Street Calls of the Week
DOVER, USA - Sunrise New Energy Co., Ltd. (NASDAQ:EPOW), a small-cap battery technology company with a market capitalization of $37.78 million, announced Tuesday that its subsidiary, Sunrise (Guizhou) New Energy Materials Co., Ltd., has been granted a Korean patent for its preparation method of anode material for lithium-ion batteries. The stock has shown notable momentum, gaining over 10% in the past week, according to InvestingPro data.
The patent (No. 10-2809382) covers a novel preparation method that reportedly improves efficiency, cycle life, and power performance of graphite-based anode materials. The company claims the technology enhances first-cycle Coulombic efficiency and high-rate capabilities for battery applications. While the company has demonstrated strong revenue growth of 44.28% over the last twelve months, InvestingPro analysis reveals challenges with negative gross margins of -8.92%.
"This Korean patent is a strong validation of our R&D and further proof of Sunrise’s leadership in advanced anode technologies," said Haiping Hu, CEO of Sunrise, in the press release statement.
The company indicated the patented technology could be applied to electric vehicles, grid-scale energy storage systems, and AI data center energy storage applications, which require high reliability and rapid charging capabilities.
Sunrise New Energy operates through a joint venture that has built a manufacturing facility in Guizhou Province, China, with a production capacity of 50,000 tons of graphite anode material. According to the company, the plant utilizes electricity from renewable sources.
The announcement comes as demand for lithium-ion battery components continues to grow globally, with manufacturers seeking improved performance for various applications. Investors seeking deeper insights into EPOW’s financial health and growth prospects can access additional analysis and 12 more exclusive ProTips through InvestingPro.
This article is based on a press release issued by Sunrise New Energy Co., Ltd.
In other recent news, Sunrise New Energy Co., Ltd. has been actively advancing its operations and technological capabilities. The company announced it has received a $137,000 grant from the Guizhou Provincial Department of Science and Technology to establish a Provincial Science and Technology Innovation Leading Talent Workstation for New Energy Battery Materials. In addition, Sunrise New Energy secured a U.S. patent for a novel preparation method of anode material for lithium-ion batteries, which enhances both the initial Coulombic efficiency and power performance of graphite composites. The company also revealed plans to build a 1GW lithium battery pack project in the United States through its new subsidiary, Alchemistica Incorporated, aimed at addressing the growing demand for energy storage in North America. Furthermore, Sunrise New Energy received a $0.59 million grant from the National Science and Technology Development Fund, supporting a project to advance innovations in battery anode materials. These recent developments highlight the company’s commitment to expanding its technological footprint and meeting market demands.
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