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Sunpower stocks heating up amid green investments

Broker's Calls

Sunpower stocks heating up amid green investments

Jude Chan Published on Mon, Dec 12, 2016 / 4:29 PM GMT+8

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SINGAPORE (Dec 12): SGX Mainboard-listed Sunpower Group is a cheaper environment concession play with shares trading significantly cheaper than overall industry peers, says CIMB in an unrated report on Friday.

The China-based environmental equipment specialist recently diversified into green investments of power plants by leveraging on its proprietary heat insulation and clean coal technology.

“The company is a potential beneficiary of Chinese policies on stricter air quality and replacement of inefficient coal-fired boilers,” says CIMB lead analyst Ngoh Yi Sin.

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