--- title: "CLSA Initiates Coverage on Five Chinese Gas Turbine Stocks; Top Pick JEREH" type: "News" locale: "en" url: "https://longbridge.com/en/news/291499422.md" description: "CLSA initiated coverage on five Chinese gas turbine stocks, citing AI-driven power demand and tight global supply as catalysts for a structural upcycle. Top pick JEREH received a 'Conviction List Buy' with a RMB221 target price. Other rated stocks include Yingliu, Himile Science & Technology, Harbin Electric, and SH Electric. CLSA also reiterated buy ratings on GE Vernova and Siemens Energy." datetime: "2026-07-02T05:30:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291499422.md) - [en](https://longbridge.com/en/news/291499422.md) - [zh-HK](https://longbridge.com/zh-HK/news/291499422.md) generator: "portal-rs" --- # CLSA Initiates Coverage on Five Chinese Gas Turbine Stocks; Top Pick JEREH CLSA published a global gas turbine industry research report, initiating coverage on five Chinese gas turbine industry chain stocks with investment ratings and target prices. The broker said power demand driven by AI data centers (AIDC) is pushing the industry into a structural upcycle, while tight global supply is opening a window for Chinese companies to expand into international markets. CLSA said the global gas turbine industry is benefiting from rigid power demand generated by AIDC expansion. Unlike previous speculative order cycles, the current upcycle is supported by real and visible project pipelines. The broker forecast global annual gas turbine demand at about 120 gigawatts between 2025 and 2030, representing a 20% increase from the 100-gigawatt base in 2025. Meanwhile, the three traditional original equipment manufacturers (OEMs), including GE Vernova Inc. (GEV.US) , Siemens Energy and Mitsubishi Heavy Industries, together account for about 80% of market share. However, their capacity expansion remains conservative, with order books already scheduled through 2030, creating structural entry opportunities for Chinese manufacturers. Among the five Chinese stocks under initial coverage, CLSA's top pick is JEREH (002353.SZ) -6.040 (-3.906%) , which received a "Conviction List Buy" rating with a target price of RMB221. The broker expects its gas turbine skid assembly business to achieve rapid growth from a near-zero base, with gross profit contribution projected to reach 33% by 2028. The other four stocks were all rated "Outperform". In order of preference, they are: YINGLIU (603308.SH) -0.900 (-1.468%) with a target price of RMB80; HIMILE SCIENCE & TECHNOLOGY (002595.SZ) +0.600 (+1.291%) with a target price of RMB62; HARBIN ELECTRIC (01133.HK) -0.040 (-0.261%) Short selling $7.65M; Ratio 17.574% with a target price of HKD18; and SH ELECTRIC (02727.HK) +0.090 (+2.663%) Short selling $11.93M; Ratio 23.991% H shares with a target price of HKD3.9, while SH ELECTRIC (601727.SH) -0.060 (-0.856%) A shares have a target price of RMB8. The broker also reiterated its "Conviction List Buy" ratings on global gas turbine giants GE Vernova Inc. (GEV.US) and Siemens Energy, with target prices of USD1,333 and EUR250 respectively, believing both companies will continue to dominate the heavy-duty gas turbine market. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-02 12:25.) (A Shares quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.) ### Related Stocks - [ENR.DE](https://longbridge.com/en/quote/ENR.DE.md) - [GEV.US](https://longbridge.com/en/quote/GEV.US.md) - [02727.HK](https://longbridge.com/en/quote/02727.HK.md) - [01133.HK](https://longbridge.com/en/quote/01133.HK.md) - [603308.CN](https://longbridge.com/en/quote/603308.CN.md) - [601727.CN](https://longbridge.com/en/quote/601727.CN.md) - [002595.CN](https://longbridge.com/en/quote/002595.CN.md) - [002353.CN](https://longbridge.com/en/quote/002353.CN.md) - [GEVX.US](https://longbridge.com/en/quote/GEVX.US.md) - [7011.JP](https://longbridge.com/en/quote/7011.JP.md) ## Related News & Research - [GE Vernova partners with SHINE on ARPA-E project to modernize nuclear fuel recycling safeguards](https://longbridge.com/en/news/296207704.md) - [Global gas turbine orders reach record as power demand surges, J.P. Morgan says](https://longbridge.com/en/news/295701645.md) - [Shanghai Electric joins CMA CGM, Shanghai port group in record 8,000-metric-ton biomethanol bunkering at Yangshan Port](https://longbridge.com/en/news/296420770.md) - [PTA-CMS: Siemens Energy AG: Disclosure pursuant to art. 5 para. 1 lit. b), para. 3 of the Regulation (EU) no. 596/2014](https://longbridge.com/en/news/296124114.md) - ["Now Taking Reservations For 2031 Delivery": GE Vernova Gas Turbine Backlog Climbs To 116 GW](https://longbridge.com/en/news/293851342.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**