Wallbox NV (NYSE:WBX) shares are trading lower by 3.19% to $2.73 over the trailing five sessions. The stock is falling this week in sympathy with peer EV charging company ChargePoint Holdings Inc after the company reported worse-than-expected second-quarter results.
If investors perceive that poor results from ChargePoint are indicative of broader challenges or headwinds facing companies in the electric vehicle charging space, they may become more cautious about investing in such companies, including Wallbox.
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