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Sunpower Group Ltd. ( (SG:5GD) ) has shared an announcement.
Sunpower Group Ltd.’s subsidiary, Jiangsu Sunpower Clean Energy Co., Ltd., has entered into a strategic collaboration with Jining Energy Development Group, a key state-owned enterprise in Shandong Province, China. This partnership aims to support China’s ‘Dual Carbon’ goals by promoting clean, efficient, and integrated energy solutions, leveraging both parties’ strengths in renewable energy and advanced manufacturing. The collaboration is expected to drive the green transformation of the regional energy structure and enhance Sunpower’s growth strategy and leadership in the sector, although it will not materially impact the company’s financials for the year ending December 2025.
More about Sunpower Group Ltd.
Sunpower Group Ltd. operates in the clean utilities and industrial services sector, focusing on building circular economy energy hubs, AI-empowered energy efficiency technologies, industrial steam supply, combined heat and power (CHP), and environmental engineering.
Average Trading Volume: 367,313
Technical Sentiment Signal: Sell
Current Market Cap: S$187M
See more insights into 5GD stock on TipRanks’ Stock Analysis page.