Streetbeat News

NAAS

NaaS Technology Inc.

https://www.enaas.com

Industry

Specialty Retail

NaaS Technology Inc. provides electric vehicle (EV) charging services in China. It serves charging station operators, charger manufacturers, EV OEMs, and other end-users. The company was founded in 2019 and is based in Beijing, China.

Open

0.99

Mkt cap

70K

Volume

563K

High

1.04

P/E Ratio

-0.10

52-wk high

25.70

Low

0.96

Div yield

N/A

52-wk low

0.96

NaaS Technology Inc (NASDAQ:NAAS) has partnered with Shenzhen ZSY Financial Services Co Ltd to promote financial innovation in the energy sector. The collaboration will focus on new energy industry financial innovation and new energy assets securitization. The partnership aims to integrate new energy business and financial services to boost a low-carbon energy industry. NaaS' year-to-date fundraising has reached $91 million. Its parent company, NewLink, has partnered with China Construction Bank (CCB) for integrated financial services support.

Portfolio Pulse from Shivani Kumaresan

September 29, 2023 | 12:52 pm

NaaS Technology Inc. (NASDAQ:NAAS) and its parent company, NewLink, have formed a strategic partnership with China Construction Bank (CCB). The partnership will provide integrated financial services support to NaaS and NewLink, covering areas such as new energy asset investment, construction finance, supply chain finance, and more. The aim is to expand NaaS and NewLink's global presence in the new energy sector. CCB will leverage NaaS and NewLink's digital analytics capabilities and investment decision-making algorithm analysis models of its global new energy assets.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:19 pm

NaaS Technology Inc. (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, has won a bid for Phase I of the Anji Green and Low-carbon Supply Chain Construction Project. The project, worth RMB67.18 million, involves the installation of charging systems, battery swapping systems, PV systems, and energy storage systems. NaaS will also develop an integrated energy management platform and charging management system for the station.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 12:57 pm

NaaS (NASDAQ:NAAS) has entered into a strategic partnership with Hubei Provincial Communications Investment Industrial Development Co., Ltd. (CIID) to enhance Hubei's expressway charging network. NaaS will provide services for gas stations and charging stations under CIID's 48 expressway service areas, including connected refueling and charging services and mobile charging device deployment and operation services. The partnership aims to build a comprehensive energy supply network for expressways.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 11:12 am

Kroger, Hooker Furnishings, Naas Technology, and Rent the Runway are scheduled to report their earnings on September 8, 2023. Kroger is estimated to report earnings of $0.91 per share on revenue of $34.13 billion. Rent the Runway is expected to report a loss of $0.43 per share on revenue of $78.25 million. Details for Hooker Furnishings and Naas Technology are not specified.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 5:57 pm

NaaS Technology Network reported Q2 2023 operational highlights, including a 112% YoY increase in charging volume to 1,228 GWh, a 109% YoY rise in gross transaction value to $160.8M, and a 110% YoY increase in the number of orders to 53.8M. The number of chargers connected and accessible on NaaS' network also increased by 80% YoY to over 652,000.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 9:46 am

NaaS Technology Inc has reaffirmed its FY23 revenue guidance of $69M-$83M, representing a year-over-year increase of 5 to 6 times, based on the current market conditions.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 9:38 am

Naas Technology (NASDAQ:NAAS) reported Q2 losses of $(0.07) per share, a 16.67% decrease YoY. However, the company's sales increased by 323.77% to $6.70 million from $1.58 million YoY.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 9:34 am

NaaS has received an energy storage order worth RMB204 million.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 11:13 am

During Tuesday's after-market session, several consumer discretionary stocks saw significant movement. Gainers included PARTS iD (AMEX:ID), AYRO (NASDAQ:AYRO), REE Automotive (NASDAQ:REE), 2U (NASDAQ:TWOU), Zapp Electric Vehicles (NASDAQ:ZAPP), and Naas Technology (NASDAQ:NAAS). Losers included Digital Brands Group (NASDAQ:DBGI), Forza X1 (NASDAQ:FRZA), E-Home Household Service (NASDAQ:EJH), Cango (NYSE:CANG), Chijet Motor Co (NASDAQ:CJET), and Esports Entertainment (NASDAQ:GMBL).

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 9:31 pm

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