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The latest update is out from U Power Limited ( (UCAR) ).
On January 20, 2026, the audit committee and board of U Power Limited approved a change in the company’s independent auditor, appointing HCL, PLLC to replace HHL LLP, with both the termination of HHL and the engagement of HCL effective as of January 13, 2026. HHL had conducted a limited review of U Power’s interim financial statements for the six months ended June 30, 2025, and the company reported that during this period and up to January 13, 2026 there were no disagreements with HHL on accounting principles, financial statement disclosure, or audit procedures, nor were there any reportable events; U Power also stated it had not previously consulted HCL on accounting or auditing matters prior to the engagement, and HHL subsequently confirmed its agreement with the company’s disclosure in a letter to the U.S. Securities and Exchange Commission dated January 27, 2026, suggesting the auditor transition is not being driven by disclosed disputes over financial reporting.
The most recent analyst rating on (UCAR) stock is a Hold with a $1.50 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 headquartered in Wuhu, Anhui Province, China. It is listed in the United States as a foreign private issuer and files its annual reports on Form 20-F, indicating a focus on operating and raising capital in U.S. securities markets while maintaining primary operations in China.
Average Trading Volume: 29,611
Technical Sentiment Signal: Sell
Current Market Cap: $9.65M
See more insights into UCAR stock on TipRanks’ Stock Analysis page.