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Photovoltaic Stocks Rally on CN Rumored Energy Consumption Curb; Tongwei: Company Learning about It
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Hong Kong-listed photovoltaic stocks skyrocketed, with GCL TECH (03800.HK) spiking 23% to $1.76 involving $3.1 billion turnover, COMTEC SOLAR (00712.HK) soaring 92% to $0.23, FLAT GLASS (06865.HK) jumping up more than 23%, and XINYI SOLAR (00968.HK) proliferating 20.3%.

Cailian Press reported that recently a number of “short essays” about the photovoltaic market have begun to circulate and brew, including but not limited to the rumor in the photovoltaic industry that the Ministry of Industry and Information Technology (MIIT) will issue a policy restricting energy consumption next month. In this regard, the press contacted the investor relations departments of Tongwei and Longi Green Energy as investors.

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Regarding today's sharp rise in the photovoltaic sector, Tongwei's spokesperson explained that there are currently many rumors in the market, which may influence the stock price of the company, adding that there are many rumors but none of them have been officially confirmed. In response to the news about limiting energy consumption, the person said that the company is also learning about it. Longi Green Energy's relevant person responded to the rumors by saying that they are not sure.
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