XCharge says unaware of specific reason for ADS price volatility
XCHG•XCharge said it was unaware of a specific reason for recent volatility in its ADS price and said it remains focused on executing its business plan. Its CFO said the market valuation does not reflect the company’s fundamentals, technology or growth potential.
1. Company addresses volatility
XCharge said it was not aware of any specific reason for recent moves in its ADS price. The company said it remains focused on executing its business plan, serving customers and partners, and strengthening its position in key markets.
2. Executives express confidence
CFO Joel Adalberto Gallo said the current market valuation does not reflect the company’s underlying fundamentals, technology or growth potential. Co-CEO Yifei (Simon) Hou said XCharge remains confident in its long-term growth and aims to build long-term shareholder value.
