CGN New Energy Holdings Co., Ltd. (HK:1811) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
CGN New Energy Holdings Co., Ltd. reported a significant 30.9% increase in power generation for September 2024 compared to the same month in 2023, driven by substantial growth in wind and solar projects. Despite a decrease in cogen and gas-fired projects, the total accumulated power generation for the first nine months of 2024 also saw a slight rise of 1.4%. Factors contributing to these increases included favorable wind speeds, expanded solar project capacity, and higher electricity demand in Korea.
For further insights into HK:1811 stock, check out TipRanks’ Stock Analysis page.