STOCKS TELEGRAPH

Tag: CBAK Energy Technology

  • Why CBAK Energy Technology (CBAT) stock dropped in the current trading session

    CBAK Energy Technology Inc. (CBAT) stock slumped by -6.56% to trade at $4.42 in the current market at the time of writing. CBAT’s stock closed at $4.73 in the previous session. The CBAT stock volume traded at 1.28 million shares – lower than the average daily volume of 8.91 million shares in the past 100 days. The current market value of the stock is $438.05 million and the outstanding shares stood at 64.91 million.

    In the past week, CBAT stock moved down by -5.40%. Over the past three months, the stock has lost -37.76%, while over the past six months, it has added 27.49%. Furthermore, CBAT shares have risen by 1082.20% over the last 12 months.

    CBAK reports a positive outlook of the Full Year 2020 financial results

    Amidst the pandemic, CBAT stock grew and the company saw its total net revenue rise and its net losses fall. CBAK credits its robust business model and corporate strategy’s effectiveness which resulted in increasing financial capacity and capital mobilization for future development. The company released its financial report for 2020 on 12th April 2020.

    Financial Highlights of Fiscal Year 2020;

    • Total net revenues increased to US$37.6 million in FY 2020 compared to US$22.2 million in FY 2019 – a gain of 69.3%
    • Gross profit increased to US$2.7 million in FY 2020 compared to US$0.6 million in FY 2019
    • Net loss decreased to US$7.8 million in FY 2020 compared to US$10.9 million in FY 2019

    CBAK announces the addition of Fuel Cell development to its portfolio

    CBAK announced on 15th March 2021, that it has shown a keen expressed interest in the hydrogen fuel cell market by signing a memorandum of cooperation with a leading European Hydrogen energy group.

    The announcement does not specify if this is the actual name of the European Company or just a general description. However, CBAK does give details about the partner’s company operations and background.

    CBAK shows the consistent operational performance

    CBAK has been surging since the past year due to its growth potential in the EV market. CBAT stock maintained consistent operational activities during the EV market dip, which briefly propped up its stock value as it announced a new battery tech on Feb 19 which functions in ultra-low temperatures and known as 26650 lithium rechargeable batteries or simply Special 26650 battery.

    About CBAK Energy Technology

    CBAK Energy Technology, Inc. is an electrical equipment & parts company that deals with the production, manufacturing, and sale of electrification applications and solutions. The company has a diversified portfolio of electric products and solutions which include electric tools, electric cars, heavy electric vehicles, energy storage, uninterruptible power supply along with other powered applications. CBAT stock had recently entered the EV market and has been the first lithium battery manufacturer in China listed on the NASDAQ stock market. The company is currently a leading seller and manufacturer of the latest high-energy lithium battery.

  • CBAK Energy Technology (CBAT) stock soared in the after-hours trading session: here’s why

    CBAK Energy Technology (CBAT) stock soared in the after-hours trading session: here’s why

    CBAK Energy Tech (CBAT) stock recently traded at $5.02 which is a 0.40% upward movement. The CBAT stock previously closed at $5.00. CBAT stock also soared in the after-hours trading session by 16.53% at the time of writing.

    The boost in the CBAT stock price in the recent trading session has a possible relation with CBAK’s prospering performance and operation expansion in both the EV market and now recently the Hydrogen energy market.

    Brief introduction to CBAK Energy Technology

    CBAK Energy Technology, Inc. is an electrical equipment & parts company that deals with the production, manufacturing and sale of electrification applications and solutions. The company has a diversified portfolio of electric products and solutions which include electric tools, electric cars, heavy electric vehicles, energy storage, uninterruptible power supply along with other powered applications. CBAT stock had recently entered the EV market and has been the first lithium battery manufacturer in China listed on the NASDAQ stock market. The company is currently a leading seller and manufacturer of the latest high energy lithium battery.

    CBAK announces the addition of Fuel Cell development to its portfolio

    CBAK announced on 15th March 2021, that it has shown a keen expressed interest in the hydrogen fuel cell market by signing a memorandum of cooperation with a leading European Hydrogen energy group.

    The announcement does not specify if this is the actual name of the European Company or just a general description. However, CBAK, does give details about the partner’s company operations and background stating that it has 100 years of operation history and was created in 1902. The company has over 60,000 employees and its revenue reached 20.3 billion euros in 2017. Oxygen, Nitrogen, and Hydrogen are the related portfolios for its operations since its creation.

    The press release says that CBAK and the “Hydrogen Energy Group” will be actively looking for new partnership opportunities in the future which will include but not limit to areas of hydrogen fuel cell stack, hydrogen storage, refueling stations, Fuel cell production, and more. This MOC will give both company’s a boost for their stock value especially CBAT stock.

