HyperStrong lists on Shanghai stock exchange, surges 230% on its first day

The Chinese battery energy storage system (BESS) integrator debuted on the stock exchange with a market capitalization of RMB 11.339 billion ($1.56 billion).
Image: HyperStrong

HyperStrong, one of the world’s leading BESS integrators, has completed an initial public offering (IPO) on the Shanghai Stock Exchange’s Science and Technology Innovation Board.

In its stock exchange debut on Monday, the company issued at RMB 19.38 per share ($2.7) and closed at RMB 63.80 ($8.8), representing an increase of 229.21% from the issue price. Its market capitalization reached RMB 11.339 billion ($1.56 billion) up from RMB 3.444 billion ($475 million).

“Over the past decade, HyperStrong has witnessed and contributed to the rapid evolution of China’s energy storage industry. Today’s successful listing represents a significant milestone and a new opportunity for us. We will continue to focus on innovation and sustainable development to deliver long-term value to our shareholders,” said Jianhui Zhang, chairman and CEO of HyperStrong.

According to S&P Global 2024 rankings, HyperStrong was the world’s fourth biggest BESS integrators looking at the total pipeline of installed and contracted projects worldwide. Its presence to date has been mostly focused on China, but as of lately the company has been actively looking to expand its business overseas through a partnership with Western competitors, such as Fluence, or other prominent players in Australia and Europe.

Founded in 2011, Beijing-based HyperStrong provides a wide range of energy storage solutions including liquid-cooling energy storage systems, outdoor cabinets, all-in-one charging and storage systems for utility-scale, commercial and industrial uses. It has delivered more than 300 energy storage projects to date, with more than 20 GWh of operational capacity.

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  • Marija has years of experience in a news agency environment and writing for print and online publications. She took over as the editor of pv magazine Australia in 2018 and helped establish its online presence over a two-year period.

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