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

2.98

Mkt cap

34M

Volume

121K

High

3.03

P/E Ratio

-0.19

52-wk high

61.60

Low

2.78

Div yield

N/A

52-wk low

1.42

NaaS Technology (NASDAQ:NAAS) partners with CSG Hainan EV to enhance EV charging services in Hainan, China, integrating 193 charging stations and 700 DC chargers into its network. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:51 am

In Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. Vroom, Jiuzi Holdings, Educational Development, and Williams-Sonoma were among the top gainers, with Vroom leading at a 35.9% increase following its Q4 earnings report. On the downside, Naas Technology, Allbirds, Lead Real Estate Co, and Cheetah Net Supply Chain were notable losers, with Allbirds dropping 20.41% after its Q4 earnings report. The movements reflect the market's reaction to recent earnings reports and other undisclosed factors.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:31 pm

Clover Health Investments, Corp. (CLOV) shares rose by 11% after reporting better-than-expected Q4 revenue and FY24 guidance. Other stocks also moved significantly, with Gaxos.ai Inc. (GXAI) and Veritone, Inc. (VERI) among the top gainers, while voxeljet AG (VJET) and Luna Innovations Incorporated (LUNA) led the losers.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 5:18 pm

NaaS Technology Inc (NASDAQ:NAAS) shares plummeted 21.5% to $1.17 after announcing a $6 million registered direct offering. The offering includes the sale of 4,761,905 ADSs and warrants to purchase an additional 4,761,905 ADSs at $1.26 each. The warrants are exercisable at $1.49 per ADS six months post-issuance and expire in five years. The offering is expected to close around March 15, subject to standard conditions.

Portfolio Pulse from Henry Khederian

March 13, 2024 | 3:46 pm

Dollar Tree reported weaker-than-expected Q4 FY23 results, leading to a 14.5% drop in its shares. Other stocks also moved lower, including NaaS Technology, Comtech Telecommunications, loanDepot, Rackspace Technology, ZIM Integrated Shipping Services, Neumora Therapeutics, Tevogen Bio Holdings, ADC Therapeutics, Solowin Holdings, Arcos Dorados Holdings, Ichor Holdings, Nukkleus, and Tesla, due to various reasons such as disappointing earnings, downgrades, and financial offerings.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 2:22 pm

In Wednesday's pre-market session, several consumer discretionary stocks showed significant movement. Tuniu, Educational Development, Barnes & Noble Education, Allied Gaming, Clarus, and Target Hospitality were among the gainers, with notable increases in their stock prices following recent earnings reports. Conversely, Latham Group, Allbirds, Naas Technology, ZHONGCHAO, Kidpik, and SRIVARU Holding experienced declines, also influenced by their earnings outcomes.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:06 pm

NaaS Technology's stock is trading lower following the announcement of a $6 million registered direct offering. This move indicates the company is seeking to raise capital, which could dilute existing shareholders but also potentially fund growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:39 pm

NaaS Technology Inc. has announced a $6M registered direct offering, which is a way for the company to raise capital directly from investors. This move could indicate the company's need for funding to support its operations or growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:36 pm

NaaS Technology Inc (NASDAQ:NAAS) has partnered with China Construction Third Engineering Bureau (CCTEB) to digitize and expand charging infrastructure. This strategic cooperation aims to integrate NaaS' digital operation expertise with CCTEB's construction capabilities, focusing on projects like PV-charging-storage integration and energy ports. The partnership is expected to enhance NaaS' engineering capabilities and the construction quality of charging facilities, leveraging CCTEB's technology expertise.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 1:59 pm

NaaS Technology (NASDAQ:NAAS) has formed a strategic partnership with China Construction Third Engineering Bureau (CCTEB) to accelerate the digitalization and expansion of the EV charging infrastructure network in China. The collaboration aims to integrate NaaS' digital operation expertise with CCTEB's construction capabilities, focusing on projects related to PV-charging-storage integration and energy ports. Financial terms of the agreement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:11 am

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