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GCL New Energy Holdings ( (HK:0451) ) just unveiled an announcement.
GCL New Energy Holdings Limited has announced that its subsidiary, Wuhan Xiexin, has entered into two PC Agreements with Zhejiang Xinhong for photovoltaic projects in Jiangsu Province, China. These agreements involve the construction of a 7.137 MW distributed photovoltaic project in Yangzhou and a 17.97 MW rooftop photovoltaic project in Suzhou, with total contract prices of approximately RMB16.42 million and RMB7.12 million, respectively. These transactions, classified as connected transactions under the Listing Rules, highlight the company’s ongoing efforts to strengthen its position in the renewable energy market and its strategic collaboration with related entities.
The most recent analyst rating on (HK:0451) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on GCL New Energy Holdings stock, see the HK:0451 Stock Forecast page.
More about GCL New Energy Holdings
GCL New Energy Holdings Limited operates in the renewable energy industry, focusing primarily on photovoltaic power generation projects. The company is involved in the development, construction, and operation of solar energy facilities, aiming to expand its market presence in the clean energy sector.
Average Trading Volume: 14,229,594
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.2B
For an in-depth examination of 0451 stock, go to TipRanks’ Overview page.