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<Research>UBS Initiates SIGENERGY (06656.HK) at Buy with TP HKD651
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UBS issued a research report initiating coverage on SIGENERGY (06656.HK) with a Buy rating and a TP of HKD651. The company, since its inception in 2022, has rapidly expanded its production capacity, with shipments increasing from 0.02GWh in 2022 to 3.9GWh in 2025.

Leveraging its competitive products and well-established sales channels, UBS expected SIGENERGY's EPS CAGR to reach 33% over 2026-28.

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