RAYA

Company Overview — What Does Erayak Power Solution Group Inc. Do?

Erayak Power Solution Group Inc. was formed in 2019 under the laws of the Cayman Islands. We conduct business primarily through our wholly-owned subsidiaries, Zhejiang Leiya and Wenzhou New Focus, in the People’s Republic of China, or the PRC. Our company specializes in the manufacturing, research and development (“R&D”), and wholesale and retail of power solution products. Zhejiang Leiya’s product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. Our products are used principally in agricultural and industrial vehicles, recreational vehicles (“RVs”), electrical appliances, and outdoor living products. Our primary office is located in Zhejiang province, where we serve a large customer base throughout PRC and expand our reach to international clients. Our goal is to be the premier power solutions brand and a solution for mobile life and outdoor living. We seek to leverage our flexibility and passion for quality to provide a personalized mobile living solution for each customer. Since the founding of Zhejiang Leiya in 2009, it has grown to be a manufacturer that not only designs, develops and mass produces our own brand of premium power solution products, but has also established e-commerce channels in the retail chain. We, through our PRC subsidiaries, also offer our products in Japan, England, Germany, France, Spain, Switzerland, Sweden, the Netherlands, the U.S., Canada, Mexico, Australia, Dubai, and 9 other countries. Zhejiang Leiya manufactures all of our products in factories operating under quality management systems accredited by the International Organization for Standardization (ISO 9001:2015). Furthermore, our products have been tested for regulatory compliance and safety. Some of our compliance marks include: TÜV certification from Technischer Überwachungsverein, an internationally recognized service company; GS Mark for safety under the German Equipment and Product Safety Act; C-tick certification by the Australian Communications Media Authority; FCC Mark from the U.S. Federal Communications Commission, PAH certification mark for Polycyclic Aromatic Hydrocarbon concentrations; REACH Certification for substances of very high concern under the European Chemicals Agency; CE Mark certifying compliance with European Union safety, health and environmental protection standards; RoHs Mark for compliance with the Restriction of Hazardous Substances in the European Union; c ETL Certification for compliance with Canadian safety standards; and us ETL Mark for compliance with U.S. safety standards. We generated revenue mostly from three types of products: (1) inverters constituted approximately 63% for the six months ended June 30, 2022, 82% and 86% of our total revenue for the fiscal years ended December 31, 2021, and 2020, respectively; (2) chargers, which generated approximately 3.49% for the six months ended June 30, 2022, 7.52% and 7.39% of our total revenue for the fiscal years ended December 31, 2021, and 2020, respectively; (3) gasoline generators generated approximately 32.95% for the six months ended June 30, 2022, 8.28% and 4.91% of our total revenue for the fiscal years ended December 31, 2021, and 2020, respectively. Due to our substantial investment in research and development, Zhejiang Leiya was awarded High-Tech Enterprise status by the Zhejiang provincial government, which qualified us for China’s National High-Tech Enterprise Program, a national-level program. Specifically, companies in the China’s National High-Tech Enterprise Program are eligible for up to a 10% corporate income tax break and certain deductions related to intangible assets, such as obtaining patents in the R&D process. Additionally, our research and patents in the power solution space have brought us local recognition; we were awarded certificates by the provincial and city government that identifies us as a Zhejiang Science and Technology Enterprise, and a Wenzhou Science and Technology Innovation Enterprise. These certificates entitle us to certain preferential tax treatment and sometimes grants from the government to aid R&D efforts in furtherance of the business. Furthermore, we are a supplier for many international companies, including Einhell Germany AG, Canadian Tire Corporation Limited, Steren Electronics International, LLC, etc. Zhejiang Leiya’s products are customized and built to order, or BOT. The BOT business model maximizes our flexibility in production scheduling, material procurement, and delivery to meet our customers’ unique demands. We have adopted a multi-step, full-service system to ensure quality and client satisfaction. Customers can choose from within our product portfolio and communicate specified requirements to the sales department. Our technical department will evaluate the request’s feasibility and coordinate with the customer to make adjustments. The production department will create samples that will undergo inspection by the quality inspection department for quality and material warranty. The sales department will submit the prototype, inspection report, quality assurance, and quote to the customer for verification. After confirmation by the customer, our procurement department will purchase the raw materials, and the production department will fulfill the order. Finally, our inspection department will inspect and issue a report affirming the quality before the production department pack and deliver the final product to the customer. Our principal executive office is located at No. 528, 4th Avenue, Binhai Industrial Park, Wenzhou, Zhejiang Province, People’s Republic of China. The telephone number of our principal executive offices is +86-577-86829999. Our registered agent in Cayman Islands is Harneys Fiduciary (Cayman) Limited. Our registered office and our registered agent’s office in Cayman Islands are both at 4th Floor, Harbour Place, 103 South Church Street, PO Box 10240, Grand Cayman, KY1-1002, Cayman Islands. Erayak Power Solution Group Inc. (RAYA) is classified as a micro-cap stock in the Industrials sector, specifically within the Electrical Equipment industry. The company is led by CEO Lingyi Kong and employs approximately 120 people. With a market capitalization of $1M, RAYA is one of the notable companies in the Industrials sector.

