Movement Alert|Goldwind Science and Technology Rises 3.43% in Regular Trading, Share Buyback Execution and New Project Win Support Rebound

Market Focus06-01

On June 1, Goldwind Science and Technology rose 3.43% in regular trading, trading at HK$13.97 per share, with trading volume of HK$58.59 million. The stock rebounded after consecutive sessions of decline since mid-May, during which it had fallen over 10%.

On the news front, the company has been actively executing its previously announced share buyback program of RMB 300-500 million. On May 29, the company repurchased 1.5 million H shares for approximately HK$20.62 million and 5.67 million A shares for approximately RMB 133.4 million. Additionally, Goldwind was named the first-ranked candidate for CGN's Yunnan Wenshan 240MW onshore wind project at a bid price of approximately RMB 504.7 million.

Fundamentally, institutional research disclosed that Q1 wind turbine sales surged 133.45% year-over-year to 6,040.89MW, with external backlog reaching 41,192.82MW. The company also achieved the top position in domestic offshore wind installations in the prior year with 37.9% market share. Within the Heavy Electrical Equipment sector, Dongfang Electric rose 2.3%, Shanghai Electric rose 1.92%, and Guoxia Tech gained 1.84%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment