--- title: "Understanding the Market | Power Equipment Stocks Lead the Decline, Dongfang Electric Falls Nearly 10%, Rising Oil and Gas Prices May Suppress Gas Turbine Demand" type: "News" locale: "en" url: "https://longbridge.com/en/news/289268392.md" description: "Power equipment stocks fell sharply. As of the time of publication, Dongfang Electric fell 9.77% to HKD 26.42; Harbin Electric fell 7.17% to HKD 16.19; Weichai Power fell 6.52% to HKD 34.42; Chongqing M&E fell 2.59% to HKD 2.63. On the news front, the global expansion of AI computing infrastructure, exacerbated grid bottlenecks, and the upgrade of power supply standards for A-level data centers are driving the diesel generator industry into a new cycle of demand expansion. In some regions of North America, customers primarily use diesel generators as their main power source. International oil and gas prices continue to rise, which may significantly suppress the demand for gas turbine units. It is worth noting that the industry position of diesel generators as backup power sources remains unshakable. Currently, the proportion of gas generator units in the overall power supply structure is still relatively low. Previously, customers in some regions of North America primarily used diesel generators as their main power source, but with the lower costs of gas generator units, customers are now more inclined to choose gas generator units for power supply" datetime: "2026-06-10T03:43:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289268392.md) - [en](https://longbridge.com/en/news/289268392.md) - [zh-HK](https://longbridge.com/zh-HK/news/289268392.md) --- # Understanding the Market | Power Equipment Stocks Lead the Decline, Dongfang Electric Falls Nearly 10%, Rising Oil and Gas Prices May Suppress Gas Turbine Demand According to Zhitong Finance APP, power equipment stocks are among the biggest losers. As of the time of publication, Dongfang Electric (01072) is down 9.77%, trading at HKD 26.42; Harbin Electric (01133) is down 7.17%, trading at HKD 16.19; Weichai Power (02338) is down 6.52%, trading at HKD 34.42; Chongqing M&E (02722) is down 2.59%, trading at HKD 2.63. On the news front, the global expansion of AI computing infrastructure, worsening grid bottlenecks, and the upgrade of power supply standards for A-level data centers are driving the diesel generator set industry into a new round of demand expansion cycle. In some regions of North America, customers primarily use diesel generator sets as their main power source. The continuous rise in international oil and gas prices may significantly suppress the demand for gas turbine units. It is worth noting that the industry status of diesel generator sets as backup power sources remains unshakable. Currently, the proportion of gas generator sets in the overall power supply structure is still relatively low. Previously, customers in some regions of North America primarily used diesel generator sets as their main power source. However, as the cost of gas generator sets is lower, current customers are more inclined to choose gas generator sets for power supply ### Related Stocks - [01133.HK](https://longbridge.com/en/quote/01133.HK.md) - [02338.HK](https://longbridge.com/en/quote/02338.HK.md) - [600875.CN](https://longbridge.com/en/quote/600875.CN.md) - [02722.HK](https://longbridge.com/en/quote/02722.HK.md) - [01072.HK](https://longbridge.com/en/quote/01072.HK.md) - [000338.CN](https://longbridge.com/en/quote/000338.CN.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [159309.CN](https://longbridge.com/en/quote/159309.CN.md) - [03175.HK](https://longbridge.com/en/quote/03175.HK.md) - [561700.CN](https://longbridge.com/en/quote/561700.CN.md) - [563150.CN](https://longbridge.com/en/quote/563150.CN.md) - [561760.CN](https://longbridge.com/en/quote/561760.CN.md) - [561360.CN](https://longbridge.com/en/quote/561360.CN.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [03097.HK](https://longbridge.com/en/quote/03097.HK.md) - [UNG.US](https://longbridge.com/en/quote/UNG.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [601399.CN](https://longbridge.com/en/quote/601399.CN.md) ## Related News & Research - [Weichai Power files list of directors with Hong Kong Stock Exchange](https://longbridge.com/en/news/290438426.md) - [Institutional Signals Point to Shifting Dynamics in Hong Kong New Energy and Tech Plays](https://longbridge.com/en/news/290939463.md) - [Hormuz Shipping Confidence Is Still Shaky](https://longbridge.com/en/news/290951747.md) - [Goldman Sachs says EV surge may cut oil demand by late 2027](https://longbridge.com/en/news/290438409.md) - [VEGOILS-Palm oil extends gains on rival oil strength, weaker ringgit](https://longbridge.com/en/news/290390103.md)