On May 27, Goldwind Technology fell 3.01% in regular trading, trading at 13.87 HKD/share, with trading volume of approximately 201 million HKD. The decline reflects continued selling pressure as the green power sector extends its deep correction that began on May 14.
On the news front, market concerns over wind power profitability persist following the near-delisting of Taiwan-based offshore wind firm Senwei Energy due to massive project losses. Although Goldwind announced a share buyback plan of 300 million to 500 million yuan with a maximum repurchase price of 39.84 yuan per share — approved at the extraordinary general meeting on May 26 — the buyback failed to offset broader sector headwinds. JP Morgan previously reduced its holdings by approximately 353,000 shares on May 11, adding to institutional selling pressure.
Within the Heavy Electrical Equipment sector, stocks remain broadly under pressure. Shanghai Electric fell 6.13%, Guoxia Technology fell 5.91%, while Dongfang Electric declined 0.51%. The sector continues its high-level consolidation phase following prior capital crowding.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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