HK Stock Market Move | Concept stocks related to energy storage mostly increased, including REPT BATTERO (00666) and CALB (03931) both rising over 5%.

Concept stocks related to energy storage mostly rose. As of the writing, SHUANGDENG (06960) rose by 5.45% to 13.16 Hong Kong dollars; REPT BATTERO (00666) rose by 5.23% to 16.3 Hong Kong dollars; CALB (03931) rose by 5.16% to 28.54 Hong Kong dollars; GUOXIA TECH (02655) rose by 3.73% to 49 Hong Kong dollars; Contemporary Amperex Technology (03750) rose by 3.57% to 667 Hong Kong dollars. On the news front, Morgan Stanley recently released a 60-page in-depth research report titled "Power for AI: Flexible Power - The Next Wave of Growth in AI". The core viewpoint is that the real bottleneck in the development of AI is shifting from computing power to electricity, and energy storage systems (ESS) will become the core infrastructure to solve this bottleneck. In addition, geopolitical uncertainties are expected to further boost overseas demand for energy storage. CMSC previously pointed out that under the electricity price mechanism of marginal clearance in Europe, LNG natural gas is currently the anchor for pricing in the power market. The rise in gas prices brought about by this conflict will effectively transmit to electricity prices, and household energy storage demand is expected to see a new surge. Wanlian Securities pointed out that domestically, the energy storage industry in China is transitioning from policy-driven to market-driven development by 2026. Currently, the profit rate of domestic energy storage projects is increasing, the scale of bidding and tendering is maintaining high growth, highlighting the resilience of downstream demand, and the installation demand is expected to maintain steady growth. Overseas, the acceleration of data center construction in the United States is driving the demand for energy storage construction. Strong demand for large-scale energy storage in Europe with high long-term growth certainty. Emerging markets such as the Middle East and Australia are strongly supported by policies, enhancing demand for large-scale and household energy storage, providing multiple support points for global energy storage installations.