ZIBO, China, August 28, 2026, 06:30 (EDT)
- E-Power shares rose 23.2% to $0.55 in premarket trading on Friday.
- The $51.1 million agreement is equivalent to approximately 110% of projected 2025 revenue.
- The project encompasses a total annual anode-line capacity of 21,000 tons.
E-Power Inc. soared 23.2% in premarket trading Friday, following the battery materials firm’s announcement of its biggest technology contract to date. Shares changed hands at $0.55 as of 06:30 EDT, with around 15.7 million shares traded premarket quote.
The step comes after a RMB343.473 million contract, totaling roughly $51.1 million. E-Power’s Shandong Sunrise unit is set to construct two manufacturing lines for Shandong Fusion New Material company announcement.
The contract is larger than E-Power’s projected total revenue for 2025. This scale accounts for the movement in shares, though the amount has not yet been recorded as sales.
The fixed-price package features design, equipment, installation, commissioning, and training. It comprises a 20,000-ton artificial graphite line along with a 1,000-ton silicon-carbon line.
| Measure | Value | Investor read-through |
|---|---|---|
| Turnkey contract | $51.1 million | Record tech deal |
| 2025 revenue | $46.4 million | Contract represents roughly 110% |
| Artificial-graphite capacity | 20,000 tons/year | Commercial line scale |
| Silicon-carbon capacity | 1,000 tons/year | Advanced dense product |
| 2025 gross result | $5.85 million loss | Execution, pricing are still vital |
| Year-end cash | $21.84 million | Excludes restricted funds |
E-Power reported 2025 revenue of $46.4 million, a decrease of 28.6%. Nearly all sales came from its graphite-anode division 2025 annual report.
Profit was under pressure. E-Power posted a gross loss of $5.85 million, as selling prices declined more rapidly than costs for raw materials and outsourced graphitization.
The revised assignment alters the composition. Margins for engineering and equipment services can differ from those for graphite anode material sales.
The company has yet to reveal details about the payment timeline, delivery schedule or anticipated margin. These factors will influence cash conversion and the quality of earnings.
Haiping Hu, the founder and chief executive, described the company’s accumulated process expertise as “a valuable asset.” The announcement stated that work is already in progress.
The stock showed atypical trading patterns, with premarket volume topping 15 million shares. However, the quote stayed under the $1.01 price set in an August private placement financing announcement.
The difference is significant. The offering brought in $16 million and boosted the number of shares, establishing a clear benchmark price for investors.
There is little independent analyst coverage. E-Power cautioned it might not secure ongoing independent research coverage SEC prospectus.
Risks: Fixed-price industrial projects face potential cost overruns, delays in commissioning, and risks associated with collecting payments. E-Power’s operations also include Chinese subsidiaries, joint ventures, and contractual arrangements.
The following assessment is transparency. Details on milestone payments and gross-margin forecasts would indicate if the award improves financials, rather than just increasing the backlog.
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