Reported about 1 year ago
Concept stocks related to green energy such as Motech, Tainergy, GES, and E-Ton had a big rally this week. Due to a record high peak electricity usage of 41.18 million kilowatts detected by Taiwan Power Company on July 5th, the demand for electricity has surged, prompting tech giants like Nvidia, Google, and AMD to establish factories in Taiwan. This has led to a surge in stocks of Luen Ming Green Energy, Dnpro Tech, and other related companies in the energy sector. Solar energy generation has become popular as a simple and fast method to meet the increased demand for electricity, driving the growth of various companies involved in green energy trading and electric power infrastructure.
Source: YAHOO