---
title: "WUXI LEAD's stock price rose 9%, receiving a \"Buy\" rating from Bank of America with a target price of 57 yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281967332.md"
description: "Bank of America Securities initiated coverage on WUXI LEAD with a \"Buy\" rating and a target price of HKD 57, based on a 35 times projected price-to-earnings ratio for 2026. It is expected that China's battery capital expenditure will recover in the fourth quarter of 2024, and all-solid-state batteries will bring more equipment orders in the next five years. WUXI LEAD's stock price rose 9% today, currently reported at HKD 46.2, with a trading volume of 1.5399 million shares"
datetime: "2026-04-08T03:11:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281967332.md)
  - [en](https://longbridge.com/en/news/281967332.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281967332.md)
---

# WUXI LEAD's stock price rose 9%, receiving a "Buy" rating from Bank of America with a target price of 57 yuan

Bank of America Securities published a research report, initiating coverage on WUXI LEAD (00470.HK) H shares with a "Buy" rating and a target price of HKD 57, based on a 35 times forecasted price-to-earnings ratio for 2026, which is higher than the current approximately 22 times one-year forward price-to-earnings ratio and 0.5 standard deviations above the average of 24 times since its listing, reflecting the bank's positive outlook on the company's order and sales growth in the coming years.

Bank of America is optimistic about WUXI LEAD based on three main factors: 1) China's battery capital expenditure is expected to recover starting in the fourth quarter of 2024, with further acceleration anticipated in 2026; 2) All-solid-state batteries are expected to bring more equipment orders in the next five years, and WUXI LEAD, with its first-mover advantage and leading position in the industry, will be a major beneficiary of this upward trend; 3) The overseas expansion of Chinese battery companies will bring more potential equipment orders.

The bank also lowered the target price for WUXI LEAD (300450.SZ) A shares from RMB 76 to RMB 69, based on a 35% A/H share premium.

WUXI LEAD opened today up 4.95%, reaching a high of RMB 46.36. It is currently reported at RMB 46.2, up 8.96%, with a trading volume of 1.5399 million shares, involving a capital of RMB 69.8763 million

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