Shares of ATRenew, a China-based renewable energy materials recycler, fell 8.06% in pre-market trading on Thursday after the company released unaudited second-quarter 2026 results ahead of the U.S. market open.
Revenue for the quarter increased 32.4% year-over-year to RMB 6,609.3 million (US$974.1 million), exceeding the high end of the company’s guidance. Net income rose 78.6% to RMB 129.1 million (US$19.0 million), though this marked a deceleration from the 215.7% surge recorded in the first quarter of 2026.
Analysts maintained a bullish stance, with four brokerages assigning an “Outperform” consensus rating. The average price target from five analysts stood at $6.78, with a high estimate of $8 and a low of $5.50. The stock remains above its 52-week low of $3.50 but has retreated from its recent peak of $6.47.
Risk factors cited included net insider selling activity observed prior to the earnings release and ongoing uncertainties tied to potential subsidy reductions and broader China-related market risks.
