Sunrise New Energy (NASDAQ:EPOW) Issues Earnings Results

Sunrise New Energy (NASDAQ:EPOW) released its earnings results on Thursday. The company reported ($0.26) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $9.22 million for the quarter.

Sunrise New Energy Price Performance

Shares of NASDAQ:EPOW traded down $0.05 during midday trading on Friday, reaching $0.66. The company had a trading volume of 163,048 shares, compared to its average volume of 533,405. The company’s 50 day moving average price is $0.77 and its 200 day moving average price is $0.91. Sunrise New Energy has a 52-week low of $0.57 and a 52-week high of $1.86.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Sunrise New Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Sunrise New Energy

An institutional investor recently bought a new position in Sunrise New Energy stock. XTX Topco Ltd bought a new position in Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 29,799 shares of the company’s stock, valued at approximately $29,000. XTX Topco Ltd owned about 0.12% of Sunrise New Energy as of its most recent filing with the Securities & Exchange Commission. 31.86% of the stock is currently owned by institutional investors and hedge funds.

Sunrise New Energy Company Profile

Sunrise New Energy Technologies, Inc (NASDAQ: EPOW) is a Delaware-based holding company focused on the development, manufacturing and sale of advanced energy solutions. Through its operating subsidiaries, the company provides battery systems, energy storage modules and power management software designed to support electric vehicles, renewable energy integration and portable power applications. Its offerings include lithium-ion battery packs, battery management systems (BMS) and turnkey energy storage solutions suitable for residential, commercial and industrial use.

The company’s product lineup is engineered to deliver high energy density, long cycle life and robust safety features.