Today, thousands of Power Electronics, a supplier of microinverters to the solar energy industry, hit China’s new billionaire after it was indexed on the Shanghai Stock Exchange’s STAR market on Monday. President Shao Jianxiong held Hoymiles shares worth $1. 4 billion on Tuesday. Hoymiles, based in Hangzhou, sold 10 million inventories at 557. 8 yuan each, raising 5. 578 billion yuan, or about $875 million when it went public, according to corporate figures. Inventory closed at 711. 50 yuan on Tuesday. China is a world leader when it comes to billionaires in new energy fields, such as electric cars and...