Date | Price Target | Rating | Analyst |
---|---|---|---|
10/31/2023 | $4.50 | Buy | Jefferies |
Jefferies initiated coverage of NaaS Technology with a rating of Buy and set a new price target of $4.50
BEIJING, Oct. 2, 2024 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it has joined the China ESG Alliance as the first member from China's electric vehicle charging sector. This strategic move highlights NaaS's dedication to advancing sustainable practices and enhancing green, low-carbon initiatives across the industry. "Joining the China ESG Alliance is a pivotal step for NaaS as we continue to drive sustainable practices across our entire operation," stated Ms. Yang Wang, Chief Executive Officer of NaaS. "Our comprehensive GREEN strategy - encompassing Governance, Reinvention, E
BEIJING, Sept. 26, 2024 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced a strategic partnership with IM Motors, an electric vehicle joint venture among Alibaba, SAIC Motor, and Zhangjiang Hi-Tech, focused on the design and manufacture of high-end intelligent electric vehicles. This collaboration significantly expands NaaS's automotive ecosystem partnerships, leveraging its extensive nationwide charging network to offer IM Motors customers enhanced service features. This partnership will provide IM Motors customers with access to a broader range of intelligent, efficient, and convenient
BEIJING, Aug. 12, 2024 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that Mr. Alex Wu, President, Chief Financial Officer and Director of the Company, resigned from the Company for personal reasons, effective August 9, 2024. The Company has appointed Mr. Steven Sim to succeed Mr. Wu as Chief Financial Officer, effective August 12, 2024. Mr. Wu will continue to serve in an advisory role until November 8, 2024, to ensure an orderly and effective transition. "I want to thank Alex for his many contributions to NaaS. We are grateful for the counsel and leadership he has provided, and we wi
BEIJING, Aug. 2, 2024 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, today released its 2023 Environmental, Social and Governance report (the "report"). The report outlines NaaS's progress in 2023 toward its long-term ESG goals, central to the Company's vision and mission. The report details NaaS's strategic initiatives to weave sustainability into various sectors, aligned with its vision to "Empower the World with Green Energy." It features the Company's innovative business model driving energy transitions, efforts toward green and low-carbon development, and strategies to rejuvenate rural areas sust
BEIJING, July 24, 2024 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2024. Highlights for the Second Quarter of 2024: Notable progress towards profitability in the second quarter of 2024.Monthly net loss continued to narrow throughout the second quarter of 2024 while monthly non-IFRS net profit[1] turned positive for the first time in June 2024. This resulted in a 59% and 63% year over year reduction in net loss and non-IFRS net loss, respectively, for the second quarter of 2024.Gross profit grew 59%
BEIJING, June 28, 2024 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announces that it has received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated June 28, 2024, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). As previously announced, the Company received a notification letter (the "Deficiency Notice") from the Nasdaq dated June 13, 2024 indicating that the closing bid price for the Company's American depositary shares
BEIJING, June 13, 2024 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the Company"), the first U.S. listed EV charging service company in China, today announces that the previously announced change of the ratio (the "ADS Ratio") of its American depositary shares (the "ADSs") to its Class A ordinary shares has taken effect at the open of business on June 13, 2024 (U.S. Eastern Time). The change in the ADS Ratio, from one ADS to ten Class A ordinary shares to one ADS to 200 Class A ordinary shares, had the same effect as a one-for-twenty reverse ADS split. The exchange of one new ADS for every 20 previously-held ADSs occurred automatically upon effectiveness, with the previousl
BEIJING, June 7, 2024 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the Company"), the first U.S. listed EV charging service company in China, today provides an update on the effective date of the change of the ratio of its American Depositary Shares (the "ADSs") to its Class A ordinary shares (the "ADS Ratio"). The ADS Ratio change was previously announced on May 30, 2024 and originally planned to become effective on or about June 10, 2024. According to JPMorgan Chase Bank, N.A., the depositary bank for the Company's ADS program, the ADS Ratio change will take effect at the open of business on June 13, 2024 (U.S. Eastern Time). As previously announced, for the Company's ADS
