Commercial Space Industry Sparks Surge in Space Photovoltaic Index as Investors Position Themselves

Commercial Space Sector Ignites Interest? Space Photovoltaic Index Surges, Investors are Positioning Themselves (with list)

The Space Photovoltaic Index experienced a significant increase today, January 22, 2026, with multiple concept stocks attracting investor interest. The Shanghai Composite Index fluctuated within a narrow range throughout the day, closing up by 0.14% at 4122.58 points. The Shenzhen Component Index rose by 0.5%, while the ChiNext Index saw a gain of 1.01%. Market turnover reached 27.164 billion yuan, an increase of 927.61 million yuan compared to the previous day.

Within the market, the commercial space concept continued to show strength, with stocks such as Beimu High-tech, Boyun New Materials, and Triangle Defense reaching their daily price limits. The oil and gas exploration sector also saw gains, with companies like Intercontinental Oil and Gas and Blue Flame Holdings closing strong. The PCB sector opened high, setting a new record with stocks like Jin’an Guoji and Pengding Holdings hitting their limits. In contrast, segments such as insurance, photolithography machines, and weight-loss drugs faced declines.

The semiconductor sector experienced a high opening but later fell back, with Blue Arrow Electronics dropping by 9.66%. Debon Securities noted that in the short term, the market is likely to remain active due to high liquidity, although policy impacts will continue to play a role, leading to a predominantly strong fluctuation. Investors might consider technology sub-sectors that previously received less attention.

In the medium to long term, the 14th Five-Year Plan is expected to provide policy support (with the central bank maintaining a “moderately accommodative” monetary policy) alongside industrial upgrades (in areas like semiconductor technology, commercial space, and controllable nuclear fusion), creating a long-term foundation for the market. The central bank’s recent structural interest rate cuts and discussions around reserve requirement ratio cuts signal potential easing measures, suggesting the continuation of a slow bull market.

The Space Photovoltaic Index surged today by 2.78%, ranking among the top gainers in the Wind Popular Index list. Key stocks included Junda Co. and Hangxiao Steel Structure, both hitting their daily limits with significant buy orders of 12,700 and 107,800 lots, respectively. Other stocks like Tuor Energy and Jingjing Technology also saw gains.

Space photovoltaic energy refers to the use of solar photovoltaic technology to harvest and supply energy in extraterrestrial environments, such as in space or on the Moon. This energy can be transmitted wirelessly to Earth or used to power satellites, space stations, and space data centers. Caixin Securities highlighted that with the growth of the commercial space industry, various emerging technologies are accelerating their industrial application, making space photovoltaics a key area of development.

In terms of quantity, the era of commercial space has seen satellite constellations like SpaceX’s Starlink, China’s Qianfan Constellation, and the State Grid Constellation planning for thousands of satellites, significantly boosting demand for space photovoltaic cells. From a quality perspective, the complexity of communication satellites is increasing, and the adoption of space computing power, phased array antennas, and Hall propulsion systems is expected to substantially raise power consumption for onboard equipment, leading to a notable increase in the photovoltaic power supply needs of individual satellites.

CITIC Securities emphasized that the solar irradiance intensity in space is about 1367W/m2 (AM0 standard), which is over 30% higher than the ground AM1.5 standard (1000W/m2), significantly enhancing the efficiency of photovoltaic cells. Moreover, solar sails can be folded for launch and expanded in orbit, allowing for flexible scaling according to computing power needs, showcasing high adaptability.

Huaxi Securities pointed out that space photovoltaic technology is the primary energy source for space computing power data centers and represents a turning point in system-level costs. The combination of high sunlight efficiency and nearly zero marginal prices allows the total cost of orbiting data centers to decrease by an order of magnitude compared to ground systems. This technology is becoming a strategic solution for commercial space endeavors and high-end applications such as space computing, data centers, and future lunar bases, marking a pivotal moment for space photovoltaics.

According to Data Treasure, as of January 21, 2026, there are 12 space photovoltaic stocks that have seen net buy amounts exceeding 30 million yuan from investors since the beginning of the year. Among them, companies like Lead Intelligent, Jinko Solar, Junda Co., Jieja Weichuang, and Solar Energy each had net buy figures above 100 million yuan, specifically 370 million yuan, 226 million yuan, 147 million yuan, 122 million yuan, and 110 million yuan respectively.

Recently, Jinko Solar announced plans to assemble all key components for space photovoltaic technology over the next 20 years, including perovskite-TOPCon stacked technology, engineering capabilities, mass production, and robotic assembly without human intervention. The company stated that TOPCon serves as the foundational technology to enable rapid mass production of perovskite stacked batteries, which is essential for the next decade. They aim to overcome technical challenges related to efficiency, lightweight design, decay, stability in real-world environments, and large-scale production.

As of January 22, 2026, six publicly listed companies have released their earnings forecasts for 2025. Xizi Clean Energy expects to turn a profit, while LONGi Green Energy anticipates a reduction in losses. Specifically, Xizi Clean Energy predicts a net profit attributable to shareholders of 400 million to 439 million yuan, representing a year-on-year decline of 9.05% to 0.18%, while their non-recurring net profit is expected to range from 220 million to 280 million yuan, reflecting a year-on-year increase of 53.3% to 95.11%.

Recently, a subsidiary of Xizi Clean Energy, Zhongneng Optoelectronics, achieved a breakthrough with a composite semi-transparent top electrode technology. This technology meets the GB/T 42633-2023 standard for space photovoltaic applications, with a current decay of less than 2.5% after a thermal shock test, thus satisfying extreme temperature conditions in space. The lightweight design supports flexible solar wings, helping to approach the power-to-weight target of over 550W/kg. The inorganic layer structure also enhances radiation resistance, ensuring service life in orbit for over 15 years.

In September 2022, LONGi Green Energy established the country’s first Future Energy Space Laboratory. In response to the needs of space power stations, the company is focusing on lightweight component technology, aiming for photovoltaic components to weigh no more than 200 grams per square meter. Furthermore, significant breakthroughs in perovskite stacked technology are being made, allowing for avoidance of terrestrial decay defects and adaptation to space energy scenarios, while also reducing launch costs.

On an industrial collaboration level, LONGi Green Energy is deeply involved in the national space energy layout. The company has partnered with the Three Gorges Group to establish a key laboratory for perovskite photovoltaic technology, enhancing collaborative research on core components for space power stations and becoming a significant technological support for the “Chasing the Sun Project.”