Reported Earnings • May 05
Full year 2025 earnings released: US$15.53 loss per share (vs US$98.34 loss in FY 2024) Full year 2025 results: US$15.53 loss per share. Revenue: US$22.9m (down 25% from FY 2024). Net loss: US$1.39m (loss widened 25% from FY 2024). Aankondiging • Apr 11
Erayak Power Solution Group Inc. Unveils Tri-Fuel and Ups Innovations Erayak Power Solution Group Inc. announced a major strategic pivot following its high-impact showcase at the 2026 National Hardware Show (NHS) and an exhaustive 5,000-mile research tour across the United States. Erayak's leadership recently traversed the North American continent to gain a holistic view of regional power needs. Aligning with high-growth technology trends, Erayak is positioning its high-precision inverter technology as the "uninterrupted heartbeat" of the digital era. The company identified a surging demand for stable, Utility-Grade power ($THD < 3%$) to support localized AI-Edge computing and integrated Smart Home Hubs. As domestic environments become increasingly data-dependent, Erayak's power systems provide the essential infrastructure required for continuous connectivity, protecting sensitive microprocessors from the "dirty power" associated with traditional generators. Erayak's 2026 flagship lineup, which received widespread acclaim at NHS, features Tri-Fuel Inverter Generators (9kW to 13kW) capable of running on Gasoline, Propane, and Natural Gas (0.25 PSI). Integrated with advanced ATS (Auto Transfer Switch) technology and paired with industrial-grade UPS Solar Inverters, these systems offer a seamless transition from grid to backup. This innovation addresses the rising demand for energy independence in key markets such as Texas and Florida, where grid stability remains a paramount concern for tech-reliant enterprises. Reported Earnings • Dec 05
First half 2025 earnings released: US$0.01 loss per share (vs US$0.071 loss in 1H 2024) First half 2025 results: US$0.01 loss per share (improved from US$0.071 loss in 1H 2024). Revenue: US$8.74m (down 27% from 1H 2024). Net loss: US$516.7k (loss narrowed 51% from 1H 2024). New Risk • Dec 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (US$3.21m market cap). New Risk • Nov 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Market cap is less than US$10m (US$3.29m market cap). Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Aankondiging • Sep 30
Erayak Power Solution Group Inc. has filed a Follow-on Equity Offering in the amount of $10 million. Erayak Power Solution Group Inc. has filed a Follow-on Equity Offering in the amount of $10 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Aankondiging • Aug 02
Erayak Power Solution Group Inc. has completed a Follow-on Equity Offering in the amount of $6.992446 million. Erayak Power Solution Group Inc. has completed a Follow-on Equity Offering in the amount of $6.992446 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,155,921
Price\Range: $0.065
Discount Per Security: $0.0039
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 75,536,386
Price\Range: $0.0649
Discount Per Security: $0.0039
Transaction Features: Registered Direct Offering Aankondiging • Aug 01
Erayak Power Solution Group Inc. has filed a Follow-on Equity Offering in the amount of $6.992446 million. Erayak Power Solution Group Inc. has filed a Follow-on Equity Offering in the amount of $6.992446 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,155,921
Price\Range: $0.065
Discount Per Security: $0.0039
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 75,536,386
Price\Range: $0.0649
Discount Per Security: $0.0039
Transaction Features: Registered Direct Offering Aankondiging • Jul 29
Erayak Power Solution Group Inc. has completed a Follow-on Equity Offering in the amount of $3 million. Erayak Power Solution Group Inc. has completed a Follow-on Equity Offering in the amount of $3 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,612,246
Price\Range: $0.098
Discount Per Security: $0.00588
Transaction Features: Registered Direct Offering Aankondiging • Jul 26
Erayak Power Solution Group Inc. has filed a Follow-on Equity Offering in the amount of $3 million. Erayak Power Solution Group Inc. has filed a Follow-on Equity Offering in the amount of $3 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 30,612,246
Price\Range: $0.098
Transaction Features: Registered Direct Offering New Risk • Jul 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (322% increase in shares outstanding). New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (322% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$72.8m market cap). Reported Earnings • Apr 25
