Renewable Tariff Cut Likely to Hurt China Longyuan Power in 2025 -- Market Talk

Dow Jones

01-14

0418 GMT - China Longyuan Power is likely to face challenges as the renewable-energy tariff may fall further in 2025, according to Citi analysts in a research note. The analysts expect a wider cut to the renewable tariff in 2025 than in 2024 on more market-based sales and spillover effects from tariff declines for the coal-fired market in Guangdong and Zhejiang provinces. For every additional percentage-point cut to on-grid wind and solar tariff, Citi projects the company's net profit to fall 2.6% from its base case. The analysts maintain a buy rating on the stock with a target price of HK$5.58. Shares are 2.0% higher at HK$5.70. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

January 13, 2025 23:18 ET (04:18 GMT)

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The analysts expect a wider cut to the renewable tariff in 2025 than in 2024 on more market-based sales and spillover effects from tariff declines for the coal-fired market in Guangdong and Zhejiang provinces. For every additional percentage-point cut to on-grid wind and solar tariff, Citi projects the company's net profit to fall 2.6% from its base case. The analysts maintain a buy rating on the stock with a target price of HK$5.58. Shares are 2.0% higher at HK$5.70. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2025 23:18 ET (04:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0254981946.USD","symbol_name":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503915775","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503915775","pubTimestamp":1736828280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0418 GMT - China Longyuan Power is likely to face challenges as the renewable-energy tariff may fall further in 2025, according to Citi analysts in a research note. The analysts expect a wider cut to the renewable tariff in 2025 than in 2024 on more market-based sales and spillover effects from tariff declines for the coal-fired market in Guangdong and Zhejiang provinces. For every additional percentage-point cut to on-grid wind and solar tariff, Citi projects the company's net profit to fall 2.6% from its base case. The analysts maintain a buy rating on the stock with a target price of HK$5.58. Shares are 2.0% higher at HK$5.70. 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The analysts expect a wider cut to the renewable tariff in 2025 than in 2024 on more market-based sales and spillover effects from tariff declines for the coal-fired market in Guangdong and Zhejiang provinces. For every additional percentage-point cut to on-grid wind and solar tariff, Citi projects the company's net profit to fall 2.6% from its base case. The analysts maintain a buy rating on the stock with a target price of HK$5.58. Shares are 2.0% higher at HK$5.70. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 13, 2025 23:18 ET (04:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":1}}}