CBAK Energy Technology Inc (CBAT)
NASDAQ:CBAT
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CBAK Energy Technology
(NASDAQ:CBAT)
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Rating:48Neutral
Price Target:
$0.73
▼(-14.24% Downside)
Action:Reiterated
Date:05/19/26
The score is held down primarily by weak technicals (price below key moving averages and negative MACD) and unstable profitability (recent losses and margin compression). Offsetting factors include strong recent cash generation, moderate leverage, and a more optimistic earnings-call outlook tied to capacity ramp and expected margin recovery, though listing-compliance risk remains a notable overhang.
Positive Factors
Capacity additions and product ramp-up
New 40135 and Nanjing Phase II capacity materially expand manufacturing scale, enabling the firm to convert demand into sustained revenue over 2026–27. Higher installed capacity supports fixed-cost absorption, longer-term unit-cost reductions and the ability to serve larger LEV/REV contracts as volumes normalize.
Negative Factors
Margin compression and reported losses
Sharp margin deterioration and reported net losses indicate structural profitability pressure from higher unit costs and suboptimal yields. Unless yields and cost structure improve, multi-quarter compressed margins will limit free-cash conversion and constrain reinvestment despite top-line growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Capacity additions and product ramp-up
New 40135 and Nanjing Phase II capacity materially expand manufacturing scale, enabling the firm to convert demand into sustained revenue over 2026–27. Higher installed capacity supports fixed-cost absorption, longer-term unit-cost reductions and the ability to serve larger LEV/REV contracts as volumes normalize.
Read all positive factors
CBAK Energy Technology (CBAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$65.25M
Dividend YieldN/A
Average Volume (3M)480.62K
Price to Earnings (P/E)―
Beta (1Y)0.74
Revenue Growth50.51%
EPS Growth-4669.05%
CountryUS
Employees1,463
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.18
Shares Outstanding88,645,836
10 Day Avg. Volume1,041,895
30 Day Avg. Volume480,619
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)<0.01
Price to Sales (P/S)0.38
P/FCF Ratio0.02
Enterprise Value/Market Cap1.51
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.09
Enterprise Value/Ebitda-7.44
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.01
Revenue Forecast (FY)$319.36M
CBAK Energy Technology Business Overview & Revenue Model
Company Description
CBAK Energy Technology, Inc., together with its subsidiaries, develops, manufactures, and sells lithium batteries in Mainland China, the United States, Korea, Europe, and internationally. Its products are used in various applications, including el...
How the Company Makes Money
CBAK makes money primarily by selling lithium-ion battery products to business customers. Its core revenue stream is the sale of battery cells and assembled battery packs/systems used in end markets such as electric mobility (notably two- and thre...
CBAK Energy Technology Earnings Call Summary
Earnings Call Date:Mar 30, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 17, 2026
Earnings Call Sentiment Positive
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.Positive Updates
Quarterly Revenue Surge
Consolidated net revenue for Q4 2025 rose 131.8% year-over-year to $58.80 million, demonstrating strong near-term top-line momentum.
Negative Updates
Significant Margin Compression
Q4 gross profit was $4.28 million with a gross margin of 7.3% (down from 13.1% in Q4 2024). Full-year gross profit was $18.42 million with a 9.4% margin (down from 23.7% in 2024), driven by higher unit costs, suboptimal yields and fixed-cost absorption during capacity ramp-ups.
Read all updates
Q4-2025 Updates
Positive
Negative
Quarterly Revenue Surge
Consolidated net revenue for Q4 2025 rose 131.8% year-over-year to $58.80 million, demonstrating strong near-term top-line momentum.
Read all positive 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
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.78B | 195.19M | 176.61M | 204.44M | 248.73M | 52.67M |
| Gross Profit | 1.05B | 18.42M | 41.78M | 31.72M | 18.10M | 5.11M |
| EBITDA | -13.26M | -8.08M | 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 | 426.18B | 302.22M | 281.16M | 244.03M | 262.62M |
| Cash, Cash Equivalents and Short-Term Investments | 9.34M | 8.30B | 10.96M | 4.64M | 6.52M | 8.15M |
| Total Debt | 43.35M | 33.62B | 30.14M | 35.74M | 17.62M | 15.17M |
| Total Liabilities | 388.80M | 316.70B | 182.15M | 167.70M | 119.65M | 121.73M |
| Stockholders Equity | 105.16M | 112.68B | 121.67M | 112.82M | 117.50M | 133.29M |
Cash Flow | ||||||
| Free Cash Flow | 10.53B | 3.90B | 22.52M | 15.37M | 2.74M | -23.48M |
| Operating Cash Flow | 22.34B | 48.55B | 39.70M | 46.51M | 15.11M | -4.27M |
| Investing Cash Flow | -11.82B | -45.71B | -23.43M | -42.31M | -7.93M | -38.08M |
| Financing Cash Flow | 11.32B | 8.00B | -11.69M | 18.62M | 5.61M | 48.27M |
CBAK Energy Technology Technical Analysis
Negative
0.85
Price Trends
0.83
Negative
0.87
Negative
0.90
Negative
Market Momentum
-0.02
Positive
27.77
Positive
18.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBAT, the sentiment is Negative. The current price of 0.85 is above the 20-day moving average (MA) of 0.79, above the 50-day MA of 0.83, and below the 200-day MA of 0.90, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 27.77 is Positive, neither overbought nor oversold. The STOCH value of 18.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CBAT.
CBAK Energy Technology Risk Analysis
CBAK Energy Technology disclosed 57 risk factors in its most recent earnings report. CBAK Energy Technology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CBAK Energy Technology Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $180.32M | 13.48 | 20.38% | 3.00% | -8.09% | 42.56% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $183.95M | -523.92 | 0.77% | ― | 13.82% | ― | |
61 Neutral | $101.61M | -60.20 | -6.14% | ― | 8.42% | -254.85% | |
48 Neutral | $65.25M | -1.99 | -0.06% | ― | 50.51% | -4669.05% | |
44 Neutral | $23.32M | -793.40 | 1227.16% | ― | 6.76% | 56.18% | |
42 Neutral | $21.36M | -1.80 | -737.52% | ― | -19.55% | 31.32% |
* Industrials Sector Average
CBAT
CBAK Energy Technology
0.73
-0.10
-11.94%
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CBAK Energy Technology Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
CBAK Energy Faces Nasdaq Noncompliance Over Minimum Bid
Negative
May 1, 2026
On April 30, 2026, CBAK Energy Technology, Inc. disclosed that it received a notice from Nasdaq stating the company is no longer in compliance with the exchange’s minimum bid price rule, after its shares closed below $1.00 for 30 consecutive...
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
CBAK Energy Shareholders Approve Redomiciliation Merger Plan
Positive
Mar 19, 2026
On March 18, 2026, CBAK Energy Technology held a special meeting of stockholders in Dalian, China, where shareholders representing 56.71% of outstanding shares approved a redomiciliation merger with CBAT Cayman, under which the existing company wi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.