|Bid||4.3700 x 1100|
|Ask||4.4900 x 2200|
|Day's Range||4.1700 - 4.4700|
|52 Week Range||0.4000 - 11.4000|
|Beta (5Y Monthly)||3.46|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 12, 2021 - May 17, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.00|
CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider, today announced its financial results for the year ended December 31, 2020. The Company intends to file its annual report containing its audited consolidated financial statements for the fiscal year ended December 31, 2020, on Form 10-K with the Securities and Exchange Commission (the "SEC") on or about April 12, 2021. When available, the annual report can be accessed on the Company's investor relations website at https://ir.cbak.com.cn and on the SEC's website at http://www.sec.gov.
Shares of CBAK Energy Technology (NASDAQ: CBAT) stock jumped 12.3% as of 10 a.m. EDT Monday, after the Chinese maker of rechargeable batteries maker expressed an interest in trying its hand at fuel cells, too. This morning, CBAK announced it has signed a memorandum of cooperation with a "leading European hydrogen energy group with 100 years of operation history." The purpose of the cooperation, says CBAK, will be "to promote the development of hydrogen fuel cells ... including but not limited to such areas as hydrogen fuel cell production, hydrogen fuel cell stack, hydrogen transportation, hydrogen storage, hydrogen refueling stations, and more."
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 signed a memorandum of cooperation (the "Cooperation") with a leading European hydrogen energy group with 100 years of operation history (the "Hydrogen Energy Company") to promote the development of hydrogen fuel cells.