Shanghai, Jan 26, 2026, 08:04 (GMT+8) — Premarket
- Suzhou Maxwell Technologies (300751.SZ) surged 20% to close at 324.36 yuan, hitting the daily limit on Shenzhen’s ChiNext board
- The rally followed a wider surge in solar equipment stocks, fueled by buzz around “space photovoltaics” sparked by Elon Musk’s comments at Davos
- Traders are eyeing Monday’s open for follow-through, while a shareholder selling window kicks off on Jan. 29
Suzhou Maxwell Technologies Co., Ltd. shares are set to draw attention when mainland markets open Monday. The Shenzhen-listed solar equipment company hit the 20% daily limit on Friday, finishing at 324.36 yuan. 1
The surge is significant as the solar sector attempts to recover from a tough stretch marked by falling prices and profit challenges. At the same time, a fresh “space photovoltaics” storyline is drawing quick capital back into the market. Local reports noted that a spate of profit warnings had soured sentiment before the theme took off. 2
Friday saw a “limit-up” in ChiNext, Shenzhen’s growth board where most stocks can only move 20% up or down in one session. Over the past two trading days, Suzhou Maxwell’s shares surged roughly 32%.
Turnover surged. Data from Securities Times’ Databao revealed a 4.26% turnover rate with 26.02 billion yuan ($3.6 billion) changing hands. Shenzhen-Hong Kong Stock Connect investors stayed net buyers, despite an institutional seat showing net selling. The “dragon and tiger list” tracks the largest broker seats active in stocks hitting volatility thresholds. 3
The key issue lies offshore. Tesla CEO Elon Musk, in his first Davos appearance last week, claimed the U.S. could produce enough solar energy to cover rising electricity needs. However, he warned that trade barriers are skewing solar economics. “The tariff barriers for solar are extremely high,” he stated. 4
Suzhou Maxwell produces equipment for solar cell manufacturing, including heterojunction (HJT) production lines, a technology known for high-efficiency solar cells. The company also supplies laser tools used in the manufacturing process, according to its profile. 5
Another pressure point is right here. According to a recent filing, controlling shareholders Zhou Jian and Wang Zhenggen intend to offload as many as 5.4 million shares — that’s about 1.94% of the company — between Jan. 29 and April 28, citing “personal funding needs.” 6
The downside is clear-cut. Space-based solar power is still in its infancy, with little order visibility. Theme-driven rallies often burn out fast—especially in ChiNext stocks, where daily price limits can amplify declines. Any new exchange query, company update, or weak sector performance might drag the stock down from its Friday high.
Traders will be watching closely next week to see if Suzhou Maxwell can maintain its capped close from Friday when regular trading resumes, and if volume remains high. The first key event to note is Jan. 29, when the shareholder sale window is set to open.
