MS-GCL @EC2604A

CNOOC Solar 拟 issue HKD1.17 billion convertible bonds

DBS downgrades GCL Technology's rating to hold

DBS Downgrades GCL Technology to Hold from Buy

JPMorgan expects policy-driven consolidation in solar industry in 2026, gives 增持 ratings to GCL Technology and 大全新能源

Agricultural Bank of China sees largest increase in holding volume, Southern Hang Seng Tech sees largest percentage increase in holdings

Fitch Rates GCL Technology Holdings' ESG Grade as 2

GCL Technology Holds Stake in Guanghe Qiancheng, Seen as Polysilicon Industry Integration Platform

JPMorgan Maintains Overweight Rating on GCL Technology with Positive Outlook on Future Profitability

Equity Structure of Guanghe Qiancheng Revealed, Exploring Collaborative Opportunities in Polysilicon Industry

GCL Technology Establishes Partnership to Acquire Shares in Inner Mongolia Xin Yuan Silicon Materials

GCL Technology Completes 1.353 Billion Share Subscription Exercise

Significant Increase in Hua Tian International Holdings Shares, Significant Decrease in GCL Technology Holdings Shares

GCL Technology Achieves Profitability Turnaround in Photovoltaic Materials Business

Stock Increase in Hantang International Construction: 356 Million Shares

GCL Technology Completes Issuance of 1.353 Billion Shares

HSX Connect and SZX Connect Holding Records Show Largest Increase for HSFE Fund, Largest Decrease for GCL Technology

HKEX Disclosure Easy Shows Agricultural Bank of China's Holding Increase the Most

Northeast Securities First Coverage of GCL Technology with Buy Rating and Target Price

HKEX Discloses Holding Records of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect: GCL Tech Sees Largest Increase in Shares Held, Weimob Sees Largest Increase in Holding Ratio

Guosen Securities Predicts a Significant Profit Increase for GCL Technology in 2025Q3

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Elon Musk warns that China's electricity generation will soon triple that of the US, potentially by 2026 or 2027. He highlights China's rapid growth in power generation, particularly through solar energy, which accounted for 33.2% of global electricity in 2025 compared to the US's 14.2%. Despite reliance on coal, China's investments in renewable energy and grid infrastructure are significant. This growth raises concerns about the US's ability to compete in renewable energy, especially with high tariffs on solar.

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Solaredge Tech

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Bosera CSI All Share Electric Utilities ETF

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Musk: China Will Soon Generate Three Times as Much Electricity as US

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GCL Technology Plans Nearly HK$1.2 Billion Convertible Bond Issue

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GCL Global

GCL Global Holdings-A - CW26

GCL Technology Plans Nearly HK$1.2 Billion Convertible Bond Issue

GCL TECH announced the issuance of convertible bonds to an independent third party, CPICIM AI Computing Power SP, with a total fundraising amount not exceeding 1.17 billion yuan, an annual interest rate of 9.5%, and a maturity date of 364 days from the date of issuance. The conversion price is 1.6 yuan, representing a premium of 41.59% over today's closing price. The proceeds will be used for investment in a merger and acquisition fund, with the subscriber being one of the independent portfolios of Pacific Waterdrip Digital Asset Fund SPC

AASTOCKS

GCL TECH issues CB to third parties to raise 1.17 billion for investment and acquisition fund

GCL Technology Holdings Ltd. has announced a proposed issue of convertible bonds totaling up to HK$1.17 billion. The bonds, convertible into new shares at HK$1.60 each, will be issued under the company's general mandate. The subscription agreement was signed on January 28, 2026, and the proceeds will support the company's ongoing operations and development.

Reuters

GCL Technology Holdings Announces HK$1.17 Billion Convertible Bond Issue

HSBC Research pointed out that GCL TECH is the largest manufacturer of next-generation space solar cells. It is expected that by 2030, the market size of space solar panels will reach USD 20 billion, increasing to USD 64 billion by 2035. Although market development is influenced by technological and economic conditions, GCL TECH's performance in the space solar field is optimistic, providing a better risk-return ratio

According to "The Big Bank" research, GCL TECH is the largest manufacturer of next-generation space solar cells

DBS Bank has downgraded GCL TECH's investment rating to "Hold," with a target price reduced from RMB 1.65 to RMB 1.12. Although the company has a technological advantage in granular silicon production and production costs continue to decline, industry consolidation has become unclear due to policy intervention. Recent acquisition prices have been relatively high, increasing uncertainty. Despite the strong resilience of solar module prices, analysts believe that market consolidation will take longer and rely on government policy support. The company acquired a 42.5% stake in Inner Mongolia Xinyuan Silicon Material Technology for RMB 2 billion, with the transaction valuation being relatively high and limited short-term financial impact

DBS downgraded GCL TECH to "Hold" with a target price reduced to HKD 1.12

DBS Bank Downgrades GCL Technology to Hold from Buy, Price Target is HK$1.12

DBS Bank Downgrades GCL Technology to Hold from Buy, Price Target is HK$1.12

GCL Technology Holdings Ltd. has announced an HK$800 million equity investment to increase its stake in a non-wholly owned subsidiary. The funds, raised from recent share subscriptions, will be used for the acquisition, which is based on the assumption that the appraised assets are available for transaction under current market conditions. A Limited Partnership was also established to facilitate this acquisition.

GCL Technology Boosts Subsidiary Stake with HK$800 Million Equity Investment

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UNISOUND(09678) fell 11.29%, with a trading turnover 81.4 Million HKD, and a year-to-date fell 24.6%. NANJING PANDA(00553) fell 9.19%, with a trading turnover 579.1 Million HKD, and a year-to-date rose 28.4%. XINTE ENERGY(01799) fell 8.48%, with a trading turnover 48.0 Million HKD, and a year-to-date fell 7.5%.

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JP Morgan holds a constructive view on the photovoltaic industry, despite the recent decline in the CSI Photovoltaic Industry Index. GCL TECH's stock price has fallen due to capacity quota pressures, but JP Morgan believes it can enhance market share and shareholder return on equity by purchasing quotas. The addition of Xinjiang GCL has alleviated concerns about impairment losses. JP Morgan maintains an overweight rating on Daqo New Energy and GCL TECH, with target prices of $38 and HKD 1.7, respectively

GCL NEWENERGY

JP Morgan holds a constructive view on the photovoltaic industry "anti-involution" and maintains a "Buy" rating on GCL TECH

The Hong Kong stock market's photovoltaic sector performed weakly, with GCL TECH continuing to drop by 6.19%, Flat Glass Group falling by 2%, and Xinyi Solar and New Energy falling by 1% to 1.1%. The polysilicon industry capacity integration platform, Guanghe Qiancheng, has not yet officially opened and is still in the preparation stage

The photovoltaic sector's AH shares are weak, with GCL TECH continuing to decline by 6%. It is reported that the polysilicon industry's capacity acquisition platform has not yet been put into operation

MS-GCL @EC2604A(18744.HK)

Musk: China Will Soon Generate Three Times as Much Electricity as US

GCL Technology Plans Nearly HK$1.2 Billion Convertible Bond Issue

GCL TECH issues CB to third parties to raise 1.17 billion for investment and acquisition fund

GCL Technology Holdings Announces HK$1.17 Billion Convertible Bond Issue

According to "The Big Bank" research, GCL TECH is the largest manufacturer of next-generation space solar cells