#7 - Wallbox (NYSE:WBX)
Wallbox N.V. (NYSE: WBX) is a company that will be integral to building out charging networks for residential, business, and public use. The international company is creating smart charging systems “that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building, and charger.”
The compelling story for Wallbox is how fast the company is growing revenue. In its most recent quarter, the company reported triple-digit growth from 2022, and the company was selected by the electric vehicle (EV) startup Fisker, Inc. (NYSE: FSR) as its home charging partner.
And investors get this growth in a stock that is still trading as a penny stock. However, with the company expected to become profitable in the next 12 months, WBX is not likely to be a penny stock for long. That’s the opinion of the analysts tracked by MarketBeat, who give the stock a Buy rating with a 132% upside in the company’s stock price.
About Wallbox
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 - Current Price
- $0.68
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 2 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $1.56 (129.8% Upside)
One thing that you can see from this list is that you can find stocks with the potential to double in a range of sectors. But with over 6,000 stocks to choose from, it can be a daunting task for many investors. This is particularly true when many of these stocks are considered penny stocks that are known to be volatile.
MarketBeat has tools to help investors. Our updated stock screener allows investors to search for stocks based on the criteria that they define. You can focus on small-cap or mid-cap stocks. You can zero in on technology stocks or energy stocks. You can define your own price targets or how much growth is expected over a time period that you define.
And while this should only be a starting point for your research, it can give you ideas and point you in directions that you may not have previously considered.
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