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<Research> BofAS Raises WEICHAI POWER (02338.HK) TP to HKD48.2, Expects Gas Generator Set Deliveries in 2H
BofAS issued a research report stating that WEICHAI POWER (02338.HK) is currently selling 1 to 2 megawatt gas generator sets to the US market and plans to begin sales of high-speed...
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<Research> BofAS Raises WEICHAI POWER (02338.HK) TP to HKD48.2, Expects Gas Generator Set Deliveries in 2H
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BofAS issued a research report stating that WEICHAI POWER (02338.HK)  +0.120 (+0.290%)    Short selling $87.69M; Ratio 9.243%   is currently selling 1 to 2 megawatt gas generator sets to the US market and plans to begin sales of high-speed 2 to 3 megawatt gas generator sets for artificial intelligence data centers starting from 3Q26, after obtaining US certification. The company targets delivery of 200 gas generator sets in 2026, with rapid growth expected in 2027. Channel checks by the broker indicate that the average selling price of gas generator sets is USD600,000 per megawatt. Deliveries are expected to further drive revenue growth from AI data center-related products between 2026 and 2028.

The broker kept its 2026 earnings forecast for WEICHAI POWER largely unchanged, but lowered its 2027 and 2028 EPS forecasts by 1% to reflect a more optimistic outlook for AI data center engines, KIONs 1Q results and lower profit assumptions for KION. The TP was raised from HKD40.5 to HKD48.2, and the Buy rating was reiterated. (ec/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

Related News Daiwa Downgrades WEICHAI POWER (02338.HK) to Outperform, Raises TP to HKD50

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