Shares of Goldwind Science & Technology, a leading Chinese wind turbine manufacturer, surged 5.64% on Monday, propelled by the company's strong third-quarter financial performance and a positive analyst outlook.
During the third quarter, Goldwind showcased its cost-control prowess, reporting a significant year-over-year reduction in selling and administrative expenses. Additionally, the company's average selling prices for its wind turbine generators rebounded by an impressive 3.7%, attributed to its strategic decision to avoid low-priced tenders.
Daiwa Capital Markets, a prominent brokerage firm, took note of Goldwind's stellar results and upgraded the stock's rating to "outperform" from "hold." Furthermore, the firm raised its target price for the stock to HK$7.80, citing the company's "excellent" cost-control ability and the potential for continued growth.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。