Wallbox: High-Risk Bet Worth Considering At Oversold Levels
Wallbox N.V.(WBX) Seeking Alpha·2024-11-13 12:57
The electric vehicle charging industry stock has been trending lower on the back of macroeconomic challenges, cash burn, and slower than expected adoption of EVs. Intense competition is another factor that has negatively impacted sentiments.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving comp ...