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An announcement from CGN New Energy Holdings Co., Ltd. ( (HK:1811) ) is now available.
CGN New Energy Holdings Co., Ltd. reported a 7.5% decrease in overall power generation for January 2025 compared to the same month in 2024. The decline was primarily driven by a significant 34% drop in power generation from its Korean projects, alongside decreases in Chinese cogeneration, gas-fired, and hydro projects. However, the company saw an increase in power output from wind and solar projects in China, with gains of 9.4% and 18.2% respectively, attributed to better wind conditions and increased solar capacity. These shifts highlight the company’s continued efforts to enhance its renewable energy portfolio despite challenges in other sectors.
More about CGN New Energy Holdings Co., Ltd.
CGN New Energy Holdings Co., Ltd. is a company primarily involved in the renewable energy industry, focusing on the generation of power through wind, solar, cogeneration, gas-fired, hydro, and other projects. The company operates in the People’s Republic of China and Korea, contributing to sustainable energy production.
YTD Price Performance: -7.11%
Average Trading Volume: 5,263,474
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$9.78B
Find detailed analytics on 1811 stock on TipRanks’ Stock Analysis page.
