On paper, Wallbox NV (NYSE:WBX) has been one of the best-performing electric vehicle (EV) brick-and-mortar companies. The Spanish-headquartered company continues to report excellent sales and financial results, including record revenue growth in the first quarter of 2022.
Despite the raft of good news and strong guidance, Wallbox stock has been, for the most part, trending lower since peaking in November 2021 at $18.50. As I write, it is trading at $10.62; WBX stock is down by 32% year-to-date and up by 6.8% year-over-year. However, the stock has been ripping higher recently.
What’s Going On With Wallbox NV?
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