Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Research Coverage on Small and Micro-Cap Companies

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Equity Bottom-Up

CBAK Energy Technology  / Equity Bottom-Up

<ul><li>CBAK Energy Technology released its first-quarter results, which again demonstrated significant growth in Light Electric Vehicle (LEV) sales and impressive results from the company's raw material business.</li><li> Demand for the company's cells has outstripped supply capacity recently, but significant capacity enhancements at its Dalian and Nanjing facilities are gradually enabling it to meet demand.</li><li>Demand for the company's cells remains robust, but the expansion has impacted efficiency and margins more than we anticipated.</li></ul>

CBAK Energy Technology released its first-quarter results, which again demonstrated significant growth in Light Electric Vehicle (LEV) sales and impressive results from the company's raw material business. Demand for the company's cells has outstripped supply capacity recently, but significant capacity enhancements at its Dalian and Nanjing facilities are gradually enabling it to meet demand.Demand for the company's cells remains robust, but the expansion has impacted efficiency and margins more than we anticipated.

CBAT: Strong topline performance across all business lines

<ul><li>CBAK Energy Technology released its fourth-quarter results, which again demonstrated strong Light Electric Vehicle (LEV) sales and a continued resurgence in the company's raw material business.</li><li> The company has made significant capacity enhancements at its Dalian facility (from 1 to 3.3 GWh) and its Nanjing facilities (from 1.5 to 4.5 GWh).</li><li>Demand for the company's cells remains robust, but the expansion has impacted efficiency and margins.</li></ul>

CBAK Energy Technology released its fourth-quarter results, which again demonstrated strong Light Electric Vehicle (LEV) sales and a continued resurgence in the company's raw material business. The company has made significant capacity enhancements at its Dalian facility (from 1 to 3.3 GWh) and its Nanjing facilities (from 1.5 to 4.5 GWh).Demand for the company's cells remains robust, but the expansion has impacted efficiency and margins.

CBAT: Battery raw materials demand reemerges, but margins impacted by expansion.

<ul><li>CBAK Energy Technology's shares have trailed the broader market during the first month of 2026 (down 6%) amid continued trade concerns and prospective policy changes in China.</li><li> While we speculate that the sharp rise in global battery equipment demand has increased the time to fulfill equipment orders, we still believe that 2026 will mark another major expansion of CBAK's production capacity.</li><li> A newly updated investor presentation highlights several key strategic decisions, including plans to mitigate trade risk and expansion plans.</li></ul>

CBAK Energy Technology's shares have trailed the broader market during the first month of 2026 (down 6%) amid continued trade concerns and prospective policy changes in China. While we speculate that the sharp rise in global battery equipment demand has increased the time to fulfill equipment orders, we still believe that 2026 will mark another major expansion of CBAK's production capacity. A newly updated investor presentation highlights several key strategic decisions, including plans to mitigate trade risk and expansion plans.

CBAT: Trade and policy concerns continue to weigh on the stock. 2026 should be a pivotal year.

<ul><li>CBAK Energy Technology released its third-quarter results, which included a substantial improvement in sales to Light Electric Vehicle (LEV) customers and a rebound in the company's raw material business.</li><li> The company has commenced production of larger-format 40135 cells at its Dalian facility and anticipates increasing its production capacity to 100,000 cells per day by year-end.</li><li>The Nanjing facility expansion is also expected to be announced in the coming weeks, accompanied by a planned video walkthrough.</li></ul>

CBAK Energy Technology released its third-quarter results, which included a substantial improvement in sales to Light Electric Vehicle (LEV) customers and a rebound in the company's raw material business. The company has commenced production of larger-format 40135 cells at its Dalian facility and anticipates increasing its production capacity to 100,000 cells per day by year-end.The Nanjing facility expansion is also expected to be announced in the coming weeks, accompanied by a planned video walkthrough.

CBAT: Surprising pockets of strength in Q3. Valuation remains compelling.

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>US clean energy advances include LA’s Forest Road launching a $750-million CenterNode fund for small-scale (5-10 MW) solar and battery projects hit by Trump’s OBBB Act, which axes tax credits post-July 2026, targeting quick financing for community and off-grid sites amid surging demand.</li><li>Northeast Arkansas farmers are scaling canola production to 1 million acres for Chevron/Bunge renewable jet fuel.</li><li>Go Green Restoration leads eco-friendly water damage restoration in Southern California with 24/7 services. </li></ul>

US clean energy advances include LA’s Forest Road launching a $750-million CenterNode fund for small-scale (5-10 MW) solar and battery projects hit by Trump’s OBBB Act, which axes tax credits post-July 2026, targeting quick financing for community and off-grid sites amid surging demand.Northeast Arkansas farmers are scaling canola production to 1 million acres for Chevron/Bunge renewable jet fuel.Go Green Restoration leads eco-friendly water damage restoration in Southern California with 24/7 services. 

Sustainable Investing Surveyor : Focus on ClearSign Technologies - 6 April 2026

United States

CBAK Energy Technology, Inc. manufactures and distributes a wide variety of standard and customized lithium ion rechargeable batteries. The Company supplies rechargeable lithium ion batteries for use in mobile phones and various other portable electronic applications, including handset telephones, laptop computers, digital cameras, and video.

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CBAK Energy Technology (CBAT US)

CBAT: Strong topline performance across all business lines

CBAK Energy Technology released its first-quarter results, which again demonstrated significant growth in Light Electric Vehicle (LEV) sales and...

Zacks Small Cap Research

CBAT: Battery raw materials demand reemerges, but margins impacted by expansion.

CBAK Energy Technology released its fourth-quarter results, which again demonstrated strong Light Electric Vehicle (LEV) sales and a continued...

Zacks Small Cap Research

CBAT: Trade and policy concerns continue to weigh on the stock. 2026 should be a pivotal year.

CBAK Energy Technology's shares have trailed the broader market during the first month of 2026 (down 6%) amid continued trade concerns and...

Zacks Small Cap Research

CBAT: Surprising pockets of strength in Q3. Valuation remains compelling.

CBAK Energy Technology released its third-quarter results, which included a substantial improvement in sales to Light Electric Vehicle (LEV)...

Zacks Small Cap Research

Sustainable Investing Surveyor : Focus on ClearSign Technologies - 6 April 2026

US clean energy advances include LA’s Forest Road launching a $750-million CenterNode fund for small-scale (5-10 MW) solar and battery projects hit...

Water Tower Research

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