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CBAK Energy Technology (CBAT) AI Stock Analysis
CBAK Energy Technology
(NASDAQ:CBAT)
CBAT scores in the lower range, driven primarily by fragile financial performance: inconsistent revenue, collapsing gross margins in 2025, a return to net losses, and weak returns on equity. Low leverage and generally positive operating cash flow provide some stability but are not enough to offset the lack of sustained profitability. Valuation offers little support, with a negative P/E and no dividend. The main offsetting positive is the technical picture — the share price trades above its key moving averages, pointing to an improved longer-term trend, though near-term momentum indicators remain soft. Investors should look for margin stabilization and a return to consistent profitability before the score can improve materially.
CBAK Energy Technology (CBAT) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $98.40M
- Dividend Yield
- ―
- Average Volume (3M)
- 525.25K
- Price to Earnings (P/E)
- -5.9
- Beta (1Y)
- 0.89
- Revenue Growth
- 50.51%
- EPS Growth
- -4669.05%
- Country
- US
- Employees
- 1,739
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Electrical Equipment & Parts
CBAK Energy Technology Business Overview & Revenue Model
Company Description
CBAK Energy Technology, Inc. engages in the manufacture, commercialization, and distribution of lithium-ion rechargeable batteries. Its products are used for electronic vehicles, light electric vehicles, electric tools, energy storage, uninterruptibl...
CBAK Energy Technology Earnings Call Summary
The call conveyed strong top-line momentum, a robust turnaround in the raw materials segment (Hitrans), meaningful cash generation, major capacity additions and expanding global commercial partnerships — all signaling growth potential. Offsetting these positives were substantial margin compression, reported operating and net losses for both the quarter and full year, and timing risks as new production lines ramp. Management frames the losses as temporary, driven by strategic investments and capacity transitions that should unlock larger scale and improved margins in 2026–2027.
Q4-2025 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided that consolidated sales should hit a record high in 2026 as new capacity ramps complete — the Dalian 40135 line (2.3 GWh commissioned end‑2025) is in intensive ramp with demand > supply and is expected to finish ramping in H1 2026, while Nanjing added two Phase II lines (+3.0 GWh to complement 1.5 GWh Phase I) targeted to reach full capacity in early 2027 (management hopes H2 2026 if possible). They expect gross margins, which compressed to 7.3% in Q4 and 9.4% for FY2025 (vs. 13.1% and 23.7% prior year), to gradually recover in 2H 2026 and improve for full‑year 2026 as yields and fixed‑cost absorption normalize. Management pointed to Hitrans’ momentum (FY revenue $89.21M, +123% YoY) and planned capacity additions — a 10,000 MT cathode plant and 37,000 MT precursor facility with the cathode plant slated for full operation in H1 2027 — as additional upside, reiterated balance sheet strength ($75.68M cash, $48.55M net cash from operations, $44.65M capex spent in 2025), noted R&D of $15.8M (up 21%) to accelerate large‑format and sodium‑ion programs, and flagged export tax rebate cuts (13%→9%→6%→0% by Jan 2027) as a driver of their Malaysia localization plan (subsidiary incorporated Apr 30, 2025).
CBAK Energy Technology Financial Statement Overview
Summary
Weak overall financial profile. The income statement (28) is the biggest drag: volatile revenue that fell sharply from its 2022 peak before a modest 2025 recovery to $195M, erratic gross margins that collapsed from 23.7% in 2024 to 9.4% in 2025, and negative EBIT in most years with a swing back to a $9.4M net loss in 2025. The balance sheet (48) is the relative strength, with low leverage (debt-to-equity consistently below 0.32) and asset growth to $426M, but equity has drifted lower and return on equity has been negative in three of the last four periods. Cash flow (42) shows some resilience — positive operating cash flow in most years and free cash flow of $22.5M in 2024 — but free cash flow conversion weakened materially in 2025 as capital spending absorbed most operating cash. Reporting-unit distortions in TTM data further reduce visibility.
