Sunrise New Energy Announces Delivery Of Over 3,000 Tons To Narada Power By End Of September, Driving Revenue Growth
Portfolio Pulse from Benzinga Newsdesk
Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) has announced the successful delivery of over 3,000 tons of products to Narada Power from January to September 2023. The company has become a strategic supplier for Narada Power since April 2022 and expects to reach an annual supply of 5,000 tons in 2023 and 8,000 tons in 2024. This partnership has resulted in predictable and sustained revenue growth for Sunrise.
October 17, 2023 | 1:27 pm
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Sunrise New Energy's successful delivery of products to Narada Power and its status as a strategic supplier is driving revenue growth. The company expects to increase its annual supply, which could further boost revenues.
Sunrise New Energy's partnership with Narada Power and the successful delivery of products is driving revenue growth for the company. The expected increase in annual supply indicates a potential for further revenue growth, which could positively impact the company's stock price in the short term.
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IMPORTANCE 80
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