Understanding the Market | CGN POWER rose over 4% as reports state that Trump signed an executive order to promote nuclear power development. The company’s 4 new nuclear units were previously approved
CGN Power rose over 4%, as of the time of writing, up 4.11%, reported at HKD 2.61, with a trading volume of HKD 82.1839 million. On the news front, the U.S. nuclear energy sector surged collectively after hours. According to reports, Trump will sign an executive order on Friday (23rd) to promote the development of nuclear energy. CITIC Securities released a research report today stating that in recent years, the development of controllable nuclear fusion overseas has accelerated, with commercialization projects represented by U.S. companies expected to be put into commercial use before 2030, forcing the domestic industry to accelerate its progress. On April 27th of this year, the State Council's executive meeting decided to approve 5 nuclear power projects, totaling 10 new units. CGN Power announced that its subsidiary has received approval for the Taishan Units 3 and 4 and Fangchenggang Units 5 and 6. Guozheng International believes that this approval reflects China's support and confidence in the development of nuclear power, and it is expected that the country will continue to invest in the nuclear power industry, with the importance of nuclear power in China's energy structure gradually increasing, optimistic about the future growth prospects of the industry
According to Zhitong Finance APP, CGN Power (01816) rose over 4%, with a current increase of 4.11%, priced at HKD 2.61, and a transaction volume of HKD 82.1839 million.
In terms of news, the U.S. nuclear energy sector surged collectively after hours. Reports indicate that Trump will sign an executive order on Friday (23rd) to promote the development of nuclear energy. CITIC Securities released a research report today stating that in recent years, the development of controllable nuclear fusion overseas has accelerated, and commercial fusion projects represented by U.S. companies are expected to be put into commercial use before 2030, forcing the domestic industry to accelerate its progress.
On April 27th of this year, the State Council's executive meeting decided to approve five nuclear power projects, totaling 10 new units. CGN Power announced that its subsidiary has received approval for the Taishan Units 3 and 4 and Fangchenggang Units 5 and 6. Guozheng International believes that this approval reflects China's support and confidence in the development of nuclear power, and it is expected that the country will continue to invest in the nuclear power industry, with the importance of nuclear power in China's energy structure gradually increasing, showing optimism for the future growth prospects of the industry
