Wallbox (NYSE:WBX – Get Free Report) had its target price reduced by stock analysts at UBS Group from $1.75 to $1.25 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 13.64% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus dropped their price objective on Wallbox from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Canaccord Genuity Group dropped their price objective on Wallbox from $4.00 to $3.25 and set a “buy” rating on the stock in a research note on Tuesday, July 9th.
View Our Latest Analysis on Wallbox
Wallbox Trading Down 1.8 %
Institutional Investors Weigh In On Wallbox
An institutional investor recently bought a new position in Wallbox stock. J. Stern & Co. LLP acquired a new stake in Wallbox (NYSE:WBX – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $66,000. 36.94% of the stock is 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.
Read More
- Five stocks we like better than Wallbox
- 3 Small Caps With Big Return Potential
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- Technology Stocks Explained: Here’s What to Know About Tech
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
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.