Streetbeat News

UCAR

U Power Limited

https://www.upincar.com

Industry

Auto - Dealerships

U Power Limited develops, manufactures, and sells new energy vehicles and battery swapping stations in the People's Republic of China. It also offers battery swapping and sourcing services. The company was founded in 2013 and is based in Shanghai, the People's Republic of China.

Open

2.56

Mkt cap

11M

Volume

5.4K

High

2.79

P/E Ratio

-1.19

52-wk high

9.43

Low

2.55

Div yield

N/A

52-wk low

2.31

U Power Limited (NASDAQ:UCAR), an EV battery power solution provider in China, has announced the pricing of a follow-on offering of 10 million units at $1.20 each. The offering includes ordinary shares and Series A and B warrants exercisable at $1.20 and $1.54 respectively, expiring in five years. The expected closing date is December 6, 2023, with anticipated gross proceeds of $12 million, to be used for M&A of battery swapping companies, working capital, and general corporate purposes. Univest Securities, LLC is the placement agent, with Hunter Taubman Fischer & Li LLC and Ortoli Rosenstadt LLP as U.S. securities and counsel respectively.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:04 pm

In Tuesday's intraday session, several consumer discretionary stocks experienced significant movements. Arcimoto, REE Automotive, PDD Holdings, PLBY Group, GameStop, and Yunji saw their stocks rise, with PDD Holdings releasing Q3 earnings. Conversely, Volcon, Harbor Custom Dev, Citi Trends, U Power, Connexa Sports Techs, and Esports Entertainment witnessed declines in their stock prices, with Citi Trends also releasing Q3 earnings.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 5:31 pm

The article highlights the top 5 consumer discretionary stocks that are currently oversold, presenting a potential buying opportunity. These stocks have Relative Strength Index (RSI) values near or below 30, indicating they may be undervalued. The companies mentioned are Fisker Inc. (FSR), GreenTree Hospitality Group Ltd. (GHG), U Power Limited (UCAR), Sacks Parente Golf, Inc. (SPGC), and Dogness (International) Corporation (DOGZ). The article provides recent company updates and stock price actions.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 11:54 am

In Friday's pre-market session, several consumer discretionary stocks showed significant movement. iRobot (IRBT) saw a substantial increase of 28.1%, while Faraday Future (FFIE) and Vista Outdoor (VSTO) also experienced gains. Fisker (FSR), Color Star Tech (ADD), and U Power (UCAR) stocks rose as well. On the downside, RealReal (REAL), E-Home Household Service (EJH), and Tuniu (TOUR) stocks fell, with Bowlero (BOWL), Yoshiharu Global (YOSH), and Volcon (VLCN) also seeing declines.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 1:06 pm

In Thursday's after-market session, several consumer discretionary stocks experienced movement. Gap (GPS) and Ross Stores (ROST) reported Q3 earnings, with GPS shares increasing by 10.5% and ROST by 5.45%. Beazer Homes USA (BZH) released Q4 earnings, resulting in a 4.59% rise in shares. Other gainers included Cricut (CRCT), Visionary Education Tech (GV), and Jowell Global (JWEL). Conversely, Harbor Custom Dev (HCDI), Dogness (Intl) (DOGZ), U Power (UCAR), Chijet Motor Co (CJET), Lulus Fashion Lounge (LVLU), and Zapp Electric Vehicles (ZAPP) saw their shares decline.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 9:31 pm

In Friday's after-market session, several consumer discretionary stocks saw significant movement. Cango (CANG), Kidpik (PIK), Rush Street Interactive (RSI), Full House Resorts (FLL), Mondee Hldgs (MOND), and Volcon (VLCN) shares increased by 5.9%, 5.11%, 5.0%, 4.83%, 4.73%, and 4.67% respectively. On the other hand, Kaixin Auto Hldgs (KXIN), Cheetah Net Supply Chain (CTNT), Jianzhi Education Tech (JZ), U Power (UCAR), Golden Heaven Group Hldgs (GDHG), and Envirotech Vehicles (EVTV) shares decreased by 11.4%, 5.22%, 4.84%, 4.55%, 4.32%, and 3.34% respectively.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 9:31 pm

Consumer discretionary stocks saw significant movement in Tuesday's after-market session. VOXX International, Nova Lifestyle, Color Star Tech, Shift Techs, Sacks Parente Golf, and U Power saw gains, while Hall Of Fame Resort, Kaival Brands Innovations, Polestar Automotive, RumbleON, Twin Vee PowerCats, and China Liberal Education saw losses.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 9:32 pm

U Power reported 1H 2023 financial results with total revenues of $0.3M, down from the same period last year. The company didn't generate revenue from product sales due to insufficient business development in new market regions. Operating loss was $2.8M, up from last year, primarily due to increased audit and professional service costs. Net loss was $1.0M, down from last year.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 8:41 pm

During Monday's after-market session, several consumer discretionary stocks saw significant movement. Gainers included Hyatt Hotels (H), Aterian (ATER), Regis (RGS), Worksport (WKSP), SIGNA Sports United (SSU), and BTC Digital (BTCT). Losers included U Power (UCAR), Phoenix Motor (PEV), Chijet Motor Co (CJET), Elys Game Technology (ELYS), FIGS (FIGS), and GigaCloud Tech (GCT).

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 9:32 pm

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