Bank of America has recently predicted that the EV charging stock Wallbox could potentially return 60% in just 12 months. This is due to the increasing demand for electric vehicles and the need for more charging infrastructure.
Wallbox is a Spanish company that specializes in the design, manufacture, and distribution of EV charging solutions for both residential and commercial use. They offer a range of products, including home chargers, public chargers, and fast chargers.
The company has already established itself as a leader in the European market, with partnerships with major car manufacturers such as Audi, BMW, and Jaguar Land Rover. They have also expanded into the US market, with plans to open a new factory in Illinois.
With the global push towards electric vehicles, the demand for charging infrastructure is only going to increase. Wallbox is well-positioned to take advantage of this trend, with their innovative and user-friendly charging solutions.
Investing in Wallbox could be a smart move for those looking to capitalize on the growth of the EV market. With Bank of America predicting a potential 60% return in just 12 months, it’s definitely worth considering adding this stock to your portfolio.