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CBAK Energy Technology, Inc. (CBAT)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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4.6300-0.1800 (-3.74%)
At close: 4:00PM EST
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Trade prices are not sourced from all markets
Previous close4.8100
Open4.8995
Bid4.6600 x 1300
Ask4.6500 x 2200
Day's range4.0000 - 4.8995
52-week range0.3600 - 11.4000
Volume4,269,148
Avg. volume10,849,275
Market cap407.931M
Beta (5Y monthly)3.42
PE ratio (TTM)N/A
EPS (TTM)-0.1330
Earnings date12 May 2021 - 17 May 2021
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est2.00
  • Why CBAK Energy Stock Soared 16% on Friday
    Motley Fool

    Why CBAK Energy Stock Soared 16% on Friday

    Shares of CBAK Energy Technology (NASDAQ: CBAT) had jumped an astounding 16.2% by 11:35 a.m. EST on Friday after the Chinese battery maker announced the invention of a new Special 26650 battery designed for use in ultra-low temperatures. As CBAK explained, the new battery is a variation of its current 26650 lithium rechargeable battery. Currently in "trial production," the Special 26650 battery is said to be exhibiting satisfactory test results so far.

  • CBAK Energy Develops Special 26650 Battery for Ultra-low Temperature Application
    PR Newswire

    CBAK Energy Develops Special 26650 Battery for Ultra-low Temperature Application

    CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it has started the trial production of its special 26650 lithium battery (the "Special 26650 Battery"). Different from our regular 26650 batteries that the company is currently manufacturing and selling, the Special 26650 Battery is a self-developed battery model specifically designed for application in ultra-low temperature environments. The Special 26650 Battery has delivered satisfactory test performance results to date, while the trial's production yield rate has also been very close to our required level for mass production. The Company believes that it will be capable of achieving mass delivery of its Special 26650 Battery by the second half of 2021.

  • CBAK Energy Announces the Closing of $70 Million Registered Direct Offering Priced At the Market Under Nasdaq Rules
    PR Newswire

    CBAK Energy Announces the Closing of $70 Million Registered Direct Offering Priced At the Market Under Nasdaq Rules

    CBAK Energy Technology, Inc. ("CBAK Energy," or the "Company," NASDAQ: CBAT), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it closed a registered direct placement of approximately $70 million of its common stock, priced at the market under applicable Nasdaq rules with a price of $7.83 per share, and the concurrent private placement on February 10, 2021, as previously announced on February 8, 2021. The Company issued a total of 8,939,976 shares of common stock to certain institutional investors. The Company also issued Series A-1 Warrants to the investors to purchase a total of 4,469,988 shares of common stock and Series A-2 Warrants to purchase up to 2,234,992 shares of common stock, both of which were issued at an exercise price of $7.67 per share. Series A-1 Warrants and Series A-2 Warrants are exercisable for 42 months and 45 months, respectively, from the issue date. In addition, the Company issued Series B Warrants to the same investors to purchase a total of 4,469,988 shares of common stock at an exercise price of $7.83 per share, which are exercisable for 90 days from the issue date.