BEIJING, May 30, 2024 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it plans to change the ratio of its American Depositary Shares (the "ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.01 per share, from the current ADS Ratio of one ADS to 10 Class A ordinary shares to a new ADS Ratio of one ADS to 200 Class A ordinary shares. For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-twenty reverse ADS split. A post-effective amendment to the ADS Registration Statement on Form F-6 will be filed with the SEC to reflec
BEIJING, May 9, 2024 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights: Revenues increased by 166% year over year and reached RMB96.2 million (US$13.3 million) for the first quarter of 2024.Gross margin was 25.3% for the first quarter of 2024, compared with 16.9% for the same period of 2023.Gross profit grew 4.0 times year over year to RMB24.3 million (US$3.4 million) for the first quarter of 2024.First Quarter 2024 Operational Highlights: Charging volume transacted through
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BEIJING, Aug. 12, 2024 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that Mr. Alex Wu, President, Chief Financial Officer and Director of the Company, resigned from the Company for personal reasons, effective August 9, 2024. The Company has appointed Mr. Steven Sim to succeed Mr. Wu as Chief Financial Officer, effective August 12, 2024. Mr. Wu will continue to serve in an advisory role until November 8, 2024, to ensure an orderly and effective transition. "I want to thank Alex for his many contributions to NaaS. We are grateful for the counsel and leadership he has provided, and we wi
BEIJING, Feb. 6, 2024 /PRNewswire/ -- Recently, S&P Global Corporate Sustainability Assessment released the latest annual corporate ESG ratings. NaaS Technology (NASDAQ:NAAS), which participated in the assessment for the first time, achieved outstanding results. As of February 5, 2024, NaaS' total CSA score reached 60 points, surpassing 98% of its global peers in the retail industry and significantly exceeding last year's industry average score of 18 points. This reflects the industry's high recognition of NaaS' ESG management level. The S&P Global Corporate Sustainability Assessment (CSA), initiated in 1999, is one of the largest annual assessments of corporate sustainable development prac
BEIJING, Dec. 30, 2022 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) (the "Company" or "NaaS"), one of the largest and fastest growing electric vehicle charging service providers in China, is pleased to announce that the Company has appointed Mr. Alex Wu as its Chief Financial Officer, effective January 15, 2023. This appointment concludes the previously announced executive search process undertaken by the Company. Mr. Wu has also been appointed the President of the Company and will join its Board of Directors, effective January 15, 2023. "We are delighted to appoint Alex as our President and CFO. Alex brings in a wealth of experiences and skills he accumulated during his successful car
BEIJING, Sept. 30, 2022 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) (the "Company" or "NaaS"), one of the largest and fastest-growing electric vehicle charging service providers in China, today announced that Mr. Lei Zhao has resigned from his position as the Company's chief financial officer for personal reasons, effective immediately. NaaS also announced the appointment of Mr. Alex Wu as interim chief financial officer and has commenced a formal search for a permanent replacement. "I would like to thank Mr. Lei Zhao for his contribution to NaaS and wish him the best in his future endeavors," stated Ms. Yang Wang, chief executive officer of NaaS. "I look forward to working closely wi
BEIJING, July 24, 2024 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2024. Highlights for the Second Quarter of 2024: Notable progress towards profitability in the second quarter of 2024.Monthly net loss continued to narrow throughout the second quarter of 2024 while monthly non-IFRS net profit[1] turned positive for the first time in June 2024. This resulted in a 59% and 63% year over year reduction in net loss and non-IFRS net loss, respectively, for the second quarter of 2024.Gross profit grew 59%
BEIJING, May 9, 2024 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights: Revenues increased by 166% year over year and reached RMB96.2 million (US$13.3 million) for the first quarter of 2024.Gross margin was 25.3% for the first quarter of 2024, compared with 16.9% for the same period of 2023.Gross profit grew 4.0 times year over year to RMB24.3 million (US$3.4 million) for the first quarter of 2024.First Quarter 2024 Operational Highlights: Charging volume transacted through
BEIJING, May 6, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024 after the U.S. market closes on Thursday, May 9, 2024. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on May 10, 2024 (8:00 PM Beijing/Hong Kong time on May 10, 2024). Participants who wish to join the conference call should register online at: https://s1.c-conf.com/diamondpass/10038734-6cm51w.html Once registration is completed, participants will receive the dial-in information
