China Longyuan Power Group (HK:0916) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Longyuan Power Group reported a 6.37% decline in revenue for the first nine months of 2024, with significant drops in wind and coal power segments, while photovoltaic segment revenue soared by 65.51%. Despite these fluctuations, the company’s overall power generation increased by 2.42%, driven by a substantial rise in photovoltaic power output. The group’s installed capacity also grew, notably in the photovoltaic sector, underscoring its strategic shift towards renewable energy sources.
For further insights into HK:0916 stock, check out TipRanks’ Stock Analysis page.