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Wallbox
(NYSE:WBX)
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Rating:42Neutral
Price Target:
$2.50
▼(-17.76% Downside)
Action:Reiterated
Date:08/30/26
WBX scores low primarily due to weak financial performance—negative gross profit, persistent large losses, and a balance sheet with negative equity and meaningful debt—creating high solvency and execution risk. Technical signals also remain bearish with the price below key moving averages and a negative MACD, though oversold readings may indicate stabilization risk/reward near-term. Valuation is difficult to assess because losses make the P/E uninformative and there is no dividend yield support.
Positive Factors
Energy ecosystem integration
The Enode integration expands Wallbox beyond standalone hardware by connecting chargers with smart-energy applications and optimization services. This can improve product utility, deepen ecosystem relevance, and support longer-term software-enabled engagement as charging becomes more integrated with energy management.
Negative Factors
Unsustainable profitability
Negative gross profit means Wallbox is not currently covering product costs through revenue, making sustainable profitability especially difficult. Persistent operating and net losses can consume capital, limit reinvestment, and leave the company vulnerable if pricing, product mix, or costs do not improve materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Energy ecosystem integration
The Enode integration expands Wallbox beyond standalone hardware by connecting chargers with smart-energy applications and optimization services. This can improve product utility, deepen ecosystem relevance, and support longer-term software-enabled engagement as charging becomes more integrated with energy management.
Read all positive factors
Wallbox (WBX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$68.17M
Dividend YieldN/A
Average Volume (3M)15.78K
Price to Earnings (P/E)―
Beta (1Y)1.22
Revenue Growth-10.99%
EPS Growth-52.66%
CountryUS
Employees594
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-5.26
Shares Outstanding23,536,058
10 Day Avg. Volume17,792
30 Day Avg. Volume15,777
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.91
Price to Sales (P/S)0.21
P/FCF Ratio-756.59
Enterprise Value/Market Cap4.26
Enterprise Value/Revenue3.32
Enterprise Value/Gross Profit9.36
Enterprise Value/Ebitda-9.56
Forecast
1Y Price Target
$4.00Price Target Upside31.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-3.16
Revenue Forecast (FY)$139.46M
Wallbox Business Overview & Revenue Model
Company Description
Wallbox N.V., a technology firm, specializes in developing, producing, and supplying electric vehicle (EV) charging systems suitable for residential, commercial, and public applications. The company divides its operational scope into three primary...
How the Company Makes Money
Wallbox primarily makes money by selling EV charging hardware and associated solutions. Key revenue streams include: (1) Hardware sales: Revenue generated from the sale of residential AC chargers and commercial/public charging equipment (including...
Wallbox Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 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 | 87.33M | 139.39M | 164.01M | 144.23M | 143.47M | 71.85M |
| Gross Profit | 31.01M | -29.02M | 53.80M | 47.05M | 57.78M | 27.20M |
| EBITDA | -30.35M | -61.55M | -69.57M | -78.84M | -119.26M | -45.29M |
| Net Income | -94.35M | -99.12M | -149.04M | -112.43M | -62.49M | -224.63M |
Balance Sheet | ||||||
| Total Assets | 242.32M | 239.52M | 353.07M | 483.54M | 421.98M | 342.61M |
| Cash, Cash Equivalents and Short-Term Investments | 24.90M | 9.41M | 45.94M | 106.89M | 88.70M | 171.06M |
| Total Debt | 218.49M | 197.77M | 234.88M | 246.33M | 160.93M | 71.06M |
| Total Liabilities | 301.96M | 270.98M | 290.49M | 333.73M | 252.83M | 211.54M |
| Stockholders Equity | -59.56M | -31.69M | 64.80M | 149.79M | 169.15M | 131.07M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -38.00K | -84.04M | -93.57M | -187.22M | -88.17M |
| Operating Cash Flow | 0.00 | 10.00M | -49.76M | -81.55M | -126.65M | -61.41M |
| Investing Cash Flow | 0.00 | 11.62M | -38.11M | -53.19M | -12.97M | -77.87M |
| Financing Cash Flow | 0.00 | -32.19M | 2.85M | 156.73M | 103.84M | 217.78M |
Wallbox Technical Analysis
Negative
3.04
Price Trends
3.02
Negative
3.36
Negative
3.12
Negative
Market Momentum
-0.11
Negative
43.19
Neutral
71.73
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 3.04 is above the 20-day moving average (MA) of 2.84, above the 50-day MA of 3.02, and below the 200-day MA of 3.12, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 43.19 is Neutral, neither overbought nor oversold. The STOCH value of 71.73 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $11.96B | 81.32 | 19.83% | 1.26% | 24.95% | 120.02% | |
74 Outperform | $212.54B | 41.04 | 37.21% | 0.58% | 54.17% | 59.57% | |
70 Outperform | $3.34B | 59.60 | 10.97% | 0.13% | 25.26% | -4.61% | |
64 Neutral | $6.13B | 66.83 | 3.18% | 1.14% | 0.32% | -18.53% | |
63 Neutral | $11.24B | 48.58 | 15.93% | 0.14% | 24.58% | 159.06% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
42 Neutral | $68.17M | -0.37 | 527.07% | ― | -10.99% | -52.66% |
* Technology Sector Average
WBX
Wallbox
2.76
-4.16
-60.12%
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Wallbox Corporate Events
Wallbox Files Mid‑Year 2026 Financials and MD&A in Form 6‑K
Sep 29, 2026
Wallbox N.V., the Barcelona-based EV charging specialist, has filed a Form 6-K with U.S. regulators on September 29, 2026, furnishing its management’s discussion and analysis and unaudited interim condensed consolidated financial statements ...
Wallbox Posts Q2 2026 Loss but Strengthens Balance Sheet After Restructuring
Jul 30, 2026
On July 30, 2026, Wallbox reported second-quarter 2026 revenue of €23.9 million, a gross margin of 38% and an operating loss of €11 million, with adjusted EBITDA at negative €7.8 million. AC chargers generated 66% of sales and so...
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.