Wallbox (WBX) gains on Costco (COST) EV partnership

Shares of Wallbox (NYSE: WBX) gained close to 9.5% in pre-market trading Thursday morning after the leading provider of electric vehicle charging and energy management solutions announced that it was entered into a retail partnership with Costco (NASDAQ: COST).

According to the announcement, Wallbox will make its best-selling Pulsar Plus EV charger available at Costco locations across the U.S. and through Costco.com starting in July, marking Costco’s most extensive EV charging deployment to date.

“We continue to see exceptional demand for Pulsar Plus across the U.S. because of its compact form factor, energy management features, and easy installation," said Brett Graessle, VP of Partnerships and Business Development for Wallbox. "Partnering with one of the most popular membership warehouse clubs, like Costco, enables us to expand our distribution footprint and connect with a broader consumer audience. We’re excited to bring Pulsar Plus to millions of Costco members across the entire U.S. "

Shares of WBX are up 9.44% in pre-market trading on Thursday.

By Michael Elkins | [email protected]

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