Erayak Power Solution Group Inc. (RAYA) Stock Rating — Avoid (April 2026)

As of April 2026, Erayak Power Solution Group Inc. receives a Avoid rating with a composite score of 21.3/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.RAYA ranks #4,288 out of 4,446 stocks in our coverage universe. Within the Industrials sector, Erayak Power Solution Group Inc. ranks #730 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

RAYA Stock Price and 52-Week Range

Erayak Power Solution Group Inc. (RAYA) currently trades at $0.86. The stock gained $0.40 (88.1%) in the most recent trading session. The 52-week high for RAYA is $7.18, which means the stock is currently trading -88.0% from its annual peak. The 52-week low is $0.03, putting the stock 2392.8% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.

Is RAYA Overvalued or Undervalued? — Valuation Analysis

Erayak Power Solution Group Inc. (RAYA) carries a value factor score of 16/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 0.05x, versus the sector average of 2.23x. The price-to-sales ratio is 0.01x, compared to 0.50x for the average Industrials stock.

At current multiples, Erayak Power Solution Group Inc. trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Erayak Power Solution Group Inc. Profitability — ROE, Margins, and Quality Score

Erayak Power Solution Group Inc. (RAYA) earns a quality factor score of 28/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -16.8%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -9.7% versus the sector average of 3.3%.

On a margin basis, Erayak Power Solution Group Inc. reports gross margins of 13.2%, compared to 35.8% for the sector. The operating margin is -5.2% (sector: 6.2%). Net profit margin stands at -3.7%, versus 3.9% for the average Industrials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

RAYA Debt, Balance Sheet, and Financial Health

Erayak Power Solution Group Inc. has a debt-to-equity ratio of 19.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $5M. Cash and equivalents stand at $532,605.

RAYA has a beta of 9.12, meaning it is more volatile than the broader market — a $10,000 investment in RAYA would be expected to move 811.5% more than the S&P 500 on any given day. The stability factor score for Erayak Power Solution Group Inc. is 1/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Erayak Power Solution Group Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Erayak Power Solution Group Inc. reported revenue of $30M and earnings per share (EPS) of $-0.04. Net income for the quarter was $-1M. Gross margin was 13.2%. Operating income came in at $-2M.

In FY 2024, Erayak Power Solution Group Inc. reported revenue of $30M and earnings per share (EPS) of $-0.04. Net income for the quarter was $-1M. Gross margin was 13.2%. Revenue grew 47.7% year-over-year compared to FY 2023. Operating income came in at $-2M.

In FY 2023, Erayak Power Solution Group Inc. reported revenue of $21M and earnings per share (EPS) of $0.10. Net income for the quarter was $1M. Gross margin was 24.5%. Revenue grew -23.8% year-over-year compared to FY 2022. Operating income came in at $746,766.

In FY 2022, Erayak Power Solution Group Inc. reported revenue of $27M and earnings per share (EPS) of $0.38. Net income for the quarter was $3M. Gross margin was 24.6%. Revenue grew 44.4% year-over-year compared to FY 2021. Operating income came in at $4M.

Over the past 5 quarters, Erayak Power Solution Group Inc. has demonstrated a growth trajectory, with revenue expanding from $19M to $30M. Investors analyzing RAYA stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

RAYA Dividend Yield and Income Analysis

Erayak Power Solution Group Inc. (RAYA) does not currently pay a dividend. This is common among smaller companies in the Electrical Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

RAYA Momentum and Technical Analysis Profile

Erayak Power Solution Group Inc. (RAYA) has a momentum factor score of 29/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 20/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 13/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

RAYA vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, Erayak Power Solution Group Inc. (RAYA) ranks #730 out of 752 stocks based on the Blank Capital composite score. This places RAYA in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing RAYA against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full RAYA vs S&P 500 (SPY) comparison to assess how Erayak Power Solution Group Inc. stacks up against the broader market across all factor dimensions.

RAYA Next Earnings Date

No upcoming earnings date has been announced for Erayak Power Solution Group Inc. (RAYA) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy RAYA? — Investment Thesis Summary

The quantitative profile for Erayak Power Solution Group Inc. suggests caution. The quality score of 28/100 flags below-average profitability. The value score of 16/100 indicates premium valuation. Momentum is weak at 29/100, a headwind for near-term performance. High volatility (stability score 1/100) increases portfolio risk.

In summary, Erayak Power Solution Group Inc. (RAYA) earns a Avoid rating with a composite score of 21.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on RAYA stock.

Related Resources for RAYA Investors

Explore more research and tools: RAYA vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare RAYA head-to-head with peers: RAYA vs SOBO, RAYA vs TEN, RAYA vs GLDD.