China Energy Engineering Corp Secures $2.745 Billion in Saudi EPC Contracts

China Energy Engineering Corp. Ltd. Class H ( (HK:3996) ) has issued an announcement.

China Energy Engineering Corporation Limited announced that its subsidiaries have entered into three significant EPC contracts for new energy projects in Saudi Arabia, totaling approximately USD 2.745 billion. These projects, part of Saudi Arabia’s PIF initiatives, include wind and photovoltaic power projects, reflecting the company’s strategic focus on expanding its renewable energy portfolio and strengthening its position in the international energy market.

The most recent analyst rating on (HK:3996) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Energy Engineering Corp. Ltd. Class H stock, see the HK:3996 Stock Forecast page.

More about China Energy Engineering Corp. Ltd. Class H

China Energy Engineering Corporation Limited is a joint stock company incorporated in the People’s Republic of China, operating in the energy engineering sector. The company focuses on providing engineering, procurement, and construction (EPC) services, particularly in the fields of thermal power, electric power engineering, and renewable energy projects.

Average Trading Volume: 191,679,790

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$70.43B

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