Income Statement
28NegativeBalance Sheet
48NeutralCash Flow
42Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 229.87M | 195.19M | 176.61M | 204.44M | 248.73M | 52.67M |
| Gross Profit | 14.66M | 18.42M | 41.78M | 31.72M | 18.10M | 5.11M |
| EBITDA | -5.51M | -560.82K | 18.79M | 11.44M | 4.27M | -8.44M |
| Net Income | -17.09M | -9.38M | 11.79M | -2.45M | -9.45M | 61.49M |
Balance Sheet | ||||||
| Total Assets | 491.01M | 426.18M | 302.22M | 281.16M | 244.03M | 262.62M |
| Cash, Cash Equivalents and Short-Term Investments | 9.34M | 8.30M | 10.96M | 4.64M | 6.52M | 8.15M |
| Total Debt | 51.01M | 37.74M | 30.14M | 35.74M | 17.62M | 15.17M |
| Total Liabilities | 388.80M | 316.70M | 182.15M | 167.70M | 119.65M | 121.73M |
| Stockholders Equity | 105.16M | 112.68M | 121.67M | 112.82M | 117.50M | 133.29M |
Cash Flow | ||||||
| Free Cash Flow | 36.71M | 3.90B | 22.52M | 15.37M | 2.74M | -23.48M |
| Operating Cash Flow | 80.46M | 48.55B | 39.70M | 46.51M | 15.11M | -4.27M |
| Investing Cash Flow | -47.60M | -45.71B | -23.43M | -42.31M | -7.93M | -38.08M |
| Financing Cash Flow | 13.39M | 8.00B | -11.69M | 18.62M | 5.61M | 48.27M |
CBAK Energy Technology Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBAT, the sentiment is Positive. The current price of 1.11 is above the 20-day moving average (MA) of 1.02, above the 50-day MA of 1.06, and above the 200-day MA of 0.84, indicating a bullish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 56.02 is Neutral, neither overbought nor oversold. The STOCH value of 68.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CBAT.
CBAK Energy Technology Risk Analysis
CBAK Energy Technology disclosed 114 risk factors in its most recent earnings report. CBAK Energy Technology reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksCBAK Energy Technology Peers Comparison
Overall Rating
ESP84Outperform
RFIL63Neutral
ULBI57Neutral- CBAT45Neutral
DFLI40Underperform
FLUX39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ESP | 84Outperform | $161.71M | 13.17 | 20.22% | 3.29% | 4.95% | 28.35% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| RFIL | 63Neutral | $83.42M | 34.56 | 6.69% | ― | 13.04% | ― |
| ULBI | 57Neutral | $260.28M | -39.01 | -4.95% | ― | 4.69% | -304.68% |
| CBAT | 45Neutral | $98.40M | -5.91 | -14.94% | ― | 50.51% | -4669.05% |
| DFLI | 40Underperform | $3.56M | -0.01 | -1565.55% | ― | -4.85% | 53.62% |
| FLUX | 39Underperform | $9.30M | -1.12 | -261.63% | ― | -36.58% | 5.31% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CBAT | Cbak Energy Tech | 1.11 | 0.19 | 20.65% | |
| ESP | Espey Mfg. & Electronics | 53.20 | 14.96 | 39.12% | |
| RFIL | Rf Industries, Ltd. | 7.69 | -0.06 | -0.77% | |
| ULBI | Ultralife | 15.62 | 8.67 | 124.75% | |
| FLUX | Flux Power Holdings | 0.43 | -2.23 | -83.87% | |
| DFLI | Dragonfly Energy Holdings Corp | 1.90 | -86.90 | -97.86% |
CBAK Energy Technology Corporate Events
CBAK Energy Restores Nasdaq Compliance After Bid-Price Warning
On October 5, 2026, CBAK Energy Technology Limited announced it had regained compliance with Nasdaq’s minimum bid price requirement after receiving a prior deficiency notice on April 30, 2026. Nasdaq confirmed that from September 16 through Oct...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 31, 2026