CALB (03931) shares are soaring 5.03% in intraday trading, as investors react positively to the company's impressive third-quarter financial results and optimistic forecasts for the global energy storage market. The stock's surge comes on the heels of a report showing CALB's net profit skyrocketed by 279.65% year-on-year in the first three quarters of 2025.

According to the company's latest financial report, CALB's total operating revenue reached RMB28.54 billion, marking a 49.92% increase compared to the same period last year. This strong performance has caught the attention of analysts, with Huaan Securities projecting CALB's net profits to reach RMB1.37 billion in 2025, further climbing to RMB3.04 billion and RMB4.79 billion in 2026 and 2027, respectively.

The bullish sentiment surrounding CALB is further bolstered by the company's strategic positioning in the rapidly expanding global energy storage market. As the fourth-largest global shipper of energy storage battery cells in the first half of the year, CALB is well-positioned to capitalize on the projected growth in key markets. Analysts highlight China's transition to value-driven growth in energy storage, Europe's maturing profitability model, and the increasing power demands driven by AI development in the United States as key factors that could drive CALB's future growth. With major projects secured in Latin America and South Africa, and breakthroughs in its international power plant business, CALB appears poised to ride the wave of expanding global energy storage demand.