MBAK Energy Solutions authorizes $500,000 stock repurchase program

MBAK Energy Solutions, Inc. (OTC: MBAK) announced its board of directors authorized the repurchase of up to $500,000 of the company's common stock in compliance with SEC Rule 10b-18.

The repurchase will be funded through existing cash reserves and payments from recent order fulfillment, according to the company's press release. MBAK expects to begin buying back stock immediately and continue periodically throughout 2026 until reaching the target amount.

"Our current valuation does not reflect the aggressive growth we are seeing in our 2026 guidance," said CEO Dietmar Schweizer. "This $500,000 buyback demonstrates commitment to shareholder value."

The company reported completing operational milestones including a ticker symbol change from ALYI to MBAK, appointment of new board leadership, and expanded focus on energy storage, distribution, management, and mobility products and services. MBAK stated it has fulfilled production orders worth $65 million in its order pipeline for 2026.

The energy solutions company operates from locations in Seoul, South Korea, Shenzhen, China, and Wilmington, North Carolina. The $500,000 target represents what the company describes as a meaningful percentage of its current issued and outstanding shares.

MBAK trades on the over-the-counter market under the ticker symbol MBAK following its transition from the previous ALYI ticker symbol.

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