The space solar hype is sweeping through China's solar and wind energy sectors, JPMorgan said in its report. The market anticipated that space-related solar manufacturing could expand by 200GW, prompting related stocks to outperform the index by 21-166% since November 2025. According to the broker's estimates, the TAM for space solar energy by 2030 was expected to be humungous, approximately triple 2025’s terrestrial solar TAM.However, its feasibility is under scrutiny. Among the many stocks that have risen in China, most are not involved in gallium arsenide (the current mainstream space solar technology) but are involved in P-type heterojunction and perovskite technologies, which may have potential for space applications. Alternatively, this opportunity may relate to the development of ground manufacturing in the US to mitigate power constraints brought by AIDC.Related News BNP Paribas: GCL Technology (03800.HK) 2H25 Gross Margin Improves; Reiterates OutperformJP Morgan rated GCL TECH (03800.HK) +0.010 (+1.075%) Short selling $30.38M; Ratio 37.213% as Overweight. The ratings for GOLDWIND (002202.SZ) +0.210 (+0.875%) A-shares and MINGYANG SMART ENERGY (601615.SH) -0.550 (-3.350%) were lowered to Underweight. Within the portfolio, the broker preferred GOLDWIND (02208.HK) -0.500 (-3.551%) Short selling $95.53M; Ratio 68.222% H-shares over GOLDWIND A-shares and SUNGROW POWER (300274.SZ) -3.930 (-3.088%) over MAXWELL (300751.SZ) -9.410 (-4.102%) . (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.) (A Shares quote is delayed for at least 15 mins.)
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