Reported 12 months ago
Despite the Taiwan Stock Exchange falling below 23,000 points on July 2, 2024, stocks related to electrical machinery, electrical wires, cables, and green energy concepts remain strong due to positive news. The solar energy sector, in particular, performed well following Google's announcement to invest in solar power plants in Taiwan. Analysts believe that power concept stocks are supported by six main benefits, including grid replacement, and suggest a long-term investment approach. Various factors such as the need for electricity network replacement and the growth in demand for renewable energy, AI chips, and data centers are expected to drive the global power demand in the coming years, with a positive outlook for power concept stocks in the long run.
Source: YAHOO