Changes in Hong Kong stocks | Power equipment stocks may benefit from stronger gas turbines in early trading, and overseas AIDC construction agencies are optimistic about electricity market demand

The Zhitong Finance App learned that power equipment stocks strengthened in early trading. As of press release, Harbin Electric (01133) rose 7.58% to HK$15.33; Dongfang Electric (01072) rose 6.39% to HK$23.32; and Shanghai Electric (02727) rose 4.71% to HK$4.22.

According to the news, Scott Strazik, CEO of GE Vernova, a leading US power equipment company, recently said that as large-scale data center construction drives up electricity demand, the company expects to sign an 80 gigawatt combined cycle gas turbine contract by the end of the year. The company's gas turbines have sold out of production capacity up to 2028, and the production capacity in 2029 has already been sold to only 10%. According to another report, Nvidia plans to host a private summit next week inviting startups focused on solving power problems in data centers, which could hinder the development of artificial intelligence.

Huaxi Securities pointed out that with the rapid development of AI and changes in overseas energy policies, the global gas and electricity boom and demand for gas turbines is strong. Leading domestic gas turbine technology layout companies are expected to fully benefit from this round of overseas demand spillover, orders or continuous fulfillment, and are optimistic about core machine suppliers such as Harbin Electric, Shanghai Electric, and Dongfang Electric. UBS said earlier that it is more optimistic about China's electricity market demand. It is expected that China's electricity demand will increase by 8% from 2028 to 2030, double the previous forecast.