Titan Wind Energy (Suzhou) Co. gained in Shenzhen trading by the most since its listing after winning a $63.6 million order to provide GE Generators (Pensacola) LLC with towers for wind turbines.
The stock surged by the 10 percent daily limit to 18.26 yuan as of 10:29 a.m. in Shenzhen, headed for the biggest one-day increase since its shares began trading in December. China’s benchmark Shanghai Composite Index gained 1.7 percent.
Titan will deliver the towers to the unit of General Electric Co. from January to July of next year, the Chinese company said today in a filing to Shenzhen’s stock exchange.
— With assistance by John Liu