Erayak Power Solution Group Inc. (RAYA)

NASDAQ: RAYA · IEX Real-Time Price · USD
0.760
+0.031 (4.25%)
At close: Feb 27, 2024, 4:00 PM
0.751
-0.009 (-1.24%)
After-hours: Feb 27, 2024, 4:45 PM EST
4.25%
Market Cap 8.64M
Revenue (ttm) 24.88M
Net Income (ttm) 1.76M
Shares Out 12.00M
EPS (ttm) 0.18
PE Ratio 4.22
Forward PE 2.57
Dividend n/a
Ex-Dividend Date n/a
Volume 21,758
Open 0.720
Previous Close 0.729
Day's Range 0.720 - 0.780
52-Week Range 0.440 - 3.180
Beta n/a
Analysts n/a
Price Target n/a
Earnings Date Apr 2, 2024

About RAYA

Erayak Power Solution Group Inc., through its subsidiaries, engages in the research and development, manufacture, 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. The company's products are used in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products. It operates in China, France, Poland, Mexico, and the United Kingdom. The comp... [Read more]

Sector Industrials
IPO Date Dec 14, 2022
Employees 132
Stock Exchange NASDAQ
Ticker Symbol RAYA
Full Company Profile

Financial Performance

In 2022, RAYA's revenue was $26.91 million, an increase of 44.45% compared to the previous year's $18.63 million. Earnings were $3.48 million, an increase of 2.40%.

Financial Statements

News

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 t...

3 months ago - PRNewsWire

Erayak Power Solution Group Inc. to Participate in Two Upcoming Conferences in October 2023

Wenzhou, China, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products i...

4 months ago - GlobeNewsWire

Erayak Power Solution Group Inc. In Discussions with Potential Strategic Partners to Expand Market Opportunities and Product Offerings

Wenzhou, China, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products ...

5 months ago - GlobeNewsWire

Erayak Power Solution Group Inc. Initiates Plans to Expand into the Middle East and South Asia

Wenzhou, China, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products ...

6 months ago - GlobeNewsWire

Erayak Power Solution Group Inc. Participated in the 2023 Wenzhou Bay New Area Jinhai Lake Starlight Market Festival, from July 21 to July 23

Wenzhou, China, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products i...

7 months ago - GlobeNewsWire

Erayak Power Solution Group Inc. to Deliver a Live Presentation at the Skyline Signature Series™ on Monday, July 24, 2023

The Company invites individual and institutional investors, as well as advisors and analysts, to attend this real-time, interactive presentation at the Skyline Signature Series™ The Company invites in...

7 months ago - GlobeNewsWire

Erayak Power Solution Group Inc Announces the Upcoming Launch of its BDS Portable Power Station Series

Wenzhou, China, June 28, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products i...

8 months ago - GlobeNewsWire

U.S. Consulate General Shanghai Visits Erayak Power Solution Group in an Effort to Strengthen Bilateral Trade between China and the U.S.

Wenzhou, China, June 08, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. (“Erayak” or the “Company”) (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products i...

9 months ago - GlobeNewsWire

Erayak Power Solution Group Inc. Reports 44.5% Increase in Revenue, 15.7% Increase in Gross Profit in Fiscal Year 2022

Wenzhou, China, May 18, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. (“Erayak” or the “Company”) (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in...

10 months ago - GlobeNewsWire

Erayak Power Solution Group Inc. to Participate in the 133rd China Import and Export Fair 2023 from April 15-19

WENZHOU, China, April 14, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. (“Erayak” or the “Company”) (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products ...

11 months ago - GlobeNewsWire

Erayak Power Solution Group Inc. Reports Approximately 500% Increase in Generator Sales in Fiscal Year 2022

Wenzhou, China, March 01, 2023 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. (“Erayak” or the “Company”) (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products ...

1 year ago - GlobeNewsWire

Erayak Power Solution Group Inc. Reports 437% Increase in Generator Sales in the First Half of 2022

WENZHOU, China , Dec. 28, 2022 /PRNewswire/ -- Erayak Power Solution Group Inc. ("Erayak" or the "Company") (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products in t...

1 year ago - PRNewsWire

Erayak Power Solution Group Inc. Announces Closing of $12 Million Initial Public Offering

Wenzhou, China, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. (“Erayak” or the “Company”) (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products i...

1 year ago - GlobeNewsWire

Erayak Power Solution Group Inc. Announces Pricing of $12 Million Initial Public Offering

Wenzhou, China, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Erayak Power Solution Group Inc. (“Erayak” or the “Company”) (Nasdaq: RAYA), a leading manufacturer, designer, and exporter of high-quality products i...

1 year ago - GlobeNewsWire