Hong Kong stocks unusual | GCL Tech (03800) rose nearly 3%, institutions pointed out that its future low-cost advantage is prominent, and will start a factory with an annual output of 0.12 million tons in the United Arab Emirates.
GCL Tech (03800) rose by nearly 3%. As of the time of writing, it rose by 2.63%, with a price of 1.17 Hong Kong dollars and a turnover of 44.2707 million Hong Kong dollars.
Goldman Sachs Initiates GCL-Poly Energy Holdings Limited(GCPEF.US) With Hold Rating, Announces Target Price $0.15
Goldman Sachs analyst Jacqueline Du initiates coverage on $GCL-Poly Energy Holdings Limited(GCPEF.US)$ with a hold rating, and sets the target price at $0.15.According to TipRanks data, the analyst
Hong Kong Stock Market Exception | Photovoltaic stocks rise again. The Ministry of Industry and Information Technology has issued a document to regulate the photovoltaic manufacturing industry, and leading enterprises are expected to lead in the industry'
According to the Smart Finance App, photovoltaic stocks have risen again. As of press time, Flat Glass (06865) rose 6.58% to HKD 11.34; GCL Tech (03800) rose 6.42% to HKD 1.16; Xinyi Solar (00968) rose 4.03% to HKD 3.61; and Xinte Energy (01799) rose 3.98% to HKD 7.84. On the news front, on July 9th, the Ministry of Industry and Information Technology publicly solicited opinions on the "Normative Conditions for the Photovoltaic Manufacturing Industry (2024 Edition)" and the "Normative Announcement and Management Measures for the Photovoltaic Manufacturing Industry (2024 Edition)" (draft for comments).
Everbright Securities: Soliciting opinions on the Revision of Normative Conditions for the Photovoltaic Manufacturing Industry, Guiding Technological Progress and Standardized Development of the Photovoltaic Industry.
The purpose of this revision is to further guide photovoltaic enterprises to reduce investment in photovoltaic manufacturing projects that simply expand production capacity, while further enhancing the requirements for project process technology and energy consumption management;
Wiseinvest Stock Unlock | Key positions receive monetary support, the collective rise of the technology sector.
There is no obvious inflow of funds in the Hong Kong stock market. It is mainly driven by A-shares during the trading day, but it could not sustain at the end of the day, and the closing price remained flat.
Hong Kong stocks fluctuate | GCL Tech (03800) rises more than 4%, the company's overseas polycrystalline silicon project accelerates landing, and demand continues to rise in emerging markets.
Shares of GCL Tech (03800) rose more than 4% and as of press time, the stock rose 4.67% to HKD 1.12 with a turnover of HKD 75.3917 million.
MIIT: Guide photovoltaic enterprises to reduce photovoltaic manufacturing projects that simply expand production capacity.
On July 9th, the Ministry of Industry and Information Technology solicited opinions on the draft of the "Normative Conditions for the Photovoltaic Manufacturing Industry (2024 Edition)" and the "Regulations for the Management of Announcement of Norms for the Photovoltaic Manufacturing Industry (2024 Edition)".
Energy giants are selling non-core assets, and refineries have become a favorite of csi commodity equity index traders.
Cash-rich commodity traders are acquiring refineries that energy giants are gradually abandoning.
Macquarie Initiates GCL-Poly Energy Holdings Limited(GCPEF.US) With Buy Rating, Announces Target Price $0.21
Macquarie analyst Albert Miao initiates coverage on $GCL-Poly Energy Holdings Limited(GCPEF.US)$ with a buy rating, and sets the target price at $0.21.According to TipRanks data, the analyst has a suc
Photovoltaic power stocks are under pressure. Flat glass (06865) fell by 3.93% due to institutional concerns about overcapacity in photovoltaic manufacturing. The industry has entered a winter period.
Photovoltaic solar energy stocks were under pressure, with Sfce (01165) down 6.45%, Flat Glass (06865) down 3.93%, Xinyi Solar (00968) down 2.7%, Gcl Tech (03800) down 2.29%, and Fuyao Glass (03606) down 1.04%. According to a research report from Central China Securities, the financial pressure on companies caused by the oversupply of production capacity, excessive industry competition, product homogenization, and significant price declines in the photovoltaic manufacturing sector has become apparent. The industry has entered a winter period, with capacity clearance underway, but considering the industry adjustment time and the previous round of capital reserves.