    CBAK shows a consistent operational performance

    CBAK has shown strong performance and fundamentals in this first week of the month and has been surging since the past year due to its growth potential in the EV market. However, it had a well over 19% plunge in February as the hype around growth stock and EV stocks died down in the month. This was because traders and investors have developed a more cautious approach to these stocks; they decided to sell off a substantial portion of the EV stocks.

    CBAT stock maintained consistent operational activities during the EV market dip, which briefly propped up its stock value as it announced a new battery tech on Feb 19 which functions in ultra-low temperatures and known as 26650 lithium rechargeable batteries or simply Special 26650 battery.

  • 41 Stocks Making Sharp Moves in Pre Market Session

    41 Stocks Making Sharp Moves in Pre Market Session

    NanoVibronix Inc. (NASDAQ: NAOV) shares are trading down -4.55% at $1.05 at the time of writing after announcing $6.0 million private placement. Company’s 52-week ranged between $0.54 to $3.50.
    Merrimack Pharmaceuticals Inc. (MACK) stock plunged -6.93% to $6.04 in the pre-market trading. The most recent rating by JP Morgan, on October 07, 2016, is a Neutral.
    Curis Inc. (CRIS) is down more than -5.85% at $1.77 in pre-market hours Thursday December 03, 2020 after declaring that it will host Virtual Event to discuss CA-4948 clinical data. The stock had jumped over 22.88% to $1.88 in the last trading session.
    Before the trading started on December 03, 2020, Obalon Therapeutics Inc. (OBLN) is down -8.62% to reach $1.06. It has been trading in a 52-week range of $0.62 to $2.14.
    Artelo Biosciences Inc. (ARTL) grew over 7.53% at $0.7065 in pre-market trading today following announcement its appointment of drug discovery and development veteran Gregory R. Reyes, M.D., Ph.D. to the Company’s Board of Directors.
    Acorda Therapeutics Inc. (ACOR), a Biotechnology company, dropped about -3.54% at $0.79 in pre-market trading Thursday.
    Ampio Pharmaceuticals Inc. (AMPE) is up more than 6.8% at $1.1 in pre-market hours Thursday December 03, 2020 after declaring its phase I study for Inhaled Ampion advances to completing enrollment of COVID-19 patients with respiratory distress. The stock had jumped over 12.65% to $1.03 in the last trading session.
    Nxt-ID Inc. (NASDAQ: NXTD) shares are trading down -6.11% at $0.446 at the time of writing. Company’s 52-week ranged between $0.21 to $0.89.
    OrganiGram Holdings Inc. (OGI) stock moved down -2.86 percent to $1.36 in the pre-market trading. The company recently released fourth quarter 2020 results.
    InVivo Therapeutics Holdings Corp. (NVIV) gained over 14.27% at $0.7999 in pre-market trading Thursday December 03, 2020.
    HEXO Corp. (HEXO) lost over -5.98% at $1.1 in pre-market trading Thursday December 03, 2020 as the firm recently revealed that it has repositioned the UP Cannabis brand with a differentiator of 20% THC or higher in all dried flower products, every time.
    Before the trading started on December 03, 2020, Aurora Cannabis Inc. (ACB) is down -2.92% to reach $10.63. It has been trading in a 52-week range of $3.71 to $32.88.
    Before the trading started on December 03, 2020, Golar LNG Limited (GLNG) is down -6.67% to reach $8.75 after declaring that it intends to offer, issue and sell to the public 11,000,000 common shares, par value $1.00 per share, through an underwritten public offering. It has been trading in a 52-week range of $4.54 to $15.24.
    Aeterna Zentaris Inc. (AEZS) stock soared 3.1% to $0.455 in the pre-market trading. The most recent rating by Maxim Group, on July 19, 2017, is a Buy.
    Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) shares are trading up 9.23% at $4.26 at the time of writing after reporting that it has screened the first patients in a global trial of its oral insulin capsule ORMD-0801 for the treatment of Nonalcoholic steatohepatitis (NASH). Company’s 52-week ranged between $2.40 to $6.05. Analysts have a consensus price target of $5.50.
    Ashford Hospitality Trust Inc. (AHT), a REIT – Hotel & Motel company, rose about 7.36% at $2.48 in pre-market trading Thursday.
    Ideanomics Inc. (IDEX) grew over 0.86% at $2.35 in pre-market trading today. The technology firm lately declared that its subsidiary, Tree Technologies Sd. Bhd., which owns the Treeletrik brand, has hired Richard Teoh as its Chief Financial Officer.
