Stock Track | Goldwind Soars 5.02% Intraday on Strong Q1 Results and Record Overseas Orders

Stock Track05-13

Goldwind's stock surged 5.02% during intraday trading on Wednesday, driven by positive market sentiment following the company's robust first-quarter performance and a significant increase in its order backlog.

The company reported that its total external orders on hand reached 50.7GW as of the end of Q1, with overseas orders hitting a record high of 9.57GW, providing strong visibility for future revenue. Analysts noted that industry profits are expected to further concentrate along the themes of offshore wind and international expansion in the second half of the year, with Goldwind benefiting from its leading market share in offshore wind and overseas order advantage.

Despite earlier concerns related to an EU investigation into its market activities, the company stated that all EU business operations remain normal and orderly, contributing to renewed investor confidence.

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