MBAK Energy Solutions, Inc. (OTC:MBAK) Announces $500,000 Share Repurchase Plan

Group 1 - The Board of Directors of MBAK Energy Solutions, Inc. has authorized a stock repurchase program of up to $500,000, which will be funded through existing cash reserves and recent order fulfillment payments [1][2] - The company expects to initiate the buyback immediately and continue throughout Calendar Year 2026 until the target amount is reached [1] - CEO Dietmar Schweizer emphasized that the current valuation does not reflect the aggressive growth anticipated in the 2026 guidance, and the buyback demonstrates a commitment to shareholder value [2] Group 2 - The stock repurchase program follows several operational milestones, including a ticker symbol change, new board leadership, and an expanded focus on energy storage and management products [2] - The company has fulfilled production orders worth $65 million in the order pipeline for 2026, indicating strong operational performance [2] - The $500,000 buyback target represents a significant percentage of the company's current issued and outstanding shares, adding price support and stability [2][3]