China Longyuan Power's 2026 Growth Likely Aided by Increased Capacity -- Market Talk

Dow Jones
04/07

0147 GMT - China Longyuan Power Group's 2026 growth is likely aided by increased wind-power-led capacity, UOB Kay Hian analysts say in a research report. Management has guided for roughly 4,500 megawatts of new capacity additions in 2026, with wind energy accounting for around 94% and solar energy about 6%, reflecting the company's ongoing focus on higher-quality wind resources, the analysts say. Also, management expects contracted and policy-based electricity volumes to account for around 70% of total power sales, helping stabilize earnings amid ongoing power market liberalization. The brokerage slightly raises the stock's target price to HK$7.10 from HK$7.00, with an unchanged hold rating. Shares last closed at HK$7.04. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

April 06, 2026 21:47 ET (01:47 GMT)

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