Weichai Power's stock surged 5.06% during intraday trading, driven by a wave of positive analyst sentiment and robust first-quarter operational performance that highlighted the company's successful transition toward high-growth sectors.

Multiple investment banks have raised their outlook on the company, with Morgan Stanley significantly increasing its target price and projecting strong growth for Weichai's AI infrastructure and data center (AIDC) business. The market is actively re-rating Weichai from a traditional heavy-truck engine manufacturer to a global supplier of power infrastructure for AI data centers, a market currently facing tight supply conditions.

The company reported substantial year-over-year growth in its Q1 results, with new energy power system revenue surging approximately 200% and data center engine sales skyrocketing over 240%. Management confirmed that order demand remains robust and the contribution from the power energy business is expected to continue increasing, supporting the positive market sentiment.