Reported about 1 year ago
Senvol Energy (6806) achieved a record monthly revenue of 1.403 billion NTD in May, marking a 152.08% year-on-year increase and driving up trading volume last week. With stock closing at 137.5 NTD on the 14th and surpassing all short-term moving averages, the company's fully-owned subsidiary, Fuwey Energy (100%), is progressing with Taiwan Power Company's offshore wind power project. The underwater foundation installation is expected to be completed by the end of this year, followed by wind turbine assembly and installation in the next year, with completion by the end of 2025. The peak period for major project revenues is predicted to be in 2024 and 2025, with around 65% of project revenues expected to be recognized over the next two years, leading to higher revenue and profits.
Source: YAHOO