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XI’AN, China - Smart Power Corp. (NASDAQ: CREG), a Chinese industrial waste-to-energy company with a market capitalization of $17.39 million, announced a strategic cooperation agreement with Shidai Huazhi (Jiangsu) Energy Technology Co., Ltd. to develop integrated solutions for photovoltaic, energy storage, charging, and inspection. According to InvestingPro analysis, the company currently trades at a notably low Price/Book ratio of 0.17, suggesting potential undervaluation. Discover more insights and 6 additional ProTips with an InvestingPro subscription. This partnership aims to advance urban energy infrastructure and contribute to China’s "dual carbon" objectives of carbon peak and carbon neutrality.
The collaboration will leverage Shidai Huazhi’s expertise in energy storage, led by industry veteran Mr. Huang Shilin, former general manager of battery giant CATL. Together, the companies will focus on constructing ultra-fast charging stations equipped with lithium iron phosphate batteries and an energy management platform. These stations are expected to save over one million yuan annually in electricity costs while reducing carbon emissions by over one thousand tons.
In addition to charging stations, the agreement covers the creation of intelligent microgrid systems that can self-regulate and respond to adjustable resource electricity, potentially forming a "energy internet +" industrial cluster by 2026. The partnership also includes exploring energy closed-loop models for urban governance, which could significantly impact the market before 2030.
The chairman of CREG emphasized that this cooperation is a significant step toward constructing a new power system and is central to the urban energy revolution. The integrated ultra-fast charging station is seen as a replicable solution for the global energy transition. While the company maintains strong liquidity with a current ratio of 9.25, InvestingPro data shows it faces profitability challenges with a negative earnings per share of -$0.18 over the last twelve months.
Furthermore, the companies plan to discuss further cooperation at the capital level, including the potential establishment of a joint venture subsidiary. This strategic move is expected to catalyze growth in the integrated industry of photovoltaic, energy storage, charging, and inspection, possibly reshaping energy production and consumption models. With CREG’s next earnings report due on April 11, 2025, and an overall Financial Health score of "FAIR" according to InvestingPro, investors will be watching closely to see how this partnership impacts the company’s performance.
Smart Power Corp. specializes in recycling industrial byproducts to generate electricity, supporting China’s environmental policies and the growing recycled energy market. The information in this article is based on a press release statement.
In other recent news, Smart Powerr Corp has made significant financial strides with the completion of two registered direct offerings. The company successfully closed a registered direct offering, selling 4,060,000 shares of common stock at $0.61 per share, which resulted in a substantial capital infusion. This offering was finalized on March 12, 2025, following an announcement earlier in March. In a separate transaction, Smart Powerr Corp completed another securities purchase agreement, issuing 900,000 shares of common stock at $0.62 per share, along with pre-funded warrants for an additional 2,340,000 shares. This agreement was finalized on January 3, 2025, marking another key financial milestone. The legal counsel for these transactions, Ortoli Rosenstadt LLP, validated the common stock and pre-funded warrants involved. These strategic financial moves aim to strengthen Smart Powerr Corp’s capital structure and support its growth initiatives. The company, formerly known by several names, continues to seek opportunities to enhance its business capabilities.
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