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Shares of Star Energy Hit Record Low Following Regulatory Investigation
Utilities · Alternative Power Generation · economic_daily · 2026-10-22
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Star Energy shares plunged to a record low after the company confirmed a regulatory investigation, despite management's assurances that business operations remain unaffected.
What Happened
Regulatory Investigation: Star Energy disclosed on the 21st that investigative authorities visited the company to collect documents. The firm stated that it is cooperating fully with the probe and maintained that its financial and operational status remains stable.
Stock Market Reaction: Shares of Star Energy plummeted to 57.4 TWD on the 22nd, hitting a limit-down position and marking a new record low since listing. The stock has been in a long-term downtrend, shedding over 40% of its value year-to-date amid sustained selling pressure.
Financial Performance: The company reported a loss per share of 1.32 TWD for the first half of the year, largely due to the delayed recognition of Japanese energy storage projects. While revenue saw a significant boost in September from domestic engineering projects, the earlier financial setbacks continue to weigh on investor sentiment.
Strategic Developments: Despite the legal headwinds, the company continues to expand its green energy footprint through its subsidiary, Star Power. Recent agreements to procure offshore wind power demonstrate the firm's ongoing commitment to scaling its renewable energy portfolio and securing future revenue streams.