KULR Technology Group Stock Jumps After Securing 5-Year Battery Supply Deal

by | Jan 14, 2026 | General

KULR Technology Group, Inc. (AMEX:KULR) shares are moving higher Wednesday after the company announced it secured a 5-year preferred battery supply agreement from Caban Energy.

KULR’s Strategic Move Into Energy Storage

KULR said the five-year agreement with Caban Energy is expected to generate approximately $30 million in total revenue starting in 2026.

Under the agreement, KULR will serve as a preferred battery supplier to Caban, a renewable energy services and technology company focused on solutions for critical infrastructure. The deal supports KULR’s expansion into lithium-based battery solutions for digital infrastructure and telecommunications applications.

As part of the agreement, KULR assumed control of Caban’s Plano, Texas-based manufacturing assets. The company said the addition strengthens its U.S. manufacturing footprint and is expected to accelerate expansion into communications, fiber and data-center energy-storage markets.

KULR noted that the agreement aligns with growing demand for reliable, high-performance energy storage systems designed to support mission-critical network operations, including backup power for telecommunications infrastructure.

KULR CEO Michael Mo said the supplier award and manufacturing expansion are intended to increase development and production throughput and support delivery of energy systems at scale for customers.

A Closer Look At KULR’s Technical Picture

KULR is currently trading 21.7% above its 20-day simple moving average (SMA) and 4.1% above its 100-day SMA, suggesting a short-term bullish trend. However, it remains 33.2% below its 200-day SMA, indicating longer-term weakness.

The RSI is at 51.83, which is considered neutral territory, while the MACD is above its signal line, indicating bullish momentum. The combination of these indicators suggests that while there is some positive momentum, it is not yet strong enough to signal a definitive trend reversal.

KULR Technology Group has a Benzinga Edge momentum score of 83/100, suggesting the stock is outperforming the broader market in terms of underlying momentum.

KULR Price Action: KULR Technology shares were up 19.71% at $4.13 at the time of publication on Wednesday, according to Benzinga Pro.

This illustration was generated using artificial intelligence via Midjourney.