Key Highlights

  • Erayak Power Solution Group (NASDAQ:RAYA) was trading down 8.08% at USD 0.4412 in pre-market on Friday, November 13, 2026, and no company announcement explaining the move was found in searches.
  • The shares closed at USD 1.39 on October 16, 2026 in published market data, so the pre-market price is about 68% lower (calculated), after a 1-for-10 reverse split in April.
  • Trailing twelve-month Revenue was USD 26.28 million with a net loss of USD 1.63 million, while full-year 2025 revenue of USD 22.86 million was down about 24.6% from USD 30.30 million.
  • Published data listed about 1.08 million shares outstanding and a market cap near USD 1.49 million in mid-October, with a 52-week range of USD 1.30 to USD 61.50.

No Company Announcement Found for the Pre-Market Slide

Erayak Power Solution Group (NASDAQ:RAYA) was trading down 8.08% at USD 0.4412 in pre-market on November 13, 2026, according to pre-market market data. No press release, filing or exchange notice dated November 11 to November 13 was found that explains the decline. A move of this size in a sub-USD 1 stock is not by itself news, and the pre-market price comes from thin extended-hours trading where a small number of trades can shift the quote and spreads can be wide. The screener's prior close can be stale for micro caps, so the move is treated as a pre-market figure only and the move could look different against the last regular-session close. The most recent confirmed events are the reverse split and the earlier offerings described below.

Business, Last Reported Numbers and Share Structure

Erayak designs and sells power products such as inverters, generators, chargers and portable power stations through subsidiaries in China, the UK, Mexico, Poland and Portugal. In 2025 it set up a U.S. subsidiary, Nexora Group, and in 2026 it promoted tri-fuel generators and backup power products for the U.S. market. Revenue for 2025 was USD 22.86 million against USD 30.30 million in 2024. The company announced a 1-for-10 reverse split on April 16, 2026, effective April 20, which left roughly 1.08 million shares in published data. Cash was not available in the figures found, and no recent quarterly release was located.

Listing History and the Risk of Another Compliance Issue

In September 2025 the company disclosed a Nasdaq delisting notice linked to its rule on low-priced stocks, and in July and August 2025 it closed registered direct offerings worth about USD 10 million in total. The shares were USD 1.39 on October 16, 2026, and a price near USD 0.44 would sit below the USD 1.00 minimum bid again. No new notice was found, and the market cap implied by the pre-market price is only about USD 0.48 million if the share count is unchanged (calculated). Further dilution, a new deficiency or a second consolidation are the main risks to watch.

Where Things Stand

The most likely answer is that there is no company-specific catalyst. Erayak Power Solution Group (NASDAQ:RAYA) was trading down 8.08% at USD 0.4412 in pre-market on November 13, 2026, after falling from USD 1.39 in mid-October, and no announcement explaining the move was found. The picture is a micro-cap with shrinking revenue, a small net loss, a 1-for-10 reverse split already behind it and a share price that is back below USD 1. Next markers are any Nasdaq notice, the next financial report and any new share issuance.