China wind power firm soars in stock market debut

With the stock market in chaos, conscious energy solutions such as wind energy proves it can go the distance. The verdict is out the smart money is on renewable energy.

"SHANGHAI, Dec 26 (Reuters) - A spectacular stock market listing by China's biggest maker of wind power generating equipment on Wednesday suggested global warming was finally making itself felt among Chinese investors.

Shares in Xinjiang Goldwind Science & Technology Co 002202.SZ soared 264 percent from their initial public offer price to close at 131.00 yuan in their first day of trade on the Shenzhen Stock Exchange, far exceeding analysts' forecasts of a range of 90-100 yuan.

Smaller Chinese stocks routinely double in their debuts, and demand for Goldwind may have been boosted by a recent pull-back in the overall share market, which has made Chinese investors see IPOs as the safest path to quick profits." Read More.....
wind power firm soars