0627 GMT - GCL Technology's share placement to Hong Kong investment firm Infini Capital likely signals strong confidence in the solar sector's rebound, DBS Group Research's Patricia Yeung says in a note. She is optimistic that excess capital in the solar sector will be gradually removed in 1H next year, which should result in a healthier balance between supply and demand. The solar-materials company is also likely to benefit from recovering polysilicon prices, given the Chinese government's push to regulate disorderly competition, she says. DBS raises its target on GCL Tech to HK$1.65 from HK$1.45 while maintaining a buy rating. Shares gain 3.05% to HK$1.35. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

September 17, 2025 02:27 ET (06:27 GMT)

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