Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

Why CBAK Energy Shares Are Trading Higher Today

Renewable Energy
  • CBAK Energy Technology, Inc. (NASDAQ:CBAT) received an order from a European provider of heating, cooling, and renewable energy systems for a supply of lithium-ion batteries worth EUR 28.2 million ($29.3 million).
  • CBAK Energy is expected to ship ~13.9 million units of batteries to the customer. The new order brings the total order value for the same customer in 2022 to ~EUR 31.2 million.
  • In 2022, CBAK Energy is expected to deliver 9.9 million units of batteries to the customer for an estimated EUR 17.1 million.
  • Price Action: CBAT shares are trading higher by 17.7% at $1.13 on the last check Friday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Ryan Reynolds' 'Secret Daughter'? Meet Natalie Reynolds, the TikTok Star Baffling the Internet
A tearful video by influencer Natalie Reynolds led to viral speculation she was related to Ryan Reynolds—a rumour with no evidence beyond her surname.
International Business Times UK
International Business Times UK
Why Americans who threatened to leave after Trump’s re-election are staying put
Despite 21% of Americans saying they would leave if Trump won the election – many are now choosing to stay
The Independent UK
The Independent UK
Rob McElhenney defends 'kinda douchey' name change
It's Always Sunny In Philadelphia actor Rob McElhenney has defended his decision to legally change his name.
BANG Premier
BANG Premier
Blake Lively to subpoena Perez Hilton and Candace Owens over alleged Baldoni smear campaign
Hilton and Owens have denied receiving the subpoenas as yet
The Independent UK
The Independent UK
How can I use leftover pickle brine in day-to-day cooking?
Many cultures use pickle brine as a seasoning, so it’s open season on salads, noodles, bloody marys … and for, er, ‘backslopping’
The Guardian - UK
The Guardian - UK
Donkey Kong Bananza: gorilla finds his groove with Mariah Carey on his shoulder
For his first Nintendo Switch 2 appearance, DK goes on a rhythmic rampage, powered up to new hulking heights by singing sidekick Pauline. It’s big, brash and impossibly enjoyable
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play