According to the CITIC Construction Investment Research Report, from the end of April to June of this year, individual stocks in the North American electricity shortage sector were adjusted by about 15-40%. Essentially, before this decline, the market's pricing logic for the gas turbine sector had completed full expectations for the 2028 boom, and the shift in valuation to 2030 was blocked. This is due to ① poor visibility of long-term AI capital expenditure, ② the market's concerns about the power supply pattern in the North American market after the release of SOFC and internal combustion engine production capacity. The statement “gas engine orders have peaked” is only an accelerator of the pullback process. CITIC Construction Investment believes there will still be a power gap until 2028, and it is expected that 26H2 will see a shortage of combustion engines in 2030.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.