The Zhitong Finance App learned,$DONGFANG ELEC (01072.HK)$It rose nearly 5%. As of press release, it had risen 4.73% to HK$11.06, with a turnover of HK$29.3057 million.
According to the news, Microsoft and Brookfield (Brookfield) reached an agreement last week to jointly develop about 10.5 gigawatts of new renewable energy power generation projects between 2026 and 2030. The deal is nearly eight times the size of the largest renewable energy contract signed to date. According to new Goldman Sachs research, the surge in power demand due to AI data center operations will bring downstream investment opportunities to the utilities, renewable energy generation, and industrial sectors.
According to a report published by HSBC Research, Dongfang Electric's Hong Kong shares and A shares have increased cumulatively by 75% and 25% since the end of January. However, in the absence of a significant increase in profit expectations, it is believed that the rebound was based on improving investors' sentiment on energy security/transformation topics. In particular, the development of artificial intelligence and data centers will lead to global electricity shortages. It is estimated that Dongfang Electric will benefit because the company is a leader in coal, natural gas, nuclear energy and wind energy equipment