On October 8, CGN POWER rose 3.08% in regular trading, with turnover of 51.68 million Hong Kong dollars. The stock was supported by renewed market interest in the nuclear power sector following reports that Alphabet's Google agreed to purchase nuclear energy from Constellation Energy, a move seen as an extension of the AI infrastructure spending narrative by major technology companies.

According to reports, the agreement will add 890 megawatts of reactor capacity and involves an investment of up to 4.3 billion US dollars. The development re-rated commercial nuclear power assets globally, with related uranium and nuclear power names in Hong Kong gaining ground. CGN POWER, as a major operator of nuclear power plants in China, was among the beneficiaries of the sector-wide optimism.

The company is engaged in the construction, operation, and management of nuclear power stations, as well as the sale of electricity generated by these stations, primarily within the Chinese domestic market.

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