Thursday’s 10 Worst-Performing Stocks

2. Leishen Energy Holding Co., Ltd. (NASDAQ:LSE)

Leishen Energy dropped its share prices by 33.84 percent on Thursday to finish at $8.27 each as investors resorted to profit-taking following a 92.9-percent surge in the previous trading day.

On Wednesday, LSE soared as high as 92 percent at intra-day trading at $14.99 from its previous close of $7.77 as investors cheered news that the Chinese government issued a guideline on promoting the high-quality development of renewable energy and the green electricity certificate (GEC) market.

LSE, a clean energy equipment and integrated solutions provider for the oil and gas industries, is expected to benefit from the said government initiative.

The guidelines specify that China’s green certificate market trading system will be basically complete over the next two years, with further improvements expected in 2030.

According to analysts, the guideline will improve the market competitiveness of China’s clean energy and significantly expand the relevant market’s trading scale.