Erayak Power Solution Group (RAYA)
Manufacturer of generators, inverters, energy-storage systems, and portable power equipment.
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Manufactures generators, power-conversion equipment, energy-storage systems, portable power stations, and smart chargers, selling customized orders alongside branded wholesale, retail, and e-commerce products. Operations sit chiefly in China within a Cayman holding-company structure whose parent has no material operations.
Designs and manufactures gasoline generators, DC-to-AC inverters, hybrid inverter and energy-storage systems, portable power stations, and smart battery chargers for mobile, outdoor, household-backup, vehicle, and light-commercial uses. Revenue comes primarily from manufactured equipment, through customized built-to-order work for business customers and branded wholesale, retail, and e-commerce sales.
Operates manufacturing and its principal office in Wenzhou, China, while a Nevada subsidiary is intended to support North American R&D, brand management, marketing, sales, and logistics. Products are sold in China and internationally through channels including Amazon, JD.com, and flagship stores.
Relies on a Cayman holding-company structure with no material operations of its own; subsidiaries in China generate substantially all operations and depend on PRC exchange controls and statutory-reserve rules for fund movements to the offshore parent.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $4.7M · Total debt $12.5M · Total assets $59.4M · Shareholders' equity $35.3M
- Revenue
- $14.1M
- Operating income
- −$1.0M
- Net income
- −$873.3K
No dividends on record.
1.01M ADS (1 ADS = 12 ordinary shares) as of Aug 21, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Wang-Ngai MakInsider | —18.18% of class, as filed | — | 13Gfiled Jan 24, 2024 ↗ |
13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
Nothing filed in the last 12 months.
- Generac
Broad overlap in portable generators, home backup, and energy storage.
- Honda (ADR)
Direct portable gasoline inverter-generator rival for outdoor and backup use.
- Enphase Energy
Solar-plus-storage systems overlap with hybrid inverters and home backup.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Erayak Power Solution Group | $2.31 | 0.00% | $2.3M | — | — | 0.1 | — |
| Generac | $180.06 | −0.36% | $10.64B | 41.6 | 17.9 | 2.4 | +10.6% |
| Honda (ADR) | $32.35 | −0.28% | $42.10B | — | 18.0 | 0.3 | +3.9% |
| Enphase Energy | $35.53 | +0.06% | $4.69B | 35.5 | 18.2 | 3.5 | −19.6% |
| Median | 38.6 | 18.0 | 2.4 | +3.9% |