U Power Limited (UCAR)
NASDAQ:UCAR
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U Power Limited
(NASDAQ:UCAR)
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Rating:40Underperform
Price Target:
$1.00
▼(-32.89% Downside)
Action:Downgraded
Date:05/23/26
The score is primarily constrained by very weak financial performance—large operating/net losses and substantial negative operating/free cash flow—despite low reported leverage. Technical signals also lean bearish, with price below key moving averages and negative MACD. Valuation adds little support because P/E and dividend yield are not meaningful/available in the provided data.
Positive Factors
Low Leverage
A low debt-to-equity (~0.09) gives the company balance-sheet flexibility and lowers interest obligations, which supports continued investment in infrastructure and international rollouts. This structural cushion reduces bankruptcy risk and preserves capacity to raise growth capital over the next several quarters.
Negative Factors
Severe Cash Burn
Sustained negative operating and free cash flow of roughly -$70M in 2025 signals the business is not self-funding. Persistent cash burn forces continual external financing, limits ability to scale operational investments without dilution, and raises sustainability risk if capital access tightens.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A low debt-to-equity (~0.09) gives the company balance-sheet flexibility and lowers interest obligations, which supports continued investment in infrastructure and international rollouts. This structural cushion reduces bankruptcy risk and preserves capacity to raise growth capital over the next several quarters.
Read all positive factors
U Power Limited (UCAR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$30.63M
Dividend YieldN/A
Average Volume (3M)97.57K
Price to Earnings (P/E)―
Beta (1Y)3.24
Revenue Growth-7.02%
EPS Growth-4.01%
CountryUS
Employees77
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)-590.23
Shares Outstanding25,705,849
10 Day Avg. Volume95,894
30 Day Avg. Volume97,568
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.02
Price to Sales (P/S)0.11
P/FCF Ratio-0.07
Enterprise Value/Market Cap0.10
Enterprise Value/Revenue0.55
Enterprise Value/Gross Profit3.53
Enterprise Value/Ebitda-0.45
Forecast
1Y Price Target
$2.00Price Target Upside34.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)$10.00M
U Power Limited Business Overview & Revenue Model
Company Description
Founded in 2013 and headquartered in Shanghai, People's Republic of China, U Power Limited is engaged in the new energy sector. The company primarily focuses on the conceptualization, manufacturing, and distribution of new energy vehicles and thei...
How the Company Makes Money
null...
U Power Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 41.13M | 44.29M | 19.76M | 7.80M | 8.01M |
| Gross Profit | 14.92M | 10.46M | 12.17M | 2.66M | 2.87M |
| EBITDA | -68.26M | -46.45M | -12.67M | -49.19M | -40.56M |
| Net Income | -68.72M | -47.92M | -19.34M | -45.92M | -41.40M |
Balance Sheet | |||||
| Total Assets | 378.80M | 385.71M | 428.99M | 281.85M | 353.67M |
| Cash, Cash Equivalents and Short-Term Investments | 21.95M | 23.43M | 3.75M | 4.88M | 14.79M |
| Total Debt | 24.76M | 32.44M | 45.25M | 36.09M | 26.83M |
| Total Liabilities | 90.03M | 64.73M | 84.37M | 76.84M | 95.99M |
| Stockholders Equity | 271.02M | 291.47M | 306.67M | 165.94M | 211.86M |
Cash Flow | |||||
| Free Cash Flow | -70.39M | -73.18M | -66.32M | -20.69M | -93.22M |
| Operating Cash Flow | -69.89M | -73.17M | -65.44M | -12.89M | -82.23M |
| Investing Cash Flow | 23.83M | 49.09M | -84.08M | -11.39M | -14.76M |
| Financing Cash Flow | 47.09M | 12.96M | 179.40M | 4.50M | -4.00M |
U Power Limited Technical Analysis
Negative
1.49
Price Trends
1.49
Negative
5.51
Negative
12.19
Negative
Market Momentum
-0.14
Negative
33.51
Neutral
29.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UCAR, the sentiment is Negative. The current price of 1.49 is above the 20-day moving average (MA) of 1.35, below the 50-day MA of 1.49, and below the 200-day MA of 12.19, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 33.51 is Neutral, neither overbought nor oversold. The STOCH value of 29.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UCAR.
U Power Limited Risk Analysis
U Power Limited disclosed 86 risk factors in its most recent earnings report. U Power Limited 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
U Power Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
44 Neutral | $122.54M | -16.04 | 45.03% | ― | -53.68% | -128.21% | |
43 Neutral | $7.77M | -0.08 | -543.84% | ― | ― | 91.89% | |
42 Neutral | $4.76M | >-0.01 | -34.15% | ― | ― | ― | |
40 Underperform | $30.63M | -0.40 | -23.65% | ― | -7.02% | -4.01% |
* Consumer Cyclical Sector Average
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U Power Limited Corporate Events
U Power Forms Hydro Data JV and Wins Hydrogen-Based Energy Deal for Thai Data Center
Jun 9, 2026
On April 23, 2026, U Power Limited signed a joint venture agreement with Jiangsu Guofu Hydrogen Energy Equipment and Cloud Digital Chain to create Hydro Data Limited, a Hong Kong-based vehicle controlled by U Power to deliver AI-driven energy mana...
U Power Cancels May 19 Extraordinary Meeting on Share Capital Changes
May 14, 2026
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 tha...
U Power Calls May 19 EGM to Expand Authorized Capital and Revise Share Structure
Apr 29, 2026
U Power Limited has called an extraordinary general meeting of shareholders for May 19, 2026, in Shanghai, with virtual participation available, to decide on key changes to its capital structure and governing documents. Holders of Class A and high...
U Power Raises $25.7 Million to Accelerate Global Hydrogen and Battery-Swapping Expansion
Apr 28, 2026
On April 27, 2026, U Power Limited entered into subscription agreements with ten non-U.S. investors to sell 15,670,737 Class A ordinary shares at $1.64 each, raising gross proceeds of $25.7 million in a Regulation S private placement. The deal, ap...
U Power Limited Raises $3.19 Million via Offshore Share Subscription
Apr 7, 2026
On April 7, 2026, U Power Limited entered into subscription agreements with seven non-U.S. purchasers to issue 2.9 million Class A ordinary shares at $1.10 per share, raising approximately $3.19 million in gross proceeds. The board-approved, Regul...
U Power Limited to Implement 10-for-1 Share Consolidation Effective March 30, 2026
Mar 24, 2026
U Power Limited will implement a 10-for-1 consolidation of all its authorized, issued and unissued ordinary shares, a move that was approved by shareholders on December 5, 2025, and by the board on November 4, 2025. Following the consolidation, th...
U Power Raises $6 Million in Warrant-Heavy Follow-On Offering
Mar 20, 2026
On March 20, 2026, U Power Limited closed an underwritten follow-on public offering of 13,360,000 units, each comprising one Class A ordinary share and one Class A warrant, at $0.449 per unit for gross proceeds of about $6 million before fees. The...
U Power Retires Sabby Warrants in Share-for-Warrant Exchange
Mar 18, 2026
On March 18, 2026, U Power Limited entered into a Warrant Exchange and Cancellation Agreement with Sabby Volatility Warrant Master Fund Ltd., under which the fund surrendered 551,628 ordinary share purchase warrants issued in July 2025. All rights...
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.