Dongfang Electric's stock surged 5.01% during intraday trading on Thursday, reflecting strong investor interest in the company.

The rally was primarily driven by rising expectations for hydropower equipment demand, linked to the advancing construction of the Yarlung Tsangpo River downstream hydropower project. As a leading Chinese hydropower equipment manufacturer, Dongfang Electric is positioned as a direct beneficiary of this significant infrastructure investment. Additionally, the company recently signed a strategic cooperation framework agreement with China Green Development Investment Group, further bolstering market sentiment.

Beyond hydropower, the company maintains a broad presence across new energy segments including wind and solar power, aligning with the global energy transition. From a valuation perspective, the company's price-to-earnings ratio remains below the industry average, contributing to its relative attractiveness to investors.