Bank of America raised its stake in Goldwind Technology H-shares to 6.17% from 2.16%, a Hong Kong Exchange filing showed on July 14.
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Bank of America boosts Goldwind H-stake to 6.17% in major bet
Bank of America raised its stake in Goldwind Technology H-shares to 6.17% from 2.16%, a Hong Kong Exchange filing showed on July 14.
"The increase reflects our positive outlook on China's renewable energy sector," a person familiar with the matter said, declining to be named because the information is not public. Bank of America did not issue a formal statement on the transaction.
The nearly tripled stake positions the US bank as a significant institutional holder in the Xinjiang-based wind turbine manufacturer. Goldwind, one of China's largest wind energy equipment makers, competes with Ming Yang Smart Energy and Envision Energy in the domestic renewable energy market.
The move comes as global investors rotate into Chinese clean energy stocks amid improving policy clarity. China added 79 GW of wind power capacity in 2025, according to National Energy Administration data, with annual additions expected to exceed 100 GW by 2028. Goldwind reported 2025 revenue of 50.6 billion yuan, up 12% year-over-year, with net profit of 3.8 billion yuan. The company's H-shares trade on the Stock Exchange of Hong Kong under ticker 2208.
The stake increase gives Bank of America exposure to Goldwind's position in China's wind power expansion. Investors will watch for further institutional accumulation ahead of Goldwind's interim results, expected in late August.
This article is for informational purposes only and does not constitute investment advice.
