Stock Track | DATANG POWER Soars 5.40% Intraday on Green Power Policy Support and Major Project Developments

Stock Track
May 08

DATANG POWER's stock soared 5.40% during intraday trading on Friday, reflecting strong investor interest in the green power sector.

The surge comes amid multiple positive catalysts for the company, including policy support for green energy development and specific project announcements. China is accelerating the construction of a national computing power infrastructure system, with computing-power coordination expected to evolve from "power supporting computing" to "computing optimizing power," leading to deep integration of clean green electricity and computing power networks.

DATANG POWER recently announced the official operation of China's first large-scale "computing-power coordination" green power supply project—a 500 MW photovoltaic power station for direct green power supply to the Zhongwei Cloud Base Data Center. Additionally, the company, along with Jiangsu Guoxin Group and Ordos New Energy, signed a capital contribution agreement to establish a joint venture company with 10 billion yuan registered capital for developing the "Inner Mongolia Power to Jiangsu" project, with DATANG POWER contributing 5.1 billion yuan. Institutional analysis points to a sustainable value reassessment of green electricity operating assets amid the accelerated construction of a new power system.

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