Jinshan Cloud Storage rose by more than 7% before, with a significant increase in target price from Fuli Ray.

date
07/06/2025
Jinshan Cloud's stock price rose by 7.84% to $12.38 before; Jinshan Cloud's H-shares closed today with an increase of nearly 10% at HK$6.57. In terms of news, yesterday the National Energy Administration issued a notice, requiring coordinated planning of computing power and electricity projects in energy-rich areas, exploring the "green electricity aggregation supply" model to provide a pathway for reducing electricity costs for computing power centers and promoting the accelerated development of the green computing power industry chain. In addition, analyst Thomas Chong of Fuer Group maintained a buy rating on Jinshan Cloud and significantly raised the target price from $5.8 to $16.