Full year 2024 earnings released: US$0.045 loss per share (vs US$0.10 profit in FY 2023) Full year 2024 results: US$0.045 loss per share (down from US$0.10 profit in FY 2023). Revenue: US$30.3m (up 49% from FY 2023). Net loss: US$1.12m (down 192% from profit in FY 2023). New Risk • Nov 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 133% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (133% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$35.8m market cap). Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to US$1.70, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 19x in the Electrical industry in the US. Total returns to shareholders of 105% over the past year. New Risk • Nov 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 0.08% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (US$17.9m market cap). Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to US$1.04, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 20x in the Electrical industry in the US. Total returns to shareholders of 7.2% over the past year. Aankondiging • Oct 08
Erayak Power Solution Group Inc., Annual General Meeting, Nov 08, 2024 Erayak Power Solution Group Inc., Annual General Meeting, Nov 08, 2024, at 10:00 China Standard Time. Location: no. 528, 4th avenue, binhai industrial park, zhejiang province, wenzhou China Aankondiging • May 22
Erayak Power Solution Group Inc. announced that it has received $8 million in funding Erayak Power Solution Group Inc. announced that it has entered into securities purchase agreements with certain purchasers to issue 16,000,000 class A common shares at an issue price of $0.5 per share for the gross proceeds of $8,000,000 and warrants to purchase an aggregate of 32,000,000 Class A Ordinary Shares at an exercise price of $0.50 per share on May 20, 2024. The Warrants will become exercisable for cash or on a cashless basis upon issuance and will expire three years after the issuance date. The foregoing description of the Warrants does not purport to be complete and is qualified in its entirety by the full text of the Warrants. The Securities Purchase Agreement contains customary representations, warranties and agreements by the Company and the Purchasers, and indemnification obligations of the Company against certain liabilities, including for liabilities under the Securities Act of 1933, as amended (the “Securities Act”). The provisions of the Securities Purchase Agreement, including the representations and warranties contained therein, are not for the benefit of any party other than the parties to such agreement and are not intended as a document for investors and the public to obtain factual information about the current state of affairs of the Company. The sale of the Securities is being made pursuant to pursuant to the provisions of Regulation S promulgated thereunder. No placement agent was involved in the Private Placement. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: US$0.10 (vs US$0.38 in FY 2022) Full year 2023 results: EPS: US$0.10 (down from US$0.38 in FY 2022). Revenue: US$20.3m (down 25% from FY 2022). Net income: US$1.22m (down 65% from FY 2022). Profit margin: 6.0% (down from 13% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Electrical industry in the US. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 95% After last week's 95% share price gain to US$1.07, the stock trades at a trailing P/E ratio of 7.3x. Average forward P/E is 19x in the Electrical industry in the US. Total loss to shareholders of 49% over the past year. Board Change • Dec 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Chairman & CEO Cory Kong is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 03
Erayak Power Solution Group Inc. Announces Director Changes On November 30, 2023, Ms. Peiling Cheng tendered her resignation as independent director of Erayak Power Solution Group Inc, effective November 30, 2023. Ms. Peiling Cheng’s resignation was not a result of any disagreement with the Company’s operations, policies or procedures. On November 30, 2023, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Mr. Tsang Sheung was appointed as independent director and chair of compensation committee of the Company, effective November 30, 2023. Mr. Tsang Sheung has served as a director of Fuji (China) Industrial Technology Co. Ltd. in Hong Kong and as the General Manager of Shenzhen Zhongzhi Investment Co. Ltd. since 2009. He started his career at Bank of China (Hong Kong) Limited as a journalist after obtaining his bachelor’s degree in law from Jinan University in Guangzhou. Thereafter, he served successively as the director of the human resources, the director and then vice president of the president’s office, and the assistant to the president of the management division. Having served as an integral part of the restructuring and merger of Bank of China (Hong Kong) Group, Mr. Sheung has extensive experience in financial services, human resources, and corporate communications. Mr. Tsang Sheung does not have a family relationship with any director or executive officer of the Company. He has not been involved in any transaction with the Company during the past two years that would require disclosure under Item 404(a) of Regulation S-K. Reported Earnings • Nov 24
