Stock Track | Goldwind Soars 5.03% Intraday on Buyback Plan and Improving Wind Power Industry Fundamentals

Stock Track
05/07

Goldwind's stock price soared 5.03% during intraday trading on Thursday, marking a significant upward movement.

The surge appears to be driven by two key factors. First, the company recently announced an A-share buyback plan, proposing to use between RMB 300 million to RMB 500 million of its own funds to repurchase shares at a maximum price of RMB 39.84 per share, pending approval at an extraordinary general meeting later this month. Second, institutional analysis points to improving fundamentals in the wind power sector, with expectations for sequential improvement in production scheduling and shipments in the second quarter. This follows a first quarter where mainstream listed companies in the wind power industry saw revenue and net profit grow approximately 32% year-over-year, alongside a 6% year-over-year increase in average wind turbine bidding prices.

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