Citi analyst Air Ma initiated coverage of GCL Technology (GCPEF) with a Buy rating and HK$1.70 price target The firm believes a rebound in profits could lead to sector re-rating as supply-side reforms in China lift polysilicon stocks. Market-based tariffs could force small polysilicon suppliers out of the market and price controls may put a floor under polysilicon prices, the analyst tells investors in a research note.
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