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China Hydroelectric (CHC) |
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
China Hydroelectric (CHC) (NYSE:CHC) is an operator and builder of hydropower plants in China. Its sales are from the sale of electricity form the hydroelectric power plants. It currently owns and operates eleven hydropower plants. In China, the largest source of renewable energy is hydropower. In China, the total capacity for hydropower is 401,795 MW; currently, there is 130,980 MW of installed hydropower, which is about 24.2% of the total capacity. [1]
The company's initial public offering of stock was filed on 8 December 2009 and began trading on an exhange on 24 January 2010. With a proposed offer price from $15.00 to $17.00, the actual offer price fell to $14.80. The company offered 6.0 million shares. [1]
For the nine months ended 30 September 2009, China Hydroelectric reported $18.93 million in total revenue, an increase of 181% from $6.7 million for the nine months ended 30 September 2008. The company had .8 million in net income, up from a net loss of 3.7 million for nine months ended 30 September 2008. The loss can be attributed to exchange rate loss and change in fair value of derivative financial liabilities. [1]
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