$GOLDWIND(02208.HK) rose by about six points, while $GE Vernova(GEV.US) and $Fluence Energy(FLNC.US) saw little movement. Both are in the power equipment sector; wind turbines have shown independent performance, whereas gas turbines and energy storage remain stagnant.
The narrative of computing power hogging electricity has been dominated by gas turbines and energy storage over the past half-year. Now, however, it's Hong Kong-listed wind turbine stocks that are moving—is this due to the resumption of domestic wind power bidding, or is capital shifting from the crowded computing power supply chain to overlooked traditional new energy?
The latter seems more likely. $Fluence Energy(FLNC.US) has already completed a death cross pattern over the last ten trading days. Once the overcrowding subsides, money will inevitably seek out undervalued opportunities.
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