New Era Energy Surges 4.57% as China Power Construction Launches New Clean Energy Venture

On March 10th, New Era Energy (NEE) witnessed a significant increase of 4.57%, marking the second consecutive day of gains, with a two-day cumulative rise of 8.78%. During the trading session, the stock reached a peak price, which was the highest since December 2024.

In a recent development, China Power Construction has announced the establishment of New Era Clean Energy Co., Ltd. in Yuanmou County, Chuxiong Prefecture, on March 6th. The newly formed company's registered capital amounts to 1 million yuan, with Wang Hengdong acting as the legal representative.

The business scope of this company is extensive, encompassing power generation, transmission, and supply. Additionally, it involves the sales of charging stations and provides solar power technology services. It is understood that this new entity is indirectly wholly owned by China Power Construction, indicating a strategic move towards further expansion in the renewable energy sector.

The establishment of New Era Clean Energy Co., Ltd. symbolizes China Power Construction's continued commitment to advancing the clean energy agenda. It also reflects their initiative to explore emerging markets, such as charging station sales, which align with broader industry trends towards sustainable and innovative business practices.