Key Highlights

  • Elong Power Holding Limited (NASDAQ:ELPW) tops the group with a gain of 38.11% to USD 3.37 on a distribution contract, even though it no longer makes batteries. The four are ranked by size of pre-market move.
  • CBAK Energy Technology (NASDAQ:CBAT) rose 9.57% to USD 0.9533 without a dated announcement, while Solidion Technology (NASDAQ:STI) gained 9.00% to USD 4.56 with its non-binding Flux Power proposal still open.
  • Stem, Inc. (NYSE:STEM) is the lone decliner, down 8.45% to USD 2.60. It sells software that manages storage assets rather than cells, so its revenue depends on contracts and hardware resale.
  • Three of the four moves carry no dated company catalyst. Thin liquidity and the Federal Reserve decision due later on Wednesday, October 28, 2026 form the shared backdrop for these capital-hungry battery names.

Elong Power Holding Limited (NASDAQ:ELPW): a former battery maker now reporting distribution revenue

Elong Power Holding Limited (NASDAQ:ELPW) sold its lithium battery business in March 2026 and now reports distribution revenue. The shares traded at USD 3.37 in Wednesday, October 28, 2026 pre-market trading. Simple arithmetic implies a prior close near USD 2.44, which matches market data. The catalyst is the company's release of Wednesday, October 28, 2026, saying its Hong Kong subsidiary signed a one-year cooperation agreement worth USD 25.5 million to distribute smart consumer electronics. The first delivery was about USD 0.84 million, and the deal renews automatically unless a party objects.

A release dated Tuesday, October 6, 2026 put revenue at USD 2,899,110 for the six months to Tuesday, June 30, 2026, against USD 19,229 a year earlier, with a gross margin of 0.3%. Reported net income of USD 20,494,107 reflects a one-time gain of USD 22,606,404 on the battery disposal rather than operating performance. Risks include dilution from offerings priced in July and August 2026, reverse splits of 1-for-80 and 1-for-45 in 2026 and Nasdaq compliance, against cash of USD 5,939,950. A market capitalisation near USD 2.3 million and a float of about 805,500 shares make the quote fragile.

CBAK Energy Technology (NASDAQ:CBAT): a cell maker rebounding with no new release

CBAK Energy Technology (NASDAQ:CBAT) manufactures lithium-ion battery cells for light electric vehicles, energy storage and backup power. It traded at USD 0.9533 in the Wednesday, October 28, 2026 pre-market snapshot, after dipping 5.74% to USD 0.79 on Tuesday, October 27, 2026. No company-specific announcement dated on or just before Wednesday, October 28, 2026 came with the move. The latest release, dated Wednesday, October 14, 2026, reported about USD 4.76 million of cumulative sales to a European recreational vehicle energy storage customer. The rise looks consistent with thin pre-market liquidity and a rebound in low-priced stocks, an inference.

The first quarter release of Monday, May 18, 2026 showed net revenues of USD 69,617,992, up 99.3%, gross profit of USD 1,039,868, a margin of 1.5%, and a net loss attributable to shareholders of USD 9,287,372. An order of about USD 96 million from an Indian two and three-wheeler maker, with deliveries targeted for 2027, was described in the release of Tuesday, August 25, 2026. The cautious reading rests on thin margins and a 12 GWh Nanjing project that depends on financing. A share price near USD 1.00 bears on Nasdaq minimum bid price standards, as general context rather than a disclosed notice.

Solidion Technology (NASDAQ:STI): an anode developer with an open bid for Flux Power

Solidion Technology (NASDAQ:STI) develops silicon-rich anode materials and battery cells for lithium-ion applications. It traded at USD 4.56 in Wednesday, October 28, 2026 pre-market trading. Nothing company-specific dated on or just before that day accompanied the move. The most recent corporate event was the release of Monday, October 5, 2026, which said the company remains firm on its non-binding, below-market proposal to acquire Flux Power (NASDAQ:FLUX), after the Flux board rejected the offer on Friday, October 2, 2026. The advance seems consistent with thin liquidity and continued attention to that bid, an inference rather than a stated cause.

The release of Thursday, August 6, 2026 reported net sales of USD 124,914 for the quarter ended June 30, 2026 and a net loss of USD 2.89 million. Cash and equivalents of USD 27.7 million, after a USD 35 million private placement, fund research and give it room to pursue Flux Power, although revenue is very small relative to that cash. The cautious reading rests on near-zero revenue, a bid that may not progress, a market capitalisation of roughly USD 45 million as of Monday, October 5, 2026, and a float of about 3.53 million shares.

Stem, Inc. (NYSE:STEM): storage software with guidance and a November date

Stem, Inc. (NYSE:STEM) is a Houston based provider of AI-enabled clean energy software and services, and its PowerTrack platform monitors and optimises solar and storage assets. It traded at USD 2.60 in the pre-market snapshot, a decline of 8.45%, implying a prior close near USD 2.84 by simple arithmetic on the two published figures. No company-specific announcement dated on or just before Wednesday, October 28, 2026 came with the move. The fall seems consistent with thin liquidity and caution ahead of the Federal Reserve decision due later that day.

In its release of Wednesday, August 12, 2026 the company reported second quarter revenue of USD 33.7 million, down 12%, a net loss of USD 14.4 million and adjusted EBITDA of USD 6.2 million, its fifth consecutive positive quarter. It reaffirmed 2026 revenue guidance of USD 140 million to USD 190 million. First half revenue of USD 62.7 million implies second half revenue of USD 77.3 million to USD 127.3 million, by simple arithmetic. The risks are cash of USD 38.4 million and lumpy battery hardware resale of up to USD 40 million. Third quarter results are due on Thursday, November 5, 2026.

Where Things Stand

Battery and storage exposure explains little of today's moves on its own, because the driver differs from name to name. Elong Power Holding Limited (NASDAQ:ELPW) moved on a distribution contract after leaving batteries. CBAK Energy Technology (NASDAQ:CBAT) and Solidion Technology (NASDAQ:STI) rose without a dated catalyst, and Stem, Inc. (NYSE:STEM) fell as a software provider rather than a cell maker.

The next catalysts are the open at 9:30 a.m. ET, the Federal Reserve decision due later on Wednesday, October 28, 2026, any update on the Flux Power proposal and Stem's third quarter results on Thursday, November 5, 2026. Pre-market prices are snapshots that can change, and this is not investment advice.