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XT Energy Group Inc XTEG

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Morningstar’s Analysis

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Economic Moat

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Company Profile

Business Description

XT Energy Group Inc utilizes a compressed air energy storage power generation technology that can store energy for other alternative energy sources, such as using solar, wind, geothermal and tidal as raw power to regenerate electric power without the use of fossil fuels or other chemical methods. The company produces electricity generation systems that combine its compressed air storage technology with photovoltaic (PV) panels to achieve a continuous supply of power under weather conditions that are unfavorable to the generation of electricity from PV panels alone.

Contact
No.1, Fuqiao Village, Henggouqiao Town
Xianning, 437012
T +86 4001037733
Sector Industrials
Industry Electrical Equipment & Parts
Most Recent Earnings Apr 30, 2020
Fiscal Year End Jul 31, 2020
Stock Type Speculative Growth
Employees 420