Sunrise New Energy Co ( (EPOW) ) has released a notification of late filing.
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Sunrise New Energy Co. has announced a delay in filing its Form 20-F (Yearly Report) for the financial period ending December 31, 2024. The delay is attributed to time constraints in compiling and reviewing the necessary information, which made timely filing impractical without incurring undue hardship and expense. The company anticipates filing the report within 15 calendar days following the original due date. Financially, Sunrise New Energy Co. expects significant changes in its results, with revenues increasing by approximately $20 million due to a 126% rise in sales volume. Additionally, the company experienced a decrease in net loss by $15 million, attributed to reduced operating expenses and improved gross margins. The notification was signed by Haiping Hu, the Chief Executive Officer, highlighting the company’s commitment to ongoing compliance efforts.
Spark’s Take on EPOW Stock
According to Spark, TipRanks’ AI Analyst, EPOW is a Neutral.
Sunrise New Energy Co faces substantial financial difficulties with declining profitability and negative cash flow. The technical indicators are mixed, and the valuation is unattractive due to a negative P/E ratio. These factors contribute to a low overall stock score, highlighting the need for significant financial improvements.
To see Spark’s full report on EPOW stock, click here.
More about Sunrise New Energy Co
YTD Price Performance: 19.65%
Average Trading Volume: 21,910
Technical Sentiment Signal: Sell
For detailed information about EPOW stock, go to TipRanks’ Stock Analysis page.