HK Stock Market Move | Weichai Power (02338) rises more than 6%, leading US stock SOFC achieves a $2.65 billion order. The company previously obtained a manufacturing license from Ceres SOFC.

Weichai Power (02338) rose more than 6% in early trading, and as of the time of writing, it is up 5.49% at 20.74 Hong Kong dollars with a turnover of 1.4 billion Hong Kong dollars. In terms of news, overnight the US stock Bloom Energy rose 12.81%. It was reported that a US power company announced a solid oxide fuel cell procurement agreement worth $2.65 billion with Bloom Energy. The company plans to develop and build a fuel cell power generation facility near Cheyenne, Wyoming. CICC previously pointed out in a research report that SOFC fuel cell systems may become a new solution for data center power supply. It is expected that the annual average SOFC installation scale in North American data centers from 2026 to 2030 may reach 0.5GW to 1.25GW. In November 2025, Weichai Power signed a manufacturing license agreement with its joint venture company Ceres, planning to establish battery and fuel cell production lines for the stationary power generation market. Some key components will be supplied by Ceres, and the products will provide power for AI data centers, commercial buildings, and industrial parks. Huachuang Securities is optimistic that Weichai Power will benefit significantly from the growth of overseas AI demand in the future.