Reported 8 months ago
Taiwanese electric power stocks, including Hwa Cheng, are surging following Taiwan Power Company's announcement of a resilient power grid plan amidst concerns of power shortages. Companies like Hwa Cheng, Shih Dian, and Chung Hsing Electric have seen increases in their stock prices. Hwa Cheng, for instance, has seen a weekly rise of nearly 3% and has received inquiries about setting up local facilities in the United States. These developments are attributed to orders from Taiwan Power Company, private enterprises, and an increase in transformer exports to the United States, highlighting the industry's current focus on upgrading the power grid and developing alternative energy sources like solar power.
Source: YAHOO