On June 22, Sigen Energy rose 3.76% in regular trading, trading at HK$358.0/share, with turnover of HK$14.15 million.

On the news front, the stock had previously declined from its June 15 high of HK$390.4 to approximately HK$344.2 over four consecutive trading sessions, pressured by the additional 2.036 million H shares issued through the full exercise of over-allotment options at HK$324.20/share. With the stabilization period having ended on May 13 and underwriters no longer providing price support, the selling pressure from new circulating shares has now largely been absorbed, triggering a technical rebound.

On the fundamental side, the company recently completed grid connection of a 24MWp photovoltaic power station cluster project in Savannakhet Province, Laos, in partnership with Southeast Asian partner EverSolar Energy. The project validates the company's large-scale ground-mount solar strategy and order execution capability. Within the Electrical Components and Equipment sector, TIME INTERCON rose 9.19% while JLMAG gained 1.13%, providing positive sector momentum.

(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.)