SHE:300274

Jefferies Adjusts Sungrow Power Supply's Price Target to 236.35 Yuan From 181.29 Yuan, Keeps at Buy

Sungrow Power Supply (SHE:300274) has an average rating of overweight and mean price target of 184.87 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Nomura Downgrades Sungrow Power Supply to Neutral from Buy, Adjusts Price Target to 120 Yuan from 230 Yuan

Sungrow Power Supply Q1 Profit Down 40%; Shares Fall 3%

Sungrow Power Supply (SHE:300274) posted first-quarter attributable net profit of 2.29 billion yuan, down 40% from 3.83 billion yuan the previous year.Earnings per share fell to 1.11 yuan from 1.85 yuan, according to a Tuesday filing with the Shenzhen bourse.Revenue declined 18% year over year to 15.6 billion yuan from 19.0 billion yuan.Shares of the solar photovoltaic inverter manufacturer slid 3% in recent trade.