Shanghai, Jan 18, 2026, 08:06 GMT+8 — The market has closed.
Sungrow Power Supply Co., Ltd.’s Shenzhen-listed A-shares jumped 3.34% on Friday following news of advancements in its efforts to supply power equipment for AI data centres. The shares closed at 170.99 yuan. 1
The AIDC angle is crucial now as investors scramble for anything tied to artificial intelligence — not just the flashy chips and servers, but also the less glamorous infrastructure like power conversion and backup systems. For Sungrow, this creates a new storyline alongside its main solar and energy-storage businesses.
The timing is tense for onshore markets. China’s securities regulator vowed stricter supervision and a crackdown on excessive speculation following exchanges’ decision to raise margin requirements for fresh leveraged stock purchases. 2
On Friday, Sungrow revealed on an investor Q&A platform that it’s expanding into the AIDC sector — that’s AI data-centre power supply. The company is collaborating with top cloud service providers and major domestic internet players on product development. They expect to start small-scale deliveries with products “landed” by 2026. 3
When asked about U.S. policy risks tied to the Inflation Reduction Act (IRA), which is shaking up clean-energy supply chains, the company clarified it doesn’t have any factories in Mexico. It also plans to keep a close eye on policy shifts abroad. Sungrow mentioned its energy-storage gross margin has remained fairly steady and that it will boost spending on product development and technical services to stay competitive amid ongoing price pressure. 4
Broker research pushed the stock higher late in the session. Haitong International’s Xu Baiqiao and Li Danyi kicked off coverage on Sungrow with an “accumulate” rating and set a 206 yuan price target, highlighting energy storage as a major growth avenue. 5
The broader market dipped on Friday. China’s Shanghai Composite closed 0.26% lower, and the Shenzhen Component Index edged down 0.18%, according to state media. 6
Solar stocks edged higher, outpacing the broader market. Sungrow led the sector with a 3.34% jump, while LONGi Green Energy climbed 1.24%, according to Interactive Brokers’ market wrap. 7
The AIDC story is still in its infancy and hinges on execution. Data-centre power contracts often take time to materialize, and storage prices could quickly rebound if competitors ramp up volume or if international regulations clamp down once more.
Monday brings a key policy shift: starting Jan. 19, exchanges will enforce a higher minimum margin ratio for new margin-financing trades, meaning investors must put up more cash when buying stocks on borrowed funds. Traders will be on alert to see if this curbs risk-taking right out of the gate. 8
