Reported 9 months ago
FTNN news reported on June 26, 2024, that Taiwan's Richtek (2349) saw a significant surge in stock price, hitting a new high since January 10, 2022, with a strategic shift towards green energy. The company, which had been in the red for five consecutive quarters, turned its performance around due to successful ventures in green energy and energy storage. Its subsidiaries, Richtek (8104) and Yude (3050), contributed to this success as they expanded into the energy sector. Richtek's net profit in the first quarter of 2024 was 15.38 million NTD, with a 7.95% increase in consolidated revenue in the first 5 months of the year. With a positive outlook on its green energy and energy storage business, Richtek's stock price surged to a new high today, signaling continuous growth.
Source: YAHOO