1. Homepage
  2. Equities
  3. China
  4. Shenzhen Stock Exchange
  5. Sungrow Power Supply Co., Ltd.
  6. News
  7. Summary
    300274   CNE1000018M7

SUNGROW POWER SUPPLY CO., LTD.

(300274)
  Report
End-of-day quote Shenzhen Stock Exchange  -  2022-06-23
95.41 CNY   +3.31%
06/24Sungrow Ranks No. 1 in 2021 Global PV Inverter Shipment, Estimated by IHS Markit now a part of S&P Global
AQ
06/21Sungrow Power Supply Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2011, Payable on June 28, 2022
CI
06/16Sungrow Expands Contribution to Low-Carbon Future in Spain with Latest Product Portfolio Introduced At Genera 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Sungrow Power Supply Co., Ltd. to Supply 79MW PV plus 176MWh BESS for Ginan Solar Project I in Australia

05/20/2022 | 02:29am EDT

Recently, Sungrow Power Supply Co., Ltd. signed a 79MW PV Inverter and 176MWh BESS contract with LAVO, an Australian technology and lifestyle company, for the stage one of The Ginan Solar Project. Sungrow will provide its latest Liquid-Cooled ESS to build the DC Coupled Energy Storage System. This project is expected to be completed by the end of 2022. Upon completion, these solar farm owners will not only be self-sufficient in clean electricity but earn higher ROI through peak valley arbitrage. Recently, the complex international landscape has strained the supply of traditional energy sources, thus, lifting Australia's electricity bills. Besides, being driven by a mature electricity trading system, Australian users also want to install energy storage systems to gain more profits from the peak-valley price difference. The Ginan Solar Project is such an initiative to provide PV plus BESS solution for the 16 solar farms in Victoria, Australia. Specifically, Sungrow 's DC-Coupled Storage Solution with the PowerTitan (Liquid-Cooled ESS) as the core device, requires only one inverter to complete the project, reduces the efficiency losses and thus significantly lowers the CAPEX for customers. This solution also enables customers to store surplus electricity into the battery and use it when the electricity price is higher or trade it for more returns. As a result, they can maximize their profits through the peak load shaving mechanism. Worth mentioning, Sungrow's Liquid-Cooled ESS also makes these solar projects safer and more stable, with its intelligent liquid-cooled control, AI monitoring for battery cells and advanced energy balancing management.


© S&P Capital IQ 2022
All news about SUNGROW POWER SUPPLY CO., LTD.
06/24Sungrow Ranks No. 1 in 2021 Global PV Inverter Shipment, Estimated by IHS Markit now a ..
AQ
06/21Sungrow Power Supply Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2..
CI
06/16Sungrow Expands Contribution to Low-Carbon Future in Spain with Latest Product Portfoli..
CI
05/20Sungrow Power Supply Co., Ltd. to Supply 79MW PV plus 176MWh BESS for Ginan Solar Proje..
CI
05/19Sungrow Power Supply Co., Ltd. Announces Final Dividend for 2021
CI
05/18Sungrow Signs a 600 MW Distribution Agreement with PVO International
CI
05/13Sungrow Power Supply Co., Ltd. Releases Top-Notch Solutions for Commercial and Resident..
CI
05/13Sungrow Power Supply Co., Ltd. announces an Equity Buyback for CNY 1,000 million worth ..
CI
05/13Sungrow Power Supply Co., Ltd. authorizes a Buyback Plan.
CI
05/11INTERSOLAR EUROPE 2022 : Sungrow Presents Long Term Innovations to Build a Sustainable Ene..
AQ
More news
Financials
Sales 2022 37 730 M 5 640 M 5 640 M
Net income 2022 2 933 M 438 M 438 M
Net cash 2022 6 682 M 999 M 999 M
P/E ratio 2022 47,0x
Yield 2022 0,22%
Capitalization 142 B 21 184 M 21 184 M
EV / Sales 2022 3,58x
EV / Sales 2023 2,68x
Nbr of Employees 6 726
Free-Float 18,8%
Chart SUNGROW POWER SUPPLY CO., LTD.
Duration : Period :
Sungrow Power Supply Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SUNGROW POWER SUPPLY CO., LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 95,41 CNY
Average target price 121,39 CNY
Spread / Average Target 27,2%
EPS Revisions
Managers and Directors
Ren Xian Cao Chairman, President & General Manager
Guo Jun Li Chief Financial & Accounting Officer
Gao Zhou Tao Chairman-Supervisory Board
Bao Shan Li Independent Director
Ming Fa Li Independent Director