Trump's rise to power disappoints ESG investors UBS Wealth Management believes concerns have been exaggerated

UBS Global Wealth Management said Donald Trump's return to the White House is unlikely to weaken environmental, social, and governance (ESG) investments. Strategists, including Amantia Muhedini, said in a customer report that although traditional ESG stocks such as solar and wind energy were suddenly sold off after Trump won the election on November 5, long-term demand for continued investment in fields from renewable infrastructure to electrification will remain strong. “Leaving politics and geopolitics aside, the economic prospects for renewable energy, electrification, and infrastructure remain attractive, and long-term demand is visible,” they

Global market broadcast11:43 ET

Central Bank International: Next year, Nuclear Power prefers CGN MINING. In the Sector, recommend CHINA RES POWER and EB ENVIRONMENT.

CMB International released a research report stating that it maintains a "Shareholding" rating for the CHINA POWER Sector; meanwhile, the China Solar Energy Sector is maintained at a "Neutral" rating. Within its research scope, it prefers upstream Uranium mining companies rather than Nuclear independent power plants, thus next year the first choice for Nuclear Power is CGN MINING (01164). For the power sector, it recommends CHINA RES POWER (00836) and EB ENVIRONMENT (00257). The bank pointed out that in 2025, it remains more Bullish on the CHINA POWER sector than the Solar Energy sector, despite the expectation that the effective supply in the solar value chain will continue to decrease under increasing inventory pressure. However, the growth in demand lacks visibility.

Sina Hong Kong StockDec 11 01:22 ET

goldensolar plans to sell 100% equity of its subsidiary in Shangyi County and assist in the construction of a 0.2 million kilowatt power station.

Goldensolar (01121) announced that the company and its wholly-owned subsidiary, Shanyang County Goldensolar Technology Co., Ltd. (target company), have entered into several agreements regarding the construction of a new high-efficiency 0.2 million kilowatt photovoltaic technology power station project in Shanyang County, Zhangjiakou City, Hebei Province. The group has been granted the rights to develop the project in accordance with applicable laws in China, and the target company has been established to undertake the project. The target company has signed an Engineering, Procurement and Construction (EPC) contract for the project, with a contract value of approximately 0.9 billion yuan. In addition, the company and the target company have reached an agreement to sell all of the company’s equity in the target company.

Sina Hong Kong StocksDec 9 20:13 ET

CECEP Solar Energy's Bond Issuance Meets Shenzhen Bourse Requirements

MT NewswiresDec 9 03:08 ET

cecep solar energy (000591.SZ) convertible bonds issuance application approved by Shenzhen Stock Exchange

Gelonghui reported on December 8 that cecep solar energy (000591.SZ) announced that on December 6, 2024, the Shenzhen Stock Exchange Listing Review Committee will hold its 24th meeting of 2024 to review the company's application to issue convertible bonds to unspecified objects. According to the review results of the meeting, the company's application for this issuance of convertible bonds meets the conditions for issuance, listing conditions, and information disclosure requirements.

Gelonghui FinanceDec 8 03:49 ET

Total is reportedly nearing a €2 billion acquisition of the wind power project developer VSB.

According to informed sources, Total is close to acquiring VSB Group from private equity firm Partners Group Holding AG, with the trade valuing the renewable project developer at approximately 2 billion euros (2.1 billion dollars). Informed sources said that the French energy company and Partners Group are in deep negotiations, with the announcement of the trade possibly occurring in the coming days. However, the final agreement may still be delayed. Due to the information being confidential, sources requested anonymity. TotalEnergies and Partners

Global Market ReportDec 3 04:39 ET