{"id":330225,"date":"2024-11-05T15:01:09","date_gmt":"2024-11-05T07:01:09","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330225"},"modified":"2024-11-05T15:01:11","modified_gmt":"2024-11-05T07:01:11","slug":"trade-the-news-fgen-teams-up-with-bathroom-fixture-maker-hcg-for-solar-project","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-fgen-teams-up-with-bathroom-fixture-maker-hcg-for-solar-project\/","title":{"rendered":"Trade the News: FGEN teams up with bathroom fixture-maker HCG for solar project"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>First Gen Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>FGEN<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 30.80<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

First Gen Corp. (FGEN) has partnered with the Philippine unit of Taiwan-based bathroom equipment manufacturer HCG for a solar project in Cavite.<\/p>\n\n\n\n

First Gen recently signed a deal with Hocheng Philippines Corp., also known as HCG Philippines, to construct a 660-kilowatt (kW) solar power plant inside the latter\u2019s 10-hectare manufacturing facility in Dasmari\u00f1as, Cavite.<\/p>\n\n\n\n

With the strategic collaboration, HCG Philippines is expected to reduce its carbon footprint and save on electricity expenses.<\/p>\n\n\n\n

Eugene Lin, HCG Philippines senior vice president and officer-in-charge, said the partnership with First Gen demonstrates the company\u2019s sustainability commitment.<\/p>\n\n\n\n

\u201cOur goal is to pursue excellence in building healthy, highly efficient and cost-saving products. We build better designs to reduce our overall impact on the environment and support sustainable development,\u201d Lin said.<\/p>\n\n\n\n

This latest agreement is likewise aligned with HCG\u2019s decarbonization program, which includes a target to transition to clean, renewable sources.<\/p>\n\n\n\n

\u201cWe look forward to a growing partnership to lower HCG\u2019s carbon emissions by using clean energy to power operations and integrating energy efficiency solutions,\u201d First Gen assistant vice president for solar Mark Malabanan said.<\/p>\n\n\n\n

In 2020, First Gen secured a contract from HCG for the supply of 850 kW of clean energy from the Bacon-Manito geothermal power plant in the Bicol region owned by First Gen unit Energy Development Corp.<\/p>\n\n\n\n

The existing supply contract has been made possible through the retail competition and open access program, which allows power end-users to choose their own electricity suppliers.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330225","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330225"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330225\/revisions"}],"predecessor-version":[{"id":330227,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330225\/revisions\/330227"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}