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An update from Sunrise New Energy Co ( (EPOW) ) is now available.
Sunrise New Energy Co. has reported a significant increase in its total assets as of June 30, 2024, reaching $141.6 million, up from $120.5 million at the end of 2023. This growth is attributed to an increase in current assets, particularly cash and inventories. However, the company also saw a rise in its liabilities, both current and non-current, with total liabilities reaching $102.6 million. Despite a comprehensive loss, the company has strengthened its equity position, mainly due to a substantial rise in non-controlling interests. These financial results indicate a robust expansion phase for the company, likely enhancing its competitive position in the renewable energy sector.
More about Sunrise New Energy Co
Sunrise New Energy Co. operates within the energy sector, focusing primarily on providing innovative energy solutions, with an emphasis on sustainability and efficiency. The company offers a range of products and services tailored to meet the growing demands for renewable energy solutions in the market.
YTD Price Performance: -23.33%
Average Trading Volume: 32,945
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of EPOW stock, go to TipRanks’ Stock Analysis page.
