Sunrise New Energy shares are trading higher after the company announced its subsidiary was selected for the "2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property" funding list. Also, the company announced it achieved a milestone with the delivery of 5,800 tons of energy storage material to Xiamen HiTHIUM Energy Storage Technology.
Portfolio Pulse from Benzinga Newsdesk
Sunrise New Energy shares are trading higher after the company announced its subsidiary was selected for the '2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property' funding list. Additionally, the company achieved a milestone by delivering 5,800 tons of energy storage material to Xiamen HiTHIUM Energy Storage Technology.
June 24, 2024 | 2:28 pm
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Sunrise New Energy's subsidiary was selected for a key IP funding list and the company delivered 5,800 tons of energy storage material to Xiamen HiTHIUM, boosting its shares.
The selection for the IP funding list indicates potential future financial support and recognition, which is positive for the company's innovation and growth prospects. Additionally, the delivery of a significant amount of energy storage material to a major client like Xiamen HiTHIUM demonstrates operational success and revenue generation, further boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100