Reported 12 months ago
Danen (3686) has seen a significant surge in its stock price recently along with the rise in green energy stocks. In the past two trading days, the stock even hit the limit-up price, pushing the price to a historical high of NT$26.15, with a weekly increase of 29.8%. Despite the recent high gains, the buying momentum remains strong, with 2,058 buy orders at the limit-up on the 28th, higher than the day's trading volume of 1,896 shares. Danen is transitioning from long crystal production to solar energy system development and memory trading, driving its May revenue up to NT$6.37 million, with a monthly increase of 25.64% and an annual increase of 157.83%. Its cumulative revenue for the first five months also reached NT$3.321 billion, with a year-on-year growth rate of 244.22%, indicating a turnaround in the business.
Source: YAHOO