KULR Technology Group Sees 17.4% Increase After Securing Caban Supply Deal and Expanding Texas Assets

KULR Technology Group's stock rose 17.4% after securing a five-year battery supply deal with Caban Energy and acquiring its Texas manufacturing assets. This deal strengthens KULR's revenue pipeline and supports its mission-critical energy storage story. However, the company's profitability and funding remain key risks, with a short cash runway and reliance on external capital. KULR's narrative projects $73.8 million revenue and $7.5 million earnings by 2028, requiring 78.5% yearly revenue growth and a $24.8 million earnings increase.