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

2.81

Mkt cap

34M

Volume

167K

High

3.05

P/E Ratio

-0.20

52-wk high

59.20

Low

2.77

Div yield

N/A

52-wk low

1.42

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

NaaS Technology has formed a strategic partnership with CATARC New Energy Vehicle Test Center to create a global 'charging ecosystem' for electric vehicles (EVs). This partnership aims to enhance the charging station accessibility and overall charging experience for China's EVs through the integration of digital technologies and AI innovations.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:18 pm

NaaS Technology has announced a collaboration with Geely Auto to enhance charging services for electric vehicle (EV) owners, aiming to make these services more accessible. This partnership is expected to leverage Geely Auto's automotive expertise and NaaS Technology's charging infrastructure to improve the EV charging experience.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:22 pm

XCHG Ltd., a fast-charging station maker founded by former Tesla engineers, has filed for a Nasdaq IPO, aiming to raise funds to expand its business. The company reported a 46% revenue growth in the first nine months of last year and is the second-largest seller of DC fast chargers in Europe. Competitors include Tesla (TSLA), NaaS Technology (NAAS), EVgo (EVGO), and Blink Charging (BLNK). XCHG plans to use IPO proceeds for a new charger factory in the U.S., R&D, global market expansion, and working capital.

Portfolio Pulse from The Bamboo Works

February 16, 2024 | 3:13 pm

Arista Networks reported Q4 results with revenue of $1.54 billion, a 20.8% increase year-over-year, beating estimates. Earnings per share were $2.08, also above estimates. The company anticipates Q1 revenue between $1.52 billion and $1.56 billion with adjusted gross margins of about 62%. Shares fell 5.7% in pre-market trading. Other stocks like G1 Therapeutics, Teradata, Lattice Semiconductor, Cadence Design Systems, NaaS Technology, Gates Industrial, Arm Holdings, and Goodyear Tire also saw pre-market losses.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 10:29 am

NaaS Technology Inc. (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, announced a positive net take rate for January 2024 and updated its 2023 revenue guidance to $44M-$46M, indicating a year-over-year growth of 234% to 256%. The company reported a 49% year-over-year growth in charging volume for January 2024 and a 55% increase in the fourth quarter of 2023 compared to the same period in 2022.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:36 pm

NaaS Technology announced it has received an investment from Envestnet, a major player in the turnkey asset management program (TAMP) sector, through Envestnet's mutual fund. This strategic investment signifies a notable collaboration between a leading technology service provider in the energy sector and a giant in financial asset management.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 12:12 pm

In Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. Connexa Sports Techs (CNXA) saw a notable increase of 128.0% to $0.45, while Kaixin Auto Hldgs (KXIN) suffered a sharp decline of 45.2% to $0.4. Other gainers included Envirotech Vehicles (EVTV), Jiuzi Hldgs (JZXN), 17 Education & Technology (YQ), Canoo (GOEV), and Naas Technology (NAAS). Conversely, Esports Entertainment (GMBL), Selina Hospitality (SLNA), Boqii Holding (BQ), Polished.com (POL), and BowFlex (BFX) were among the losers.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:31 pm

Boeing reported a Q4 revenue increase of 10% to $22.02 billion, surpassing estimates and an adjusted loss per share of 47 cents, beating expectations. Shares rose 4.7%. Other stocks also moved higher: Powell Industries surged 49% post strong results and dividend raise; Plug Power jumped 17.8% after an upgrade; DocGo rose 15.8% on a buyback program; Ashland gained 14.5% on mixed results and guidance; and Stryker increased 5.8% after beating Q4 expectations. Various companies like Automatic Data Processing, LendingClub, and Teva Pharmaceutical also saw gains following positive earnings reports or guidance.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 4:02 pm

NaaS Technology announced that its entire range of charging pile products has received CE certification from the European Union, indicating compliance with EU safety, health, and environmental requirements. This certification could potentially open up European markets for NaaS Technology's products, enhancing the company's growth prospects in the region.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 12:37 pm

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