HS-GCL @EC2608A

CCOE

ONEFORCE HLDGS

ROYAL DELUXE

STARCOIN GROUP

ASIAPAC FIN INV

DRINDA

WAI HUNG GROUP

WELIFE TECH

MAINLAND HOLD

JOHNSON ELEC H

562550

03899

03800

01038

588830

600312

HSBC's research report points out that the market in the Year of the Horse will focus on five major themes: solar energy and hydrogen energy, the 14th Five-Year Plan, power grids, and green fuels. Defensive industries still hold value, and nuclear energy is worth attention. The report mentions that specific equipment manufacturers in the solar energy supply chain and hydrogen producers will benefit from new demand. The target price for CIMC ENRIC has been raised to HKD 12.5, maintaining a "Buy" rating, while GCL TECH, HPEC, and CKI HOLDINGS have also been given "Buy" ratings

AASTOCKS

ChinaAMC Green Electricity ETF

CIMC ENRIC

GCL TECH

CKI HOLDINGS

Penghua SSE STAR New Energy ETF

HPEC

HSBC Research: Stock Selection in the Year of the Horse Focuses on Five Major Themes, Urges Buy on CIMC ENRIC, GCL TECH, CKI HOLDINGS, etc

00451

002506

Chinese energy company GCL is advancing the Knjaževac solar power plant project in eastern Serbia, one of the largest in the country. The Municipal Council has initiated a detailed regulation plan, with public discussions held in early February. Central Europe Energy Company, primarily owned by GCL, has signed a grid connection contract for the plant, which will have a capacity of 136 MW and an estimated investment of EUR 200 million. The plan will cover 267 hectares and is expected to be completed within 12 months, including a strategic environmental assessment.

Blank Green ENERGY NEWS

GCL NEWENERGY

GCLSI

Chinese GCL takes another step in solar power project in Serbia

688223

Elon Musk's SpaceX is exploring partnerships with Chinese solar suppliers for space-based data centers powered by solar energy, sparking a surge in solar stock prices. Companies like Jinko Solar and GCL Technology have acknowledged discussions, but analysts caution against overhyping the technology, which is still in early stages. Musk envisions significant solar panel production and satellite deployment, while China's solar capacity continues to grow. However, experts predict that demand for space-based photovoltaics may not materialize until after 2030, emphasizing the need for reliable manufacturing and technology maturation.

南华早报

Jinkosolar

Jinko Solar

How Elon Musk’s space-based AI vision sparked a Chinese solar stock frenzy

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Chinese solar panel maker GCL Group reported that a delegation led by Elon Musk visited the company, as per Chinese state media. This visit follows Musk's announcement of plans to establish large-scale solar cell production in the U.S., which has positively impacted shares of Chinese solar firms. During the visit, Musk's team was informed about GCL's granular silicon technology and its perovskite business strategy in the U.S.

- Chinese solar panel manufacturer GCL-Poly has reported a visit from a delegation led by Elon Musk, according to the Securities Times.  
- The visit comes shortly after Musk announced plans for large-scale solar cell production in the United States, boosting the stock prices of Chinese solar companies.  
- An official from GCL-Poly stated that Musk's team learned about the company's granular silicon technology and its perovskite business layout in the U.S.

Reuters

XINYI SOLAR

GCL says Musk's delegation visited company, Chinese state media reports

GCL TECH (3800.HK) stock price has recently entered a low-level narrow fluctuation pattern, with insufficient mainline capital inflow and decreasing trading volume day by day. The daily K-line combination is mainly characterized by small upward and downward consolidations, with no obvious collective abnormal movements yet. On the technical side, the MACD continues to show a death cross, with green bars gradually shortening, but there are still no clear signs of recovery. Currently, the short-term 5-day moving average and 10-day moving average have crossed downward, continuing the bearish trend. 

In terms of fundamentals, GCL TECH's main business is silicon material production, which is affected by upstream price fluctuations and industry cycle fluctuations. Recently, the price of silicon materials has adjusted, leading to a slowdown in the performance growth of upstream and downstream enterprises. Although national policies continue to support the development of new energy, short-term industry fluctuations have a certain suppressive effect on the company's valuation and performance. Coupled with the recent tightening of liquidity in the Hong Kong stock market, capital rotation in the new energy sector is frequent, and the main players are increasingly tending towards defensive and diversified allocations.

From a technical analysis perspective, GCL TECH is currently close to the important support platform of HKD 1.35-1.45, and it is necessary to observe whether the intraday trading volume gradually warms up. If abnormal capital movements during the day push through the resistance level of HKD 1.5 with volume, a phase rebound may occur, repairing the short-term weak pattern. If the support is lost, the bearish dominance will test lower ranges. 

In summary, GCL TECH still needs to wait for intraday abnormal movements and clear statements from main capital before participating. It is recommended that investors closely monitor trading volume and industry news, and operate cautiously to prevent risks

Technical Forecast

Early Market Trend | GCL TECH consolidates with reduced volume, will the pressure support welcome new developments?

SEDG

688303

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.

benzinga_article

Solaredge Tech

LONGi

Bosera CSI All Share Electric Utilities ETF

GF CSI All Share Power Public Service ETF

ISHRS S&P Glb Utilities

Enphase Energy

Fisr Trust Nasdaq Clean Edge Smart Grid Infra

KraneShares MSCI China Clean Tech Ind ETF

ChinaAMC CSI Grid Equipment Thematic ETF

First Solar

Daqo New Energy

Invesco Solar ETF

Daqo Energy

iShares S&P Global Clean Energy

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

GCLWW

GCL Technology Plans Nearly HK$1.2 Billion Convertible Bond Issue

marketscreener

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

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.

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

HS-GCL @EC2608A(25571.HK)

HSBC Research: Stock Selection in the Year of the Horse Focuses on Five Major Themes, Urges Buy on CIMC ENRIC, GCL TECH, CKI HOLDINGS, etc

Chinese GCL takes another step in solar power project in Serbia

How Elon Musk’s space-based AI vision sparked a Chinese solar stock frenzy

GCL says Musk's delegation visited company, Chinese state media reports

Early Market Trend | GCL TECH consolidates with reduced volume, will the pressure support welcome new developments?