Hong Kong Stock Concept Tracking | National Energy Administration speaks up! Guiding the release of photovoltaic production capacity, institutions advise to pay attention to industry turning point opportunities. (Attached are concept stocks).
Reasonable guidance for the construction and release of photovoltaic upstream capacity to avoid the redundant construction of low-end capacity and to strive to create a favorable market environment.
Sustainability Column: How is the Chinese market for geothermal power generation, which Buffett is interested in?
The electric energy hidden underground is becoming a clean resource mine in the eyes of technology giants and conglomerates.
HK Stocks stirred: GCL Tech (03800) rose more than 4% at the end of the day, and the overseas poly-silicon project is accelerating its landing. Institutions stated that the price of polycrystalline silicon has bottomed out.
According to the Zhixin Finanace app, GCL Tech (03800) rose more than 4% in the final trading session of the day and was up 3.79% to HKD 1.37 at the time of publication, with a turnover of HKD 259 million.
Jibang Consulting: The photovoltaic industry chain continues to reduce production and clear out inventory. The decision of post-SNEC manufacturers' production and scheduling is particularly crucial.
Due to downstream demand falling back and high silicon wafer inventory, coupled with the approach of Q2 financial reporting season, manufacturers face increased pressure to clear inventory, leading to relatively weak bargaining power for silicon wafer prices. It is expected that prices will remain low in the short term, with consolidation at low levels.
SNEC Photovoltaic Exhibition opens, photovoltaic power stocks rise collectively. GCL Tech (03800) rose by 4.48%.
Jingu Finance | SNEC PV Exhibition was held, and photovoltaic power stocks collectively rose. Comtec Solar (00712) rose by 5.92%, GCL New Energy (00451) rose by 4.71%, GCL Technology (03800) rose by 4.48%, Xinyi Energy (03868) rose by 3.54%, Xinyi Glass (00868) rose by 2.8%, Fuyao Glass (03606) rose by 1.35%, Xinte Energy (01799) rose by 1.17%. In terms of news, the 17th (2024) International Solar PV and Smart Energy (Shanghai) Exhibition of SNEC will be held in
Hong Kong stocks turmoil | Photovoltaic stocks rebounded in early trading, SNEC Photovoltaic Exhibition opened, and the industry's fundamentals are expected to improve marginally.
Photovoltaic stocks rebounded in the morning. As of press time, GCL NewEnergy (00451) rose 4.71% to HKD 0.445; GCL Tech (03800) rose 4.48% to HKD 1.4; Xinyi Glass (00868) rose 3.38% to HKD 8.86.
Photovoltaic power stocks are under pressure, Xinyi Glass (00868) fell 5.86%, and since the end of March, prices of polysilicon have dropped significantly.
Photovoltaic energy stocks are collectively under pressure, with SFCE (01165) falling 6.9%, Xinyi Glass (00868) falling 5.86%, irico newenergy (00438) falling 3.79%, GCL Tech (03800) falling 2.86%, Flat Glass (06865) falling 2.34%, and GCL Newenergy (00451) falling 2.27%.
[Brokerage Focus] BOCOM Intl cuts GCL Tech (03800) target price by 3%, downgrades rating to neutral.
Bocom Intl's research report shows that since the end of March, the price of polycrystalline silicon has significantly declined, falling below the cash cost of all companies except GCL Tech (03800), and it is expected that the company will lose about 200 million yuan in the second quarter.
Hong Kong stocks concept tracking| The photovoltaic grand gathering SNEC 2024 is about to be held, the industry may enter the bottom-up stage (with concept stocks).
Zhì tōng cái jīng APP learned that the annual photovoltaic industry event - the 17th SNEC International Solar Photovoltaic and Intelligent Energy (Shanghai) Conference and Exhibition will be held on June 13-15, 2024. This SNEC exhibition is also the largest in scale in recent years.
[Brokerage Focus] Yongxing Securities maintains a "buy" rating on GCL Tech (03800), indicating that their silicon granule exports are coming soon.
Jingu Finance | Yongxing Securities issued research reports stating that GCL Tech (03800) announced that in May 2024, the company's wholly-owned subsidiary, GCL Suzhou, and Mubadala (UAE sovereign fund) wholly-owned subsidiary MDCPOWER signed a cooperation agreement to develop the UAE's first polycrystalline silicon production facility cooperation project. According to the cooperation agreement, the company will continue to discuss the cooperation project with Mubadala and sign an investment agreement with legal effect for the cooperation project. The bank believes that the UAE is actively transitioning to clean energy.
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