BEIJING, March 28, 2024 (GLOBE NEWSWIRE) -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), the first U.S. listed EV charging service company in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Financial Highlights: Revenues increased by 119% year over year and reached RMB64.4 million (US$9.1 million) for the fourth quarter of 2023. Revenues for the full year of 2023 were RMB320.1 million (US$45.1 million), increasing by 245% year over year.Gross margin was 26.0% for the fourth quarter of 2023, compared with 24.4% for the same period of 2022. Gross margin increased from 6.6
BEIJING, March 22, 2024 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2023 after the U.S. market closes on Thursday, March 28, 2024. The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern time on March 28, 2024 (8:00 AM Beijing/Hong Kong time on March 29, 2024). Participants should complete online registration using the link provided below at least 15 minutes before the scheduled start time. Upon registration, participants will receive the confere
BEIJING, Sept. 5, 2023 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it will report its unaudited financial results for the second quarter and half year ended June 30, 2023 before the U.S. market opens on Friday, September 8, 2023. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on September 8, 2023 (8:00 PM Beijing/Hong Kong time on the same day). Participants who wish to join the conference call should register online at:https://s1.c-conf.com/diamondpass/10033478-hf76e4.html Once registration is completed, participants will receive the
BEIJING, June 14, 2023 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), the largest third-party charging network in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2023 before the U.S. market opens on Friday, June 16, 2023. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on June 16, 2023 (8:00 PM Beijing/Hong Kong time on the same day). Participants who wish to join the conference call should register online at:https://s1.c-conf.com/diamondpass/10031481-ayd7hr.html Once registration is completed, participants will receive the dial-in information for the co
Beijing, China, June 13, 2023 (GLOBE NEWSWIRE) -- NaaS Technology Inc. (NASDAQ: NAAS) ("NaaS" or the "Company"), the first listed EV charging service company in China, announced that Dada Auto, a wholly owned subsidiary of the Company, has entered into a definitive agreement to acquire 89.99% of the issued and outstanding shares of Sinopower Holdings International Co. Limited ("Sinopower") from an existing shareholder of Sinopower, for an aggregate purchase price of approximately US$6.1 million in cash. The share purchase is subject to customary closing conditions and is expected to close in June 2023. Sinopower HK specializes in Estates and commercial/industrial rooftop solar PV project
BEIJING, April 21, 2023 (GLOBE NEWSWIRE) -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 Operational Highlights: Charging volume transacted through NaaS' network reached 856.8 GWh in the fourth quarter of 2022 and 2,753.7 GWh in 2022, representing an increase of 91% and 116% year over year, respectively.Gross transaction value transacted through NaaS' network reached RMB840.2 million (US$121.8 million) in the fourth quarter of 2022 and R
BEIJING, April 21, 2023 /PRNewswire/ -- NaaS Technology Inc. ("NaaS" or the "Company") (NASDAQ:NAAS), one of the largest and fastest growing electric vehicle charging service providers in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2022 after the U.S. market closes on Friday, April 21, 2023. The Company's management will host an earnings conference call at 9:00 PM U.S. Eastern time on April 21, 2023 (9:00 AM Beijing/Hong Kong time on April 22, 2023). Participants who wish to join the conference call should register online at: https://s1.c-conf.com/diamondpass/10030140-fg78o2.html Once registration is compl
Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro. General Dynamics shares declined 5.2% to $279.26 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01. Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday. Selina Hospitality PLC
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U.S. stocks traded mostly lower this morning, with the Nasdaq Composite falling around 300 points on Wednesday. Following the market opening Wednesday, the Dow traded down 0.10% to 40,914.80 while the NASDAQ fell 1.63% to 18,208.05. The S&P 500 also fell, dropping, 0.98% to 5,611.77 . Check This Out: Amazon To Rally Around 9%? Here Are 10 Top Analyst Forecasts For Wednesday Leading and Lagging SectorsEnergy shares jumped by 0.5% on Wednesday. In trading on Wednesday, information technology shares fell by 2.3%. Top Headline Johnson & Johnson (NYSE:JNJ) reported better-than-expected second-quarter earnings on Wednesday. The company posted a
Naas Technology's (NYSE:NAAS) short percent of float has fallen 16.46% since its last report. The company recently reported that it has 71 thousand shares sold short, which is 0.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
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