Erayak Power shares surge 30.91% after-hours after establishing U.S. subsidiary to advance global expansion.

Erayak Power Solution Group Inc. (RAYA) surged 30.91% 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, highlighted in a PR Newswire release one month prior, signals the company’s commitment to expanding its market presence in the United States, a strategic step likely to enhance operational scale and investor confidence. While previous news, such as Nasdaq delisting notices and registered offerings, had pressured the stock, the recent expansion news directly aligns with the sharp after-hours rally, indicating renewed optimism about the company’s growth trajectory.