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Concord New Energy Group ( (HK:0182) ) just unveiled an update.
Concord New Energy Group has entered into a major engineering, procurement and construction contract valued at approximately US$156.01 million for a 172MW AC solar power plant with a 432MWh battery energy storage system in the United States. The turnkey, fixed-price agreement, signed on 14 January 2026 between its wholly owned subsidiary Concho Pearl Solar and The Ryan Company, covers procurement, installation, construction, testing, interconnection and commissioning, with completion targeted by the end of October 2027. The deal qualifies as a major transaction under Hong Kong listing rules, triggering notification, publication and shareholder approval requirements, and the company plans to convene a special general meeting and issue a circular by late February 2026, underscoring the project’s strategic and financial significance within its expanding international renewable portfolio.
The most recent analyst rating on (HK:0182) stock is a Hold 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 renewable energy company listed in Hong Kong and Singapore that focuses on developing, investing in and operating clean energy generation projects, particularly in solar and related power infrastructure. The group participates across the project lifecycle, including procurement, construction and commissioning of utility-scale facilities in key international markets.
Average Trading Volume: 18,146,552
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.56B
Find detailed analytics on 0182 stock on TipRanks’ Stock Analysis page.