Reported about 1 year ago
On June 8, 2024, at 4:10 pm, Daya (stock symbol 1609) experienced a surge in its stock price following a statement by Economic Minister Guo Zhihui emphasizing the unexpectedly high demand for AI in the power sector, leading to a preference for solar photovoltaics. This news resonated with investors, with significant buying of 1,568 shares by institutional investors in the solar PV sector. Additionally, with Taiwan Power Company releasing new resilient grid plans and Daya's cable business holding orders worth 7.5 billion NT dollars, Daya's growth in solar energy projects and energy storage systems, including a large-scale photovoltaic project in Yunlin with plans to exceed 500MW by 2026, further contributed to its stock price rising by 3.1 NT dollars to close at 52.2 NT dollars. This positive outlook is supported by the significant investment in solar energy and energy storage by Daya in recent years, showing promising development in the renewable energy sector. More insights on currency trends, engine industry profits, and steel market movements are also provided in this report by Business Times.
Source: YAHOO