Erayak Power Solution Group
RAYA
Market cap $38.4M

1.37 USD

+0.30

28.04%

Updated Oct 22, 12:29 PM EDT

1 day

28.04%

5 days

90.28%

1 month

110.77%

3 months

71.25%

6 months

116.09%

Year to date

23.42%

1 year

66.46%

5 years

-59.35%

About: Erayak Power Solution Group Inc engages in manufacturing, research and development, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery, and smart chargers, and custom-designed products. It derives the majority revenue from three products namely inverters, chargers, and gasoline generators. The company geographically operates in China, Australia, Poland, U.K., and Germany. It derives maximum revenue from China.

Employees: 120

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0.06% less ownership

Funds ownership: 0.13% [Q1] → 0.07% (-0.06%) [Q2]

22% less capital invested

Capital invested by funds: $8.56K [Q1] → $6.65K (-$1.91K) [Q2]

50% less funds holding

Funds holding: 2 [Q1] → 1 (-1) [Q2]

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 1

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Research analyst outlook

We haven’t received any recent analyst ratings for RAYA.

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Financial journalist opinion

Erayak Power Solution Group Inc. Announces Receipt of Nasdaq Minimum Bid Price Notification

WENZHOU, China , Nov. 20, 2023 /PRNewswire/ -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, announced today that on November 15, 2023, the Company received a letter from the Nasdaq Listing Qualifications, indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until May 13, 2024, to regain compliance with the minimum bid price requirement.

Erayak Power Solution Group Inc. Announces Receipt of Nasdaq Minimum Bid Price Notification

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