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Concord New Energy Group ( (HK:0182) ) has shared an announcement.
Concord New Energy Group Limited has announced a major transaction involving a wholly-owned subsidiary and a contractor, NoBull Energy, for the development of a solar power project in the USA. The project, valued at approximately US$113.53 million, will include the construction of a 147MW AC solar-powered electric generating facility and a 361MWh battery energy storage system. This agreement is classified as a major transaction under the Listing Rules, necessitating shareholder approval. The project is expected to be completed by the end of July 2027, potentially enhancing the company’s position in the renewable energy market.
The most recent analyst rating on (HK:0182) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Concord New Energy Group stock, see the HK:0182 Stock Forecast page.
More about Concord New Energy Group
Concord New Energy Group Limited is a company incorporated in Bermuda, primarily engaged in the renewable energy sector. The company focuses on the development and operation of clean energy projects, including solar and wind power generation, with a significant market presence in the energy industry.
Average Trading Volume: 13,961,919
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.14B
See more insights into 0182 stock on TipRanks’ Stock Analysis page.