CGN New Energy Posts Modest Output Growth on Rising Solar and Gas Generation
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CGN New Energy Holdings Co., Ltd. reported a 1.7% year-on-year decline in consolidated power generation for February 2026, totaling 1,452.8 GWh, primarily due to weaker output from wind and hydro projects. However, total generation for the first two months of 2026 increased by 3.2% to 3,100.6 GWh, driven by a 30% rise in solar output and growth in gas-fired generation. The stock currently holds a Hold rating with a price target of HK$2.50.
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