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Turbine Makers Face ‘Tough’ Market as Goldwind Slumps

Investors’ interest in Chinese wind- energy companies may be slowing after Xinjiang Goldwind Science & Technology Co., China’s second-largest wind turbine maker, shelved a share sale in Hong Kong, analysts said.

Goldwind shares declined as much as 9.4 percent in Shenzhen before recovering to close 1 percent lower at 18.84 yuan. The stock slumped by the daily limit of 10 percent on June 18, the first trading day after the company canceled a plan to raise as much as HK$9.09 billion ($1.2 billion) in Hong Kong for domestic and foreign expansion, citing poor market conditions.