We held an investor conference call for Harbin Electric, where the company's management presented the recently announced privatization proposal.
The offer price is still nearly 9% higher than the closing price on January 25, 2019.
We recommend investors once again put the power equipment sector on their watch list. Stock price catalysts include 1) restarting domestic investment in nuclear power; 2) a new acceleration in wind power and photovoltaics investment.