Eaglerise Electric
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Headlines · 1
- Power equipment firms queue for Hong Kong IPOs as AI power demand meets tariffs
Chinese power-equipment shares have fallen sharply since May 2026, with many halving from their highs, after a US executive order on 27 August 2026 barred federal procurement or installation of some foreign-made large power system equipment and software, and UBS cut its rating on the sector in September. Yet leaders such as Sieyuan Electric and Eaglerise are still filing Hong Kong prospectuses for A+H listings, mainly to fund overseas capacity and localisation. The article lists the AI power-supply chain as one of three drivers of the boom, citing IEA figures that data centres, AI and crypto together used more than 850 TWh in 2025 and may top 1,050 TWh by the end of 2026.
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