研報掘金丨中銀證券:天合光能儲能業務加速佈局,產能建設快速推進 維持“買入”評級
格隆匯5月5日丨中銀證券研報指出,天合光能(688599.SH)日前發佈2022年年報與2023年一季報,盈利同比+104%/+225%。公司組件出貨快速增長,儲能業務加速佈局,產能建設快速推進。2022年,天合儲能國內出貨量超過1.5GWh,全球出貨量近2GWh,成功交付國內單體800MWh儲能項目,實現儲能集成商國內第四、全球第六的市場格局。此外,公司同步積極投入研發新型HJT電池,實驗室效率達到25.6%,為大規模投產提供技術基礎。結合公司年報及行業供需情況,將公司2023-2025年預測每股收益調整至3.41/4.39/5.30元(原預測2023-2025年每股收益為3.22/4.22/-元),維持“買入”評級。
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