0448 GMT - China Suntien Green Energy's earnings could stay weak through 2027 as tariffs for wind-generated electricity and soft plant utilization weigh on profitability, Citi analyst Air Ma says in a note. Citi cuts its 2026-2027 earnings estimates by 37%-38% after lowering assumptions for wind-power tariffs and generation. The bank expects cash flow to improve as capex spending declines from 2027 following completion of major gas projects. Citi cuts its target price to HK$4.20 from HK$5.10 but maintains its buy rating, citing inexpensive valuation. Shares last down 4.8% at HK$3.59. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
May 20, 2026 00:48 ET (04:48 GMT)
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