U Power Cancels May 19 Extraordinary Meeting on Share Capital Changes

U Power Limited ( (UCAR) ) just unveiled an update.

U Power Limited has informed shareholders that it has cancelled an extraordinary general meeting that had been scheduled for May 19, 2026, in Shanghai. The board acted under the company’s memorandum and articles of association and stated that any proxies already submitted for the meeting are now void.

The cancelled meeting had been convened to vote on increasing the company’s authorised share capital, adopting a new set of amended and restated constitutional documents reflecting that increase, and implementing a share consolidation. The decision to halt these capital structure changes removes, at least for now, a planned overhaul of U Power’s equity base that could have affected shareholder holdings and the company’s future financing flexibility.

The most recent analyst rating on (UCAR) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on U Power Limited stock, see the UCAR Stock Forecast page.

Spark’s Take on UCAR Stock

According to Spark, TipRanks’ AI Analyst, UCAR is a Neutral.

The score is held back primarily by ongoing unprofitability and weak cash flows despite strong revenue growth. Technicals are mixed with only modest near-term momentum and a weaker longer-term trend. Valuation is also constrained by the negative P/E and lack of dividend yield data.

To see Spark’s full report on UCAR stock, click here.

More about U Power Limited

U Power Limited is a Cayman Islands-incorporated company with principal executive offices in Shanghai, China. It is listed in the United States as a foreign private issuer and files annual reports on Form 20-F, indicating a focus on accessing international capital markets, though this filing does not detail its specific operating industry or products.

Average Trading Volume: 13,271,186

Technical Sentiment Signal: Sell

Current Market Cap: $3.33M

See more data about UCAR stock on TipRanks’ Stock Analysis page.