First half 2023 earnings released: EPS: US$0.04 (vs US$0.24 in 1H 2022) First half 2023 results: EPS: US$0.04 (down from US$0.24 in 1H 2022). Revenue: US$9.45m (down 18% from 1H 2022). Net income: US$475.2k (down 78% from 1H 2022). Profit margin: 5.0% (down from 19% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in the US. New Risk • Nov 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). High level of non-cash earnings (46% accrual ratio). Minor Risk Market cap is less than US$100m (US$10.3m market cap). New Risk • Oct 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.88m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (46% accrual ratio). Market cap is less than US$10m (US$9.88m market cap). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$1.17, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 21x in the Electrical industry in the US. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$1.41, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 22x in the Electrical industry in the US. Aankondiging • Jun 29
Erayak Power Solution Group Inc Announces the Upcoming Launch of its BDS Portable Power Station Series Erayak Power Solution Group Inc. announced the upcoming launch of its new product: the BDS Portable Power Station Series, which is currently in production and is expected to be available on Amazon.com in September 2023. The BDS Power Station offers speedy rechargeability that takes only 2 hours to replenish 80% battery through a wall outlet and 60W PD USB-C port simultaneously. The power station is also compatible with the Erayak solar panel. To speed up the battery recharge, the integrated maximum power point tracker (“MPPT”) controller enables the solar generator to operate at its maximum power, making them ideal portable power kits for tent camping and overland journeys. Additionally, users can recharge the power station with an AC adapter at home, through the car outlet during a road trip, or simply through an Erayak Solar panel. BDS Series solar generator is armed with 4 different voltage options – 315Wh, 504Wh, 917Wh, and 1023Wh lithium-ion battery packs. This Power Station features Pure Sine Wave AC outlets that deliver stable and safe power. The lightest version of DBS weighs only 7.1 pounds, or 3.25 kg. The solar generator features two AC outlets, one PD 60W USB-C port with input and output, one fast charge 3.0 port, one USB-A port and one DC car port, the power station can recharge itself and charge up to 6 devices, such as drones, computers, and cameras at the same time to satisfy every user’s unique needs. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$2.04, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 26x in the Electrical industry in the US. New Risk • Jun 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (46% accrual ratio). Minor Risk Market cap is less than US$100m (US$25.7m market cap). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$2.14, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 25x in the Electrical industry in the US. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$1.99, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 23x in the Electrical industry in the US. Reported Earnings • May 18
Full year 2022 earnings released: EPS: US$0.38 (vs US$2.40 in FY 2021) Full year 2022 results: EPS: US$0.38. Revenue: US$26.9m (up 44% from FY 2021). Net income: US$3.48m (up 2.4% from FY 2021). Profit margin: 13% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$2.06, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 19x in the Electrical industry in the US. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$2.06, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 18x in the Electrical industry in the US. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$2.25, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 20x in the Electrical industry in the US. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$2.96, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 21x in the Electrical industry in the US. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 20% share price gain to US$2.50, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 21x in the Electrical industry in the US. Aankondiging • Dec 29
Erayak Power Solution Group Inc. Provides Sales Guidance for the Second Half of 2022 Erayak Power Solution Group Inc. provides sales guidance for the second half of 2022. The generator sales in the second half of 2022 are expected to continue similar growth rate as seen in the first half of 2022. Aankondiging • Dec 16
Erayak Power Solution Group Inc. has completed an IPO in the amount of $12 million. Erayak Power Solution Group Inc. has completed an IPO in the amount of $12 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,000,000
Price\Range: $4
Discount Per Security: $0.3 