The stock of CBAK Energy Technology Inc. (CBAT, Financial) experienced a notable drop, falling 5.41%, with the price now at $0.960 per share. The trading volume reached 562,288 shares, reflecting a turnover rate of 0.63% and a volatility of 8.77%. Recent financial results showed the company generating a revenue of $47.79 million, a net profit of $6.45 million, and an earnings per share of $0.07. Its gross profit was $12.73 million, resulting in a price-to-earnings ratio of 4.83. Currently, there are no institutional buy, hold, or sell ratings available for CBAT.
In the electrical equipment and parts industry, where CBAT operates, the overall decline was 1.93%. Meanwhile, among peer companies, Microvast Holdings Inc C/Wts 01/04/2026 (To Pur Com) and Neovolta Inc. recorded substantial gains. Expion360 Inc., Lightbridge Corporation, and FuelCell Energy were more active with turnover rates of 40.98%, 8.47%, and 7.75% respectively. Stocks with significant volatility in the sector included Microvast Holdings Inc C/Wts 01/04/2026 (To Pur Com), Amprius Technologies, Inc., and GrafTech International Ltd., with respective amplitudes of 55.25%, 27.35%, and 21.01%.
CBAK Energy Technology Inc. specializes in producing and marketing a variety of standard and custom lithium-ion rechargeable batteries, operating through two major divisions. The CBAK division focuses on lithium-ion batteries, while the Hitrans division develops and manufactures NCM precursors and cathode materials. The company primarily earns revenue from mainland China, with additional operations in Europe, the United States, South Korea, and other countries.
