Financing ·
Erayak Power raises $7.48M via share issuance and reports $12.17M H1 sales
RAYAErayak Power Solution Group Inc.
Erayak Power Solution Group Inc. raised approximately $7.48 million through the issuance of shares during the six months ended June 30, 2026. The company also reported first-half revenue of $12.17 million, a 39% increase from the prior year period, driven by higher sales volumes of gasoline generators and inverters. Despite top-line growth, gross margins compressed to 15.63% due to a shift toward lower-margin generator products and a volume-driven pricing strategy. The company incurred a net loss of $761,221 for the period. Erayak Power Solution Group Inc. manufactures and sells electrical power products, including inverters, chargers, and gasoline generators.