Stock Track | DRINDA Soars 5.03% Intraday on Space Photovoltaics Expansion Plans

Stock Track02-04 10:01

DRINDA's stock price surged 5.03% during intraday trading on Wednesday, reflecting significant investor interest in the company's latest strategic initiative.

The movement appears driven by the company's announcement to invest 30 million yuan to acquire a 16.67% stake in Shanghai Xingyi Xineng, becoming its second-largest shareholder. The two parties plan to form a joint venture focused on CPI films and products combining CPI films with crystalline silicon cells, specifically targeting the low-Earth orbit and space photovoltaic market.

This strategic move aligns with broader industry trends highlighting space-based solar power as a high-growth frontier. Recent technological breakthroughs in perovskite cells and the projected explosive growth in demand for space energy, supported by the deployment of large satellite constellations, are creating new opportunities for companies like DRINDA that are positioning themselves early in this niche sector.

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