0546 GMT - EVE Energy is expected to post higher earnings ahead amid strong demand for energy storage systems, Nomura analysts say in a note. The management anticipates sequential margin recovery in 4Q, note Ethan Zhang and Joel Ying. They view EVE Energy as a key beneficiary of robust ESS demand globally, with ESS contributing 60% of non-consumer battery shipment volume in 3Q, higher selling prices of ESS batteries, and opportunities in the overseas market with the first-mover advantage of the Malaysian battery plant rollout. Nomura raises its 2025-2027 earnings forecast by 3%-12% to reflect the better outlook. It maintains a buy rating on the stock and raises the target price to CNY91.00 from CNY62.00. Shares last at CNY79.04.(jason.chau@wsj.com)
(END) Dow Jones Newswires
October 24, 2025 01:46 ET (05:46 GMT)
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