Shanghai Electric traded at 8.06 this Friday May 29th, decreasing 0.38 or 4.50 percent since the previous trading session. Looking back, over the last four weeks, Shanghai Electric lost 0.25 percent. Over the last 12 months, its price rose by 8.33 percent. Looking ahead, we forecast Shanghai Electric to be priced at 8.76 by the end of this quarter and at 8.23 in one year, according to Trading Economics global macro models projections and analysts expectations.
Shanghai Electric Group Company Limited is principally engaged in design, manufacture and distribution of electric power and industrial equipment. The Company's main business is new energy business, including the manufacture and sale of wind turbines and components and nuclear power equipment; efficient and clean energy business, including the manufacture and sale of thermal power equipment and power transmission and distribution equipment; industrial equipment, including the manufacture and sale of elevators and motors; modern service industry, including the contracting of construction projects of thermal power and transmission and distribution projects, as well as other businesses. The Company mainly operates its businesses in domestic and overseas markets.