1. Taiwan Stocks

  2. •

    Utilities

  3. •

    Alternative power generation
HD Renewable Energy Co., Ltd.

HD Renewable Energy Co., Ltd.

TTWSE:6873
57.40
TWD
-6.30
(-9.89%)
0.77EPS
87.66P/E
11.50BMarket Cap
Nov 16Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.34
46.22
38.8
41.78
54.41
52.42
82.12
62.59
59.72
Basic EPS, GAAP
0.99
6.01
3.23
2.58
6.99
7.32
9.72
3.59
0.94
Free Cash Flow per Basic Share
- -
-2.48
4.62
-4.33
7.13
-30.11
-6.79
-45.98
-34.1
Dividend per Share
0.23
0.95
- -
1.56
1.83
3.59
3.31
4.59
- -
Book Value per Share
1.62
6.35
8.66
19.79
33.71
47.24
66.86
73.42
70.39
Tangible Book Value per Share
1.62
6.34
8.23
19.37
33.48
46.5
66.11
72.51
69.52
Basic Weighted Avg Shares
83
25
59
64
93
111
123
140
142
Sales/Revenue/Turnover
526
1,156
2,298
2,680
5,060
5,839
10,125
8,780
8,502
Operating Margin (%)
19.27
16.14
11.55
9.82
20.56
17.96
17.6
13.42
14.37
Depreciation Expense
- -
7
14
26
39
78
121
218
416
Net Income, GAAP
82
150
191
165
650
815
1,199
504
134
Effective Tax Rate (%)
20.01
21.23
21.78
23.89
20.23
18.38
22.41
29.32
66.12
Profit Margin (%)
15.56
12.99
8.33
6.17
12.85
13.96
11.84
5.74
1.57
Working Capital
128
207
312
1,035
1,950
5,597
3,861
1,351
449
LT Debt
26
36
119
106
230
1,856
1,490
8,794
9,485
Total Equity
136
625
718
1,643
3,395
5,851
9,281
11,855
11,415
Return on Invested Capital (%)
- -
30.68
21.87
12.01
25.82
12.01
11.55
4.03
1.49
Return on Capital (%)
- -
34.15
22.6
10.79
21.77
12.35
11.35
3.46
1.27
Return on Common Equity (%)
- -
45.43
30.73
14
26.02
18.36
16.56
5.21
1.36

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6,685
7,460
8,481
LT Borrowings
8,110
9,054
8,790
LT Finance Leases
684
686
695
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
142
143
140
Market Capitalization
14,003
11,740
11,502

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,426
12,616
11,398
Cash, Cash Equivalents & STI
2,368
2,652
1,652
Accounts Receivable, Net
567
3,596
3,463
Inventories
324
328
337
Total Current Liabilities
10,074
10,210
10,948
Payables & Accruals
- -
- -
- -
ST Debt
6,685
7,460
8,481
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
78.86%
27.74%
Free Cash Flow
- -
-110.16%
670.24%
Net Income, GAAP
- -
58.84%
-57.97%
Sales/Revenue/Turnover
- -
36.19%
-13.29%
Total Cash Common Dividend
- -
- -
57.93%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
884
1,272
3,845
4,125
10,125
2025
1,467
1,889
2,050
3,374
8,780
2026
1,424
1,654
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.41
0.85
3.59
4.49
9.72
2025
0.6
0.71
0.26
2.01
3.59
2026
0.25
-1.57
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.31
2025
- -
- -
- -
- -
4.59
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yuan I Hsieh
Full Time Employees
245
Sector
Utilities
Industry
Alternative power generation
Address
No. 213, Chaofu Road Taipei TP Taiwan 40757
IPO Date
Mar 6, 2023
Website
hdrenewables.com
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Business
HD Renewable Energy Co., Ltd. (6873.TW) develops, constructs, owns and operates solar photovoltaic power plants and battery energy storage systems; provides engineering, procurement and construction services, asset management, maintenance and operations for renewable energy projects; offers energy storage solutions including TITAN-branded pre-meter and post-meter systems; delivers electric vehicle charging infrastructure and photovoltaic-storage-charging hybrid stations; supplies aquaculture-solar symbiosis projects, intelligent energy management platforms via TITAN IoT SaaS and PaaS systems, and renewable electricity trading through international platforms; and provides energy technology services encompassing green power consulting via subsidiary Stars Power and comprehensive charging operations. Founded in 2016 and headquartered at 5F, No. 35 Dexing West Road, Shilin District, Taipei, Taiwan, the company operates primarily in the utilities-renewable electricity industry, targeting industrial, commercial, livelihood and fishery customers across Taiwan, Japan, Australia and the Philippines through wholly-owned subsidiaries including HD Renewable Energy Australia Pty Ltd in Sydney and HD Renewable Energy Japan Co., Ltd. in Tokyo. HD Renewable Energy advances a 9.4GW global development pipeline with nearly 70% in energy storage, projecting over 55% of group revenue from international markets by 2027; enters a 20-year power purchase agreement with ZEN Energy for the 111MW/330MWh Templers Battery Project in South Australia, slated for commercial operations by end-2025, and forms the ZEBRE joint venture targeting 400MW solar PV and 1GW storage; establishes a joint venture with Mitsubishi Electric in Japan by April 2025 for aggregation of distributed energy resources including solar and storage, alongside Mitsubishi Electric's acquisition of a stake in HD Renewable Energy; connects the 50MW/104MWh Helios Project in Hokkaido to the grid for November 2025 operations and secures 18.5% of Japan's second LTDA battery storage capacity with 20-year contracts across five projects; and partners with Arctrade to launch MWEX Solutions for automated energy trading in Japan and Australia.