Sungrow Power Supply (SZSE: 300274) latest news highlights include the company’s recent performance and analyst evaluations, reflecting its standing in the energy sector.
As of April 30, 2025, the stock price of Sungrow Power Supply closed at 60.60, down 0.70 or 1.14%. The company’s market capitalization stands at 125.637 billion Yuan, with a price-to-earnings ratio (P/E) of 61.73. The stock experienced a trading range between a high of 60.51 and a low of 23.19.
Recent reports indicate that Sungrow Power Supply’s earnings per share (EPS) exceeded expectations by 270%. Analysts are discussing potential future developments following the release of strong quarterly figures, which included revenue of 19 billion Yuan. Simply Wall St reported this on April 28, 2025.
Nomura downgraded Sungrow Power Supply’s rating from ‘Buy’ to ‘Neutral’ and adjusted its target price from 100 Yuan to 58 Yuan. Conversely, Jefferies maintained a buy rating while lowering its target price from 101.44 Yuan to 83.69 Yuan.
On April 27, 2025, Sungrow announced that it received the 2025 iF Design Award for its fully improved 1+X 2.0 modular inverter, recognizing its innovation in solar energy solutions.
As per an evaluation using a two-stage free cash flow model, the fair value estimate for Sungrow Power Supply is 57.42 Yuan, indicating a slight premium over the current stock price of 58.82 Yuan.
Analysis of the company’s recent financial performance reveals a significant drop in growth rates. For 2022 and 2023, revenue growth was 66.79% and 79.47% respectively, but is projected to slow to just 7.76% in 2024. The overseas market growth rate is expected to be limited to an increase of 8.76% year-on-year.
Sungrow Power Supply reported a 16.92% increase in net profit attributable to the parent company, reaching 11.036 billion Yuan for 2024. Research and development expenses also rose by 29.26%.
The company plans to conduct a share buyback of between 300 million Yuan and 600 million Yuan to support employee stock plans and ensure future growth opportunities.
Sungrow has expressed confidence that the impact of additional tariffs imposed by the U.S. will be manageable, accounting for approximately 15% of its total revenue during the first three quarters of 2024.
Lastly, Sungrow’s recent initiatives in Spain highlight its commitment to a sustainable energy future, showcasing technology and collaboration among industry leaders.
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