Elong Power (NASDAQ:ELPW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Elong Power (NASDAQ:ELPW) to a hold rating in a report released on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Elong Power in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Elong Power presently has a consensus rating of “Sell”.

Elong Power Trading Up 6.5%

Shares of NASDAQ ELPW opened at $0.38 on Friday. The stock has a 50 day simple moving average of $1.10 and a 200-day simple moving average of $1.99. Elong Power has a 12-month low of $0.25 and a 12-month high of $8.08.

Institutional Investors Weigh In On Elong Power

An institutional investor recently bought a new position in Elong Power stock. Invesco Ltd. acquired a new position in shares of Elong Power Holding Limited (NASDAQ:ELPW) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 34,808 shares of the company’s stock, valued at approximately $31,000. Invesco Ltd. owned approximately 0.07% of Elong Power as of its most recent SEC filing. Institutional investors own 88.31% of the company’s stock.

Elong Power Company Profile

Elong Power Holding Ltd. engages in the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. The company was founded on August 18, 2023 and is headquartered in Ganzhou, China.