GoodWe Shares Skyrocket 240.1% Upon landing on Shanghai Stock Exchange’s Sci-Tech Innovation Board

PVTIME – Just now, Huang Min, Chairman of Jiangsu GoodWe Power Technology Co., Ltd. rang the opening bell at the Shanghai Stock Exchange, signifying the inverter manufacturer’s first trading day on the SSE Science and Technology Innovation Board. GoodWe becomes the first photovoltaic inverter manufacturer and smart energy solutions provider to list on the Sci-Tech Innovation Board. GoodWe (stock code: 688390) issued 22 million shares at 37.93 yuan per share during its IPO. At the time of this news release, it has since risen 240.1% to 129 yuan per share, exceeding a market capitalization of 11.352 billion yuan.

Huang Min, Chairman of Jiangsu GoodWe Power Technology Co., Ltd.

Founded in 2010, GoodWe has long focused on the R&D, production, and sales of new energy power equipment such as solar inverters and energy storage solutions, and is committed to providing integrated solutions for the residential, industrial and commercial, and utility scale segments. With an average monthly sales volume of 30,000 pieces in 2019 and 12 GW installed in more than 100 countries, GoodWe solar inverters have been largely used in residential rooftops, commercial systems and energy storage systems. As a World Top 10 solar inverter manufacturer ranked by Bloomberg, HIS, and Wood Mackenzie, GoodWe benchmarks its success on the success achieved by its customers by identifying and integrating the most advanced components and techniques available while offering an unparalleled after-sales service.

GoodWe has set up an integrated service system for pre-sale, in-sale and after-sale and has established service centers worldwide. The company has developed a concept of workshops which aim to offer global support to all customers including project consulting, technical training, onsite support and after-sales service.

As a stable, bankable company, GoodWe has built its corporate reputation by achieving sustainable growth in every market it operates in. A prudent, step-by-step approach of strategic growth and consolidation offers longevity, profitable growth and increased market share; a business model also adopted by some of the world’s leading renewable companies.