Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Research Coverage on Small and Micro-Cap Companies

Equity Bottom-Up

CBAK Energy Technology  / Equity Bottom-Up

<ul><li>CBAK Energy Technology is poised to benefit from a sharp uptick in portable energy systems and home energy storage.</li><li> Despite pricing pressures in the industry, CBAK's strong relationships with key customers and solid safety record enabled has enabled it to retain pricing power which boosted battery margins significantly in the first quarter as raw material continued to fall.</li><li> As investors begin to focus on the growing and profitable battery business, we believe there is substantial upside for the stock which is now trading at just over 3 times our 2024 EPS estimate.</li></ul>

CBAK Energy Technology is poised to benefit from a sharp uptick in portable energy systems and home energy storage. Despite pricing pressures in the industry, CBAK's strong relationships with key customers and solid safety record enabled has enabled it to retain pricing power which boosted battery margins significantly in the first quarter as raw material continued to fall. As investors begin to focus on the growing and profitable battery business, we believe there is substantial upside for the stock which is now trading at just over 3 times our 2024 EPS estimate.

CBAT: Reports strong margins and improved outlook for 2024. Increasing our EPS estimates and target valuation to 2.50.