Green Energy Stock in Spotlight with Nearly 50% Surge and Facing Trading Restrictions

Reported 12 months ago

On July 2, 2024, the Taiwan Stock Exchange announced 21 stocks under scrutiny, including solar energy company Daren (3686) which surged nearly 50% in six consecutive trading days and is now subject to trading restrictions due to its association with Clouded Leopard Energy. The surge in share price is attributed to optimism in the solar energy sector as NVIDIA plans to set up a supercomputing and R&D center in Taiwan. Several other stocks including Clouded Leopard Energy are also being closely monitored by the exchange. Investors are advised to evaluate risks independently.

Source: YAHOO

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