Huang Renxiun Discusses Space Computing Power! Photovoltaic Equipment Strengthens Collectively, 27 Stocks' 2026 Performance Forecasts Double

The photovoltaic equipment sector performed strongly on March 17, with GCL System Integration, *ST Mubang hitting the daily limit. Huamin Shares, Yicheng New Energy, Guosheng Technology, Shichuang Energy, Runze New Energy, and Foster also showed noticeable gains.

In terms of news, on March 16, U.S. local time, NVIDIA held its annual GTC developer conference in San Jose, California, launching the “Space Computing” platform, which includes the Space-1 Vera Rubin module, IGX Thor, and Jetson Orin. NVIDIA CEO Jensen Huang emphasized: “Space computing has arrived at the ultimate frontier. As satellite constellations are deployed and deep space exploration advances, intelligence must exist where data is generated.”

From Concept to Action: Space Computing

CITIC Securities stated that global computing demand is rising sharply, and relying solely on ground-based data centers is gradually reaching bottlenecks. Infrastructure for computing is extending into space, making space computing a new application scenario for satellites.

Currently, space computing has moved from concept to action. On November 2, 2025, startup Starcloud launched its Starcloud-1 satellite equipped with NVIDIA H100 GPUs into orbit, successfully running large AI models in space, becoming the first AI server in space, demonstrating the feasibility of space computing.

On November 4, 2025, Google announced the “Dailian Project,” planning to launch the first two experimental satellites in 2027 in cooperation with Planet Labs to test the feasibility of distributed AI tasks in space. On November 14, 2025, Elon Musk first proposed deploying a 100GW-scale decentralized solar-powered AI satellite cluster relying on “Starship” and “Starlink V3 satellites.” On November 27, 2025, Beijing Municipal Science and Technology Commission and other departments announced plans to build and operate large centralized data centers with over gigawatt capacity on 700-800 km dawn-dusk orbits. In December 2025, Musk also expressed a long-term vision of achieving 500GW of space computing capacity annually.

Is Space Photovoltaics a Vast Frontier?

Huatai Securities believes that the demand scale for traditional communication, meteorological, navigation, and remote sensing satellites ranges from tens to hundreds of satellites, with individual satellite power in the single to tens of kW, and overall satellite power consumption at most in the hundreds of megawatts.

In contrast, power-hungry satellites are expected to push the power of individual satellites to a new level: an NVIDIA GB300 chip consumes 1.4kW, a typical 8-card server consumes 14kW, while architectures like Blackwell and Rubin using NVL72 and NVL144 architectures have power levels of 132kW and 240kW respectively. The power of AI satellites could far exceed traditional satellites.

In the next 2-3 years, Guojin Securities estimates, based on satellite launches, that by 2025, the total number of satellites launched globally will reach 4,133, with SpaceX launching 3,170, China launching 305, and other entities 659. With rapid advancements in SpaceX’s Falcon rockets and Starship technology, the annual satellite launch growth rate is expected to be 150%/130%/100% from 2026 to 2028, with SpaceX maintaining about 85% of launches and China increasing slightly to 12%.

Considering the theoretical power of SpaceX’s V3 satellites reaching 57-76kW per satellite, and domestic development of ultra-high-power systems in the 50-100kW range, assuming the average satellite power increases proportionally with a 50% expansion in solar wing area, the projected space photovoltaic capacity will be 413MW in 2026, 1,426MW in 2027, and 4,277MW in 2028.

Looking further ahead, Guojin Securities states that power satellites are expected to generate over 100GW of demand for space photovoltaics. According to ITU and FCC launch rules, which typically use 10%, 50%, and 100% of launch plans as benchmarks, the U.S. plans to launch 1.088 million power satellites mainly led by SpaceX and Starcloud, with each satellite designed for 100kW. China plans to launch 8,758 satellites across four major constellations (“Star算,” “Tian算,” “Trisolaris,” “Beijing Starry Sky Institute”). Considering domestic chip and power consumption gaps, assuming each satellite has 20kW power, the demand for space photovoltaics at 10%, 50%, and 100% launch levels would be 6.6GW, 66.5GW, and 132.9GW respectively.

Huatai Securities predicts that by 2030, global AI data center construction could reach hundreds of gigawatts annually, and if 5%-10% of that computing power is deployed in space, it would create a demand for tens of gigawatts of space-based computing satellites—10 to 100 times the current traditional satellite demand. In the longer term, satellites will evolve from space data relay “transit stations” to “off-Earth brains” supporting space economy, further expanding the boundaries of space AI.

China’s Influence Extends from Ground to Space

According to NREL efficiency charts, China leads in crystalline silicon and perovskite technologies (future directions for space photovoltaics), reflecting China’s shift from “scale manufacturing leadership” to “frontier technology + scale dual leadership.”

Huatai Securities states that China is absolutely leading in perovskite/stacked technologies, with Chinese companies and research institutions such as Longi, Suzhou University, USTC, and Nanjing University dominating records. Longi Green’s perovskite/silicon tandem cells have achieved 33% efficiency on large 260.9 cm² commercial modules, setting the global record for that size, with laboratory efficiencies exceeding 35%. Single-junction perovskite efficiency records of 26.95-27.3% are also held by Chinese institutions.

Domestic manufacturers continue to lead in mass production efficiency, with healthy competition between TOPCon and HJT technologies. According to TaiyangNews’s January 2026 list of highest-efficiency PV modules, the top ten are all Chinese companies, with Aiko and Longi’s xBC leading at 24.8% and 24.7%, while Risen’s HJT modules improved from 23.5% to 23.8%, surpassing many TOPCon modules.

On the capacity side, China possesses an indispensable full-chain influence in the global PV industry, enabling not only supply for domestic satellite needs but also potential export to overseas markets, making it a track with alpha potential in commercial space.

27 Stocks Expected to Double in 2026

Many institutions forecast high growth for photovoltaic equipment stocks by 2026. CITIC Bo predicts a 6998.12% YoY increase in 2026, with a median net profit forecast of 655 million yuan. Dico expects a 925.73% YoY growth, with a median net profit of 417 million yuan. Yongzhen, Gaotu, and Airo Energy also rank high in 2026 performance forecasts.

Among these, Longi Green’s median net profit forecast reaches 3.088 billion yuan. Other companies like Canadian Solar, Tongwei, Jinko, Hongyuan Green, Aiko, Daqo, JA Solar, Trina Solar, and TCL Zhonghuan each project over 1 billion yuan.

As of the morning close on March 17, Airo Energy and GCL System Integration’s stock prices have doubled since 2026, with Dico, GoodWe, Liancheng CNC, and Junda shares increasing over 50%.