Sunrise New Energy jumps on strong annual rev growth

E-Power

17/05/2023 11:47

** U.S.-listed shares of China-based maker of graphite anode
Sunrise New Energy Co Ltd  EPOW.O  soar 32.1% to $2.55 premarket
    ** Co's 2022 revenue jumped more than four-fold to $38.1 mln
vs $7.4 mln in 2021 
    ** EPOW says increase in rev was due to the launch of their
graphite anode materials business
    ** Net loss per share in 2022 was 90 cents vs 36 cents
year-ago
    ** Shares down ~29% YTD

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com))