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Concord New Energy Group Limited is currently in a long term uptrend where the price is trading 8.7% above its 200 day moving average.
From a valuation standpoint, the stock is 36.8% cheaper than other stocks from the Utilities sector with a price to sales ratio of 2.3.
Concord New Energy Group Limited's total revenue rose by 14.7% to $1B since the same quarter in the previous year.
Its net income has increased by 43.4% to $294M since the same quarter in the previous year.
Finally, its free cash flow grew by 114.8% to $152M since the same quarter in the previous year.
Based on the above factors, Concord New Energy Group Limited gets an overall score of 5/5.
| Exchange | HK |
|---|---|
| CurrencyCode | HKD |
| ISIN | BMG2345T1099 |
| Sector | Utilities |
| Industry | Utilities - Renewable |
| Target Price | 0.79 |
|---|---|
| Beta | 0.22 |
| Market Cap | 4B |
| Dividend Yield | 7.7% |
| PE Ratio | 4.14 |
Concord New Energy Group Limited, an investment holding company, engages in the generation of power in the People's Republic of China and internationally. The company operates through Power Generation, Intelligent Operation and Maintenance, and Others segments. The Power generation segment offers operation of wind and solar power plants through subsidiaries, investing in power plants through joint ventures, and associates. The Intelligent operation and maintenance segment provides operation and maintenance, asset management, overhaul and commissioning service for wind, and solar power plants. The Others segment offers design, technical and consultancy services, undertaking electrical engineering and construction of power plant projects, and stock finance lease services. It is involved in the investment, development, procurement, and operational management in wind power, photovoltaics (PV), energy storage systems, and other renewable energy initiatives; and provision of design, technical, and consultancy services comprising electrical engineering and construction of power plant projects. The company also engages in the sale of solar power and new energy equipment; and provides finance lease services. The company was formerly known as China Windpower Group Limited and changed its name to Concord New Energy Group Limited in March 2015. The company was founded in 2006 and is based in Admiralty, Hong Kong.
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