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The Comprehensive Department of the National Energy Administration (NEA) issued a notice on matters related to further regulating trading practices in the electricity market of mainland China. It proposed that all business entities should further regulate market pricing behavior, comprehensively consider objective factors, such ...
Recommend
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Positive
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The 12th meeting of the Standing Committee of the 14th National People's Congress voted to pass the Energy Law of the People's Republic of China. The main content includes general provisions, energy planning, energy development and utilization, energy market systems, energy reserves and emergencies, energy technology inn...
Recommend
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GOLDWIND (02208.HK)'s 3Q24 net profit beat forecast, with 3Q24 revenue, supported by WTG sales and ASP, rising 51.5% YoY to RMB15.6 billion, Daiwa released a research report saying. Gross profit fell 4.1 ppts YoY to 14.1%, but remained flat QoQ.Daiwa upgraded the Company from Hold to Outperform, and lifted its target price f...
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Citi Research issued a research report reiterating rating at Buy on GOLDWIND (02208.HK), and keeping it as its top pick in the industry after the announcement of 3Q24 results of China's wind power sector. The broker elevated its target price from $5.35 to $9. Citi Research expected wind turbine generators (WTG) sales to grow...
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Positive
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CHINA LONGYUAN (00916.HK) announced the acquisition of eight renewable energy companies from its parent company, involving an installed capacity of 2.0329 million kilowatts, according to a Citi research report. As the combined capacity increased by 4.9%, the acquisition price seems relatively cheap. Since some of the companies a...
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