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Germany increases fiscal spending to promote Energy transition, and China’s solar storage sector welcomes new investment opportunities abroad.
Recently, the German Federal Parliament passed a spending bill worth 500 billion euros with more than two-thirds of the votes. The bill proposes that 100 billion euros be injected into the existing climate and transformation Fund to support the Energy transition and climate protection. The Soochow securities electric new team pointed out that as Germany increases financial support for Energy transition development, the installed capacity of photovoltaic and energy storage is expected to accelerate growth at a turning point, and the demand for Power Inverter exports is expected to benefit.
Hong Kong Stock Concept Tracking | The rush for installations in the Photovoltaic Industry leads to improvement in the Photovoltaic Glass market (including concept stocks).
Starting from March, the Photovoltaic Glass market has significantly improved, with prices rising sharply.
Market quick view | The three major indices are mixed, with the technology index down more than 1%; Robot Concept and Alcoholic Beverages stocks are active, with Horizon Robotics rising over 4% and CHINA RES BEER rising over 5%.
Network Technology stocks fell, with Baidu Group-SW down 3.97% and Alibaba-W down 1.60%; Sporting Goods stocks generally declined, with ANTA SPORTS down 3.93% and YUE YUEN IND down 3.16%; Lithium Battery stocks rose across the board, with LEOCH INT'L up 6.04% and BYD Electronics down 3.92%.
Hong Kong Stock Afternoon Commentary | The three major Indexes show mixed gains and losses, the Science and Technology Index fell nearly 1%; Gold and Robot Concept performed impressively, with Old Puhua Gold rising over 6%, and Yuenjiang rising over 12% t
Network Technology stocks fell, Baidu Group-SW dropped by 3.87%, MEITUAN-W fell by 1.97%; Lithium Battery stocks rose, LEOCH INT'L increased by 5.66%, BYD Company rose by 3.29%; Photovoltaic Power stocks weakened, FUYAO GLASS fell by 3.57%, XINYI GLASS dropped by 0.97%.
Hong Kong stocks have fluctuated丨Solar stocks have generally risen, XINYI ENERGY has increased by more than 5%, Institutions indicate that the solar Industry may be on the verge of recovery.
On March 17, Gelonghui reported that Hong Kong stocks in the photovoltaic sector generally rose, with XINYI ENERGY increasing by over 5%, IRICO NEWENERGY, XINYI GLASS, XINTE ENERGY, and GCL TECH rising nearly 3%. XINYI SOLAR, FLAT GLASS, SOLARGIGA, and FUYAO GLASS followed suit. In news, on March 15, Guangdong Shaoneng Group disclosed an announcement stating that its wholly-owned subsidiary, Shaoneng Group Shaoguan Ruichu New Energy Investment Co., Ltd. (plans to invest in the construction of the second phase, fourth batch of distributed photovoltaic power generation projects. On the same day, Datang Huayin Electric Power Co., Ltd. disclosed an announcement indicating that the company plans to invest in the construction of the first phase of the photovoltaic power generation project that combines forest and solar power at the Xinwei Station in Xintian County, Yongzhou City, and in Chen County, Anxiang.
Cailian Press Venture Capital: In February, the financing in the Carbon Neutrality sector reached 1.835 billion yuan, an increase of 13.98% month-on-month. New Stoneware completed 1 billion yuan in Series C+ financing.
According to data from the financial news agency Venture Capital Tong, in February, there were a total of 52 private equity investment events in the Carbon Neutrality sector, a decrease of 24.64% compared to last month's 69 events; The total disclosed financing amount was approximately 1.835 billion yuan, an increase of 13.98% compared to last month's 1.61 billion yuan.