How are energy investors positioned?
Investing.com - UBS initiated coverage on GCL Technology Holdings (HK:3800) (OTC:GCPEF) with a Buy rating and a price target of HK$1.90 on Wednesday.
The investment bank identified GCL Technology as a potential key beneficiary of supply cuts as the "anti-involution initiative" gains momentum in the polysilicon sector.
UBS highlighted GCL’s position as a leading polysilicon manufacturer with differentiated granular silicon technology that provides cost advantages and greater energy efficiency compared to industry peers.
The firm noted that GCL Technology could "demonstrate strong alpha amid industry consolidation" due to its competitive positioning in the market.
UBS also pointed to GCL’s track record of technology development, including continuous improvements in product quality and purity, as factors supporting its potential for long-term outperformance in the sector.
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