Weichai Power

Weichai Power shares rose about 3.6% after Jefferies confirmed its buy recommendation and raised the price target from ¥40.40 to ¥44.20. Analysts view the recent weakness as a buying opportunity; the stock has strong institutional support with 13 buy ratings and no sell ratings. A growth driver is Weichai’s power-generation business for AI data centers, which Morgan Stanley says could account for more than 35% of earnings by 2028. » More on de.investing.com

Weichai has signed a licensing agreement with Ceres Power to manufacture solid oxide fuel cell (SOFC) technology and will be able to produce cells and stacks at its own production facility. Target markets are stationary energy systems such as AI data centres, commercial buildings and industrial applications. The agreement replaces previous deals, expands Ceres' network to four manufacturing partners and includes fees, milestones and royalties. License fees are expected to be realised in 2026; group revenue for 2025 remains unchanged from the prior forecast. » More on de.investing.com

Power Solutions International (PSI) has expanded its revolving credit agreement with Standard Chartered, increasing the credit facility to $135.0 million and extending the maturity to July 30, 2027. The company repaid all shareholder loans to Weichai America Corp., reports continued profitability with strong revenue and EBITDA growth, and was announced for inclusion in several major indices such as Russell and MSCI. In addition, Kenneth W. Landini resigned from the board; Kenneth Li highlighted positive operating cash flows and the reversal of a deferred tax valuation allowance. » More on de.investing.com