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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GCPEF:
- GCL Technology Partners with CPICIM for Asset Tokenization
- GCL Technology Announces Temporary Website Change to Enhance Domestic Access
- GCL Technology Enhances Governance with New Nomination Committee
- GCL Technology Strengthens Governance with New Nomination Committee Appointments
- GCL Technology Holdings Announces Board Composition and Roles