Stock Track | Drinda New Energy Soars 5.09% Intraday on Brokerage Upgrades and Space Computing Initiatives

Stock Track05-22

Drinda New Energy's stock experienced a significant surge of 5.09% during intraday trading on Friday, marking a notable rebound for the company's shares.

The price movement follows bullish research reports from multiple brokerages, including Guojin Securities and Soochow Securities, which both assigned buy ratings to the stock. Additionally, the company's controlled subsidiary, Xingshu Tiansuan, was recently elected as the secretary-general unit of the Shanghai Space Computing Power Industry Ecosystem Partners, taking a leadership role in the Star Hub Plan for a 1,000-satellite computing constellation.

Further catalyzing investor sentiment was the successful launch of the company's first space computing satellite on May 15. The satellite carries Jietai Aerospace's flexible HJT cells for in-orbit verification under extreme conditions, including space radiation and atomic oxygen erosion, highlighting Drinda's strategic expansion into space photovoltaics and commercial aerospace.

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