CBAK Energy (CBAT) Stock Is Making Notable Move: Should You Chase It?

The lithium battery space has grown at a remarkable pace in recent times and investors are increasingly on the hunt for stocks from the sector.

One of the stocks that could be tracked by investors at this point is CBAK Energy Technology (NASDAQ: CBAT). The stock has been a highly impressive performer over the course of the past year and has managed to record gains in excess of 1200% during that period.

This morning, the CBAT stock seems to be in focus yet again and has managed to clock gains of as much as 20% in premarket trading so far. Much of the optimism around CBAT Energy is due to the fact that investors see it as a major player in the upcoming growth in the electric vehicle space. That being said, it is also necessary to note that the company’s business is not entirely dependent on lithium battery sales. Investors could consider tracking the stock this morning and look out for any news about CBAT.

Emile Ortega

Editor and Computer ExpertA hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.