Erayak Power shares surge 13.77% after-hours after establishing U.S. subsidiary to advance global expansion.

Erayak Power Solution Group Inc. surged 13.77% in after-hours trading following the announcement that it established a U.S. subsidiary to advance global expansion and reinforce its long-term growth strategy. This move signals the company’s intent to strengthen its market presence in North America, a development likely to enhance investor confidence in its future revenue prospects. While prior news, such as a Nasdaq delisting notice and losses in FY 2024, had weighed on the stock, the recent strategic initiative appears to have outweighed those concerns, driving the sharp after-hours rebound.