Hong Kong Stock Movement: DRINDA (02865) Surges Over 6% Amid Reports of Musk Team's Covert Visits to Chinese Solar Firms

Stock News10:39

Shares of Hainan Drinda New Energy Technology Co., Ltd. (02865) have climbed more than 6% once again. As of the writing of this report, the stock is up 6.13%, trading at HKD 48.5, with a turnover of HKD 646 million. The surge is reportedly driven by market news from Sina Finance, indicating that comments from Elon Musk regarding plans to build space-based solar-powered AI data centers and 200GW of photovoltaic capacity have sharply increased market attention on the domestic solar sector. According to sources speaking to Nengjianpai, Musk's team recently conducted confidential visits to several Chinese photovoltaic enterprises, with inspections covering segments such as equipment, silicon wafers, and cell modules. The team reportedly placed particular focus on solar companies pursuing heterojunction and perovskite technology pathways. One photovoltaic company confirmed the itinerary to Nengjianpai, stating, "We have indeed been in contact with Musk's team, but the details of the inspection are confidential." In December of last year, DRINDA announced the signing of a Strategic Cooperation Framework Agreement with Shangyi Optoelectronics, with the two parties intending to collaborate on the "R&D and industrialization of flexible perovskite technology for applications in space computing and space-based energy." Previously, the company disclosed plans to invest CNY 30 million in cash to acquire a 16.67% stake in Shanghai Xingyi Xinneng, and the two entities will establish a joint venture primarily focused on CPI film and products combining CPI film with crystalline silicon cells, aiming to enter the low-orbit and space photovoltaic markets.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment