivalents and Short-Term Investments | 32.22M | 9.41M | 45.94M | 106.89M | 88.70M | 171.06M |
| Total Debt | 216.39M | 197.77M | 234.88M | 246.33M | 160.93M | 80.87M |
| Total Liabilities | 280.35M | 270.98M | 290.49M | 333.73M | 252.83M | 211.54M |
| Stockholders Equity | 35.27M | -31.69M | 64.80M | 149.79M | 169.15M | 131.07M |
Cash Flow | ||||||
| Free Cash Flow | -38.61M | -38.00K | -87.02M | -108.51M | -201.47M | -99.97M |
| Operating Cash Flow | -36.47M | 10.00M | -51.53M | -89.74M | -136.29M | -69.63M |
| Investing Cash Flow | -7.15M | 11.62M | -39.46M | -58.54M | -13.96M | -88.30M |
| Financing Cash Flow | 0.00 | -32.19M | 2.96M | 172.48M | 111.75M | 246.92M |
Wallbox Technical Analysis
Negative
2.84
Price Trends
2.87
Negative
2.93
Negative
3.91
Negative
Market Momentum
0.03
Negative
49.58
Neutral
34.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WBX, the sentiment is Negative. The current price of 2.84 is above the 20-day moving average (MA) of 2.80, below the 50-day MA of 2.87, and below the 200-day MA of 3.91, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 49.58 is Neutral, neither overbought nor oversold. The STOCH value of 34.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WBX.
Wallbox Risk Analysis
Wallbox disclosed 64 risk factors in its most recent earnings report. Wallbox reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Failure of banks or other financial institutions could adversely affect our cash, cash equivalents and investments and our business and financial condition may suffer as a result. Q4, 2023
2.
We are susceptible to risks associated with an increased focus by stakeholders and regulators on environmental and social matters, including climate change, which may adversely affect our business and results of operations. Q4, 2023
3.
Political and economic uncertainty and macroeconomic factors could adversely affect our business, financial condition and results of operations. Q4, 2023
Wallbox Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $991.56M | 93.63 | 9.64% | ― | 0.36% | 1138.56% | |
62 Neutral | $1.46B | -7.67 | -98.63% | ― | -8.93% | 1.81% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $93.14M | -29.74 | -391.12% | ― | 91.38% | 49.55% | |
49 Neutral | $56.07M | -25.22 | -16.71% | ― | 1.81% | 19.17% | |
46 Neutral | $49.40M | -0.29 | -142.33% | ― | -7.72% | -7.28% |
* Technology Sector Average
WBX
Wallbox
2.75
-4.45
-61.81%
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Wallbox Corporate Events
Wallbox Sets May 22, 2026 AGM to Approve 2025 Accounts, Board Changes and Restructuring-Linked Measures
Apr 23, 2026
Wallbox N.V., the Amsterdam-registered EV charging group headquartered in Barcelona, has convened its 2026 Annual General Meeting (AGM) for May 22, 2026, in Amsterdam, publishing its 2025 annual report and accounts to shareholders on April 23, 202...
Wallbox Secures Broad Creditor Support for Restructuring as HSBC and Citibank Join Plan
Apr 20, 2026
On April 20, 2026, Wallbox announced that it had completed the creditor accession process for its previously unveiled financial restructuring plan, with international lenders HSBC and Citibank joining a consortium of mainly Spanish financial insti...
Wallbox Signs Restructuring Plan and Secures €11 Million Bridge Financing
Apr 8, 2026
On April 8, 2026, Wallbox N.V. announced it had formally signed a comprehensive restructuring plan with financial creditors representing about 83% of the Group’s financial debt, alongside key shareholders and a new institutional investor. Th...
Wallbox Secures Agreement on Comprehensive Debt and Equity Restructuring
Apr 1, 2026
On April 1, 2026, Wallbox announced it had agreed final terms for a comprehensive recapitalization and financial restructuring with creditors representing over 83% of its debt, key shareholders and a new institutional investor, subject to court ap...
Wallbox Faces NYSE Listing Deficiency, Plans Capital Structure Overhaul
Mar 13, 2026
On March 13, 2026, Wallbox disclosed that it received a non-compliance notice from the New York Stock Exchange on February 12, 2026, after failing to meet the exchange’s requirement for an average global market capitalization and shareholder...
Wallbox Posts 2025 Losses as It Extends Standstill and Advances Capital Restructuring
Mar 4, 2026
On March 4, 2026, Wallbox reported full-year 2025 revenue of €145.1 million with a gross margin of 38.3%, an operating loss of €99.3 million and sales of roughly 144,000 AC and 530 DC charging units, while cutting labor and other opera...
Wallbox Secures Further Extension of Standstill Deal With Lenders to March 1, 2026
Feb 6, 2026
On February 6, 2026, Wallbox N.V. disclosed that it has once again extended a standstill agreement with its banking syndicate as it continues negotiations over its long-term capital structure. The agreement, originally entered into on October 9, 2...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.