Sunrise New Energy Secures 10,000 Tons Incremental Order From Existing Customer Narada Power For 2024, 3 Times The Order For 2023; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) has received a new order for 10,000 tons of anode materials from Narada Power for 2024, which is three times the size of the order for 2023. The company has been a core supplier for Narada Power and is on track to deliver 3,500 tons by the end of 2023. The increased order size indicates a strengthened relationship and is expected to significantly boost sales revenue and profitability for Sunrise New Energy.
December 11, 2023 | 2:45 pm
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POSITIVE IMPACT
Sunrise New Energy's new 10,000-ton order from Narada Power for 2024 is expected to significantly increase sales revenue and profitability, indicating a positive outlook for the company's financial performance.
The announcement of a substantial order from Narada Power, which is three times larger than the previous year's order, is a strong indicator of growth and customer trust in Sunrise New Energy. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price, given the expected boost in sales revenue and profitability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100