Wallbox's Deep Discount Offers Significant Upside For Value Investors
Wallbox N.V.(WBX) Seeking Alpha·2024-09-04 14:36
PhonlamaiPhoto/iStock via Getty Images Barcelona-based EV charging provider Wallbox (NYSE:WBX) has seen brighter days. Wallbox stock nosedived more than 22% last year while dramatically underperforming the S&P 500. The steep drop stems from the growing pains in the EV sphere, driven by fierce competition, limited charging infrastructure, and geopolitical and economic headwinds. However, with a potential recovery beginning next year and anticipated interest rate cuts, the EV market and its sister concerns ar ...