Erayak Power shares surge 23.64% after-hours after establishing U.S. subsidiary to advance global expansion and long-term growth strategy.

Erayak Power Solution Group Inc. (RAYA) surged 23.64% in after-hours trading following the announcement that it established a U.S. subsidiary to advance global expansion and reinforce long-term growth strategy. This move signals the company’s commitment to strengthening its market presence in key international markets, potentially unlocking new revenue streams and investor confidence. The news aligns with positive market reactions, contrasting with earlier challenges such as Nasdaq delisting risks and recent losses in FY 2024. The establishment of the U.S. subsidiary is positioned to enhance operational scalability and strategic partnerships, directly addressing the stock’s sharp post-market rally.