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Sunrise Energy Metals Limited (ASX:SRL) received a cautious assessment from Pendal Group in October 2026, with the fund manager maintaining an underweight position. Pendal cited weakness across the resources sector, concerns about data centre and electric vehicle markets, and a 14% year-on-year decline in Chinese EV demand. The commentary also reflected a preference for mining services contractors, where earnings visibility was considered greater. Sunrise Energy Metals operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Pendal Group. Founded in 1990 and headquartered in Melbourne, Australia, the company explores for scandium, nickel, cobalt and alloy deposits. Formerly known as Clean TeQ Holdings Limited, it adopted the Sunrise Energy Metals name in March 2021.
Company figures as of 13 Nov 2026. For information only.
Fund managers including Pendal Group have invested in Sunrise Energy Metals Ltd (ASX:SRL).
Pendal Group did not identify specific company-level opportunities or catalysts for Sunrise Energy Metals in its October 2026 commentary. The fund manager acknowledged the company's exposure to battery metals, including nickel, cobalt and scandium, but highlighted broader resource sector uncertainty rather than a positive investment catalyst.
Pendal Group highlighted weakness across the resources sector, driven partly by concerns about data centre and electric vehicle market demand. The manager also pointed to a 14% year-on-year decline in Chinese EV demand as a potential headwind for battery metals companies such as Sunrise Energy Metals. Pendal's underweight position reflects a preference for mining services contractors, where earnings visibility is considered greater.
As at 13 November 2026, the short interest in Sunrise Energy Metals Ltd (ASX:SRL) is 4.65% which makes it the 85th most shorted stock on the ASX. Of the 172.4M shares that Sunrise Energy Metals Ltd has on issue, 8.0M have been sold short.
Sunrise Energy Metals Limited is an Australian mineral exploration company based in Melbourne. The company explores for scandium, nickel, cobalt and alloy deposits. Founded in 1990, it was formerly known as Clean TeQ Holdings Limited before changing its name to Sunrise Energy Metals Limited in March 2021.
General information only. Thesis Tracker is a database of what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
12,813 comments from 172 managers on 780 companies, snapshot 13 Nov 2026.