CBAK Energy Technology ( (CBAT) ) has released a notification of late filing.
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CBAK Energy Technology, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The primary reason for the delay is the company’s inability to finalize its financial statements for the quarter, which would require unreasonable effort or expense to complete within the original timeframe. The company anticipates filing the delayed report within the five-day grace period allowed by the Exchange Act Rule 12b-25. Importantly, CBAK Energy Technology does not expect any significant changes in its financial results compared to the same period last year, and no forward-looking statements have been made. The company remains committed to compliance, as indicated by the notification signed by Jiewei Li, the Chief Financial Officer.
Spark’s Take on CBAT Stock
According to Spark, TipRanks’ AI Analyst, CBAT is a Neutral.
CBAK Energy Technology is poised for growth with strong financial performance and positive technical indicators. While challenges in raw materials and declining consolidated revenues exist, the core battery segment’s expansion plans and profitability drive a promising outlook. The stock’s undervaluation adds to its appeal, despite the lack of dividend yield.
To see Spark’s full report on CBAT stock, click here.
More about CBAK Energy Technology
Average Trading Volume: 173,846
Technical Sentiment Signal: Sell
Current Market Cap: $80.94M
Learn more about CBAT stock on TipRanks’ Stock Analysis page.