NaaS Technology Raises US$25 Million in August 2026 Private Placement, Cementing Newlink’s Control
TipRanks (Mon, 31-Aug 5:17 PM ET)
Globe Newswire (Wed, 5-Aug 4:40 PM ET)
Market Chameleon (Fri, 2-Jan 6:52 AM ET)
Naas Technology Inc is an electric vehicle charging service provider in China, whose vision is to power the world with carbon-neutral energy. It offers an integrated set of online solutions to charging station operators, a wide range of offline services that simplify the daily operations of charging station operators, and non-charging services such as food and beverage services to station operators.
Naas Technology - American Depositary Shares trades on the NASDAQ stock market under the symbol NAAS.
As of August 31, 2026, NAAS stock price climbed to $3.25 with 15,131 million shares trading.
NAAS has a market cap of $55.43 million. This is considered a Micro Cap stock.
In the last 3 years, NAAS traded as high as $2,316.80 and as low as $1.80.
NAAS has underperformed the market in the last year with a price return of +6.2% while the SPY ETF gained +19.4%. However, in the short term, NAAS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +2.5% vs +1.9% return in SPY. But in the last 2 weeks, NAAS shares have been beat by the market, returning -3.0% compared to an SPY return of -1.2%.
NAAS support price is $2.97 and resistance is $3.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NAAS shares will trade within this expected range on the day.