Wallbox’s stock jumps after teaming up with Best Buy to sell Pulsar Plus home EV charges

Shares of Wallbox N.V.
WBX,
+0.37%
jumped 4.8% in premarket trading Wednesday, after the maker of electric vehicle charging systems said it was teaming up with Best Buy Co. Inc.
BBY,
+0.18%
to sell its Pulsar Plus EV chargers nationwide. The Pulsar Plus is compatible with all EVs, including those made by Tesla Inc.
TSLA,
-2.23%
when used with an adapter. The chargers will be available on BestBuy.com and in select Best Buy stores. WallBox’s stock had edged up 0.4% on Tuesday to snap a five-day losing streak in which it tumbled 12.6% to close Monday at a four-month low. The stock has lost 24.3% year to date through Tuesday, while shares of EV charging network companies Blink Charging Co.
BLNK,
+5.54%
have dropped 65.3% and of ChargePoint Holdings Inc.
CHPT,
-1.39%
have fallen 40.5%. The S&P 500
SPX,
-0.57%
has gained 16.2% this year.