Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Sinovel at 4-Month High After Green Target Set: Shanghai Mover

Sinovel Wind Group Co., the world’s biggest wind-turbine maker by market value, rose to its highest in four months after China announced it will boost renewable-energy capacity this year.

The stock jumped 10 percent, its maximum daily limit, to 6.5 yuan, the highest since Sept. 13, as of 12:07 p.m. in Shanghai trading. The benchmark Shanghai Composite Index fell 0.5 percent.

The Beijing-based turbine maker’s stock has increased by its daily limit for the second consecutive day after China’s National Energy Administration announced Jan. 8 the country will add 49 gigawatts of renewable energy capacity this year, including 18 gigawatts of wind power. Total installed capacity for clean energy was 39 gigawatts in 2012, according to Bloomberg New Energy Finance.

“China’s goal may indicate a 30 percent growth in turbine shipments,” Jerry Weng, a Shanghai-based analyst at KGI Securities Co., said by phone today. Sinovel and Xinjiang Goldwind Science & Technology Co., China’s biggest producer of turbines, “may have a chance to negotiate prices as policy support stimulates demand.”

Goldwind rose 3.4 percent to 6.12 yuan.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.