HK Stock Market Move | CONCORD NE(00182) increased by more than 6%. It entered into a power equipment and photovoltaic-related procurement and construction agreement with The Ryan Company.

CONCORD NE (00182) rose more than 6%, as of press time, up 6.06% to HKD 0.35, with a turnover of HKD 5.6595 million. In terms of news, CONCORD NE announced that after the trading session on January 14, 2026, the owner (a wholly-owned subsidiary of the company) and contractor The Ryan Company entered into a procurement and construction agreement, whereby the owner will engage the contractor to undertake the project at a contract price of approximately USD 156 million. The project is a power generation facility located in the United States, including approximately 172 MW of AC-side CECEP Solar Energy generation capacity and a related battery energy storage system with a capacity of around 432 MWh. The owner will directly procure several equipment needed for the project, including main power transformers, high-voltage circuit breakers, battery energy storage systems, PV inverters, and CECEP Solar Energy components.