Key Highlights

  • The company announced 20 LS450 electric truck deliveries under a New York voucher program on November 3, 2026.
  • Those deliveries represent more than USD 2.44 million in revenue, according to the company.
  • A sales agreement dated October 9, 2026 allows up to USD 100 million of common stock to be offered over time.
  • Full year 2025 Revenue was USD 18.08 million, down about 42% from USD 31.30 million.
  • The 2025 net loss was about USD 72.98 million, 62.7% larger than in 2024.

What Moved Cenntro Before the Open (down USD 0.1370, 46.02%)

Cenntro (NASDAQ:CENN) was down 46.02% to USD 0.1607 in pre-market trading on November 4, 2026, a decline of USD 0.1370 from the Tuesday, November 3, 2026 close. That implies a prior close of about USD 0.2977 (calculated), meaning the stock had already lost most of its value during the regular session on November 3.

The only company announcement dated November 3, 2026 that was identified is a delivery update, which is operationally positive and does not explain a sharp fall. No filing or release was found that directly accounts for the move, so the cause is unconfirmed.

What Did the Delivery Update Say?

According to a company press release dated November 3, 2026, Cenntro delivered 20 LS450 electric trucks under the New York Truck Voucher Incentive Program, representing more than USD 2.44 million in revenue. The company said the LS450 has also qualified for the New York City Clean Trucks Program and plans further deliveries under it.

The release gave no price per truck, Margin or profit figure, and the company noted that customer incentives depend on each program's eligibility rules, funding availability and approval process.

Business Background and Recent Results

Cenntro designs, manufactures, distributes and services commercial vehicles that run on electricity or hydrogen. It operates in Europe, Asia, the United States and other markets and mainly serves fleet and municipal customers for city services and last mile delivery.

Full year 2025 revenue was USD 18.08 million, down about 42% from USD 31.30 million in 2024, and the net loss was about USD 72.98 million.

Share Program, Listing History and Risks

The most relevant recent disclosure is an at-the-market sales agreement dated October 9, 2026. It lets the company offer up to USD 100 million of common stock through a sales agent that receives a commission of 3.5% of gross proceeds.

That capacity is large compared with the company's market value, which was only about USD 7.4 million when the shares closed near USD 3.03 on October 16, 2026. No filing confirming issuance in early November was identified.

On April 9, 2026 the company announced a 1-for-60 Reverse Stock Split to address the Nasdaq minimum bid price rule and said on April 28, 2026 that it had regained compliance. At USD 0.1607 the stock is far below the USD 1.00 threshold again, which raises the chance of a new deficiency notice.

As a penny stock, Cenntro can be highly volatile and thinly traded, and further share issuance carries a clear risk of dilution.

What to Watch Next

The third quarter 2026 report is expected around November 11, 2026. It should show cash, revenue trends and any shares issued under the sales agreement.

Other markers include a Nasdaq deficiency notice and any new reverse split proposal. Pre-market Volume is thin, so the move can change once regular trading opens.