    AIkido Pharma Inc. (AIKI) is down more than -2.2% at $0.59 in pre-market hours Thursday December 03, 2020. The stock had jumped over 8.94% to $0.60 in the last trading session.
    NIO Limited (NIO), a Auto Manufacturers company, dropped about -2.21% at $46.92 in pre-market trading Thursday after providing its November 2020 delivery results.
    Genius Brands International Inc. (GNUS) is up more than 2.14% at $1.43 in pre-market hours Thursday December 03, 2020. The stock had jumped over 5.26% to $1.40 in the last trading session.
    Micro Focus International plc (MFGP) gained over 2.81% at $5.12 in pre-market trading Thursday December 03, 2020 following the publication its findings of ‘Endless Modernization’ research with Standish Group.
    Trine Acquisition Corp. (NYSE: TRNE) shares are trading up 6.44% at $14.22 at the time of writing. Company’s 52-week ranged between $9.40 to $13.94.
    Before the trading started on December 03, 2020, Borr Drilling Limited (BORR) is down -6.29% to reach $0.7625. The firm recently declared unaudited results for the three and nine months ended September 30, 2020. It has been trading in a 52-week range of $0.24 to $9.12.
    Blink Charging Co. (BLNK), a Specialty Retail company, dropped about -2.83% at $22.35 in pre-market trading Thursday.
    Boxlight Corporation (BOXL) lost over -2.53% at $1.54 in pre-market trading Thursday December 03, 2020. An education technology firm recently reported that Shaun Marklew has been appointed as Chief Technology Officer and Patrick Foley will be appointed as Chief Financial Officer on January 16, 2021.
    Before the trading started on December 03, 2020, Pyxis Tankers Inc. (PXS) is up 10.87% to reach $1.02. It has been trading in a 52-week range of $0.62 to $1.37.
    Orbital Energy Group Inc. (OEG) is down more than -3.1% at $1.25 in pre-market hours Thursday December 03, 2020 following announcement its wholly-owned transmission & distribution division, Orbital Power Services signed a Master Services Agreement with a midwestern investor-owned utility.
    Telefonica S.A. (TEF) is down more than -2.64% at $4.43 in pre-market hours Thursday December 03, 2020. The stock had jumped over 1.56% to $4.55 in the last trading session.
    Longview Acquisition Corp. (NYSE: LGVW) shares are trading up 7.86% at $15.79 at the time of writing. Company’s 52-week ranged between $9.34 to $17.99.
    UP Fintech Holding Limited (NASDAQ: TIGR) shares are trading up 3.51% at $5.61 at the time of writing. Company’s 52-week ranged between $2.03 to $7.60.
    Veru Inc. (VERU) gained over 10.39% at $3.4 in pre-market trading Thursday December 03, 2020.
    Tonix Pharmaceuticals Holding Corp. (TNXP) grew over 2.46% at $0.6414 in pre-market trading today.
    Before the trading started on December 03, 2020, Orange S.A. (ORAN) is down -5.39% to reach $12.28 after reporting that it plans to launch a conditional voluntary public takeover bid on all the shares of Orange Belgium that it does not yet own. It has been trading in a 52-week range of $9.93 to $16.08.
    Switchback Energy Acquisition Corporation (SBE) gained over 2.27% at $30.17 in pre-market trading Thursday December 03, 2020.
    Nano Dimension Ltd. (NNDM), a Computer Hardware company, rose about 4.69% at $6.7 in pre-market trading Thursday after closing the previously reported registered direct offering of 11,960,160 of the Company’s American Depositary Shares at a price of $5.00 per ADS.
    Harmony Gold Mining Company Limited (HMY) is down more than -2.42% at $4.44 in pre-market hours Thursday December 03, 2020. The stock had dropped over 0.00% to $4.55 in the last trading session.
    Waddell & Reed Financial Inc. (WDR) stock moved up 46.33 percent to $24.89 in the pre-market trading after declaring a merger agreement with Macquarie Asset Management, under which Macquarie would acquire Waddell & Reed Financial, Inc. for $1.7 Billion.
    Limelight Networks Inc. (LLNW) stock plunged -2.78% to $4.2 in the pre-market trading. The most recent rating by Goldman, on November 30, 2020, is a Neutral.
    Before the trading started on December 03, 2020, XP Inc. (XP) is down -1.88% to reach $39.65 after announcing pricing of public follow-on offering. It has been trading in a 52-week range of $15.50 to $52.94.
    CBAK Energy Technology Inc. (NASDAQ: CBAT) shares are trading up 2.75% at $7.1 at the time of writing. Company’s 52-week ranged between $0.36 to $11.40.
    Splunk Inc. (SPLK) tumbled over -20.5% at $163.69 in pre-market trading today as the firm released fiscal third quarter 2021 financial results.