24/7 Market News Snapshot 24 Jun 2024 – Sunrise New Energy Co., Ltd Class A Ordinary Shares (NASDAQ: EPOW)

June 24, 2024 9:33

Press Release

DENVER, Colo., 24 June, 2024 (247marketnews.com) – (NASDAQ:EPOW) are discussed in this article.
Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) has shown remarkable progress in both its financial markets performance and operational endeavors. The surge in EPOW stock, with Class A Ordinary Shares opening at $0.727 and currently trading at $0.740, reflects a notable 85.72% increase from the market open. This surge surpasses the previous session close price of $0.599, indicating strong bullish momentum and heightened investor interest in EPOW stock. Technical analysis hints towards a potential short-term uptrend, positioning EPOW as a stock to watch for further developments.

On the operational front, Sunrise New Energy recently achieved a significant milestone by successfully delivering 5,800 tons of energy storage material to Xiamen HiTHIUM Energy Storage Technology Co., Ltd. This marks the initial phase of an extensive order totaling 25,000 tons, showcasing Sunrise New Energy’s commitment to meeting the escalating demands of the energy storage sector. The delivery, completed by June 23, 2024, exemplifies the company’s operational efficiency and capability to fulfill substantial orders within specified timelines. Moving forward, Sunrise New Energy plans to uphold a monthly delivery schedule, aiming to supply an additional 2,500 tons of energy storage material monthly starting in June 2024.

Sunrise New Energy’s dedication to delivering high-quality products and maintaining a reliable supply chain underscores its strategic approach in navigating the energy storage market. By fostering strong partnerships and upholding a reputation as a trusted supplier, the company continues to drive innovation, meet market demands, and contribute significantly to the advancement of the energy storage industry.

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