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研報掘金丨國聯證券:首予福斯特“買入”評級,產品全面且成本優勢突出
格隆匯 02-26 16:40

國聯證券研報指出,福斯特(603806.SH)深耕光伏膠膜,產品全面且成本優勢突出,寡頭地位穩固。公司亦積極佈局感光幹膜、鋁塑複合膜等材料,推動膜材料平台化快速發展。膠膜是作為光伏封裝重要環節之一,膠膜約佔組件總成本的7.63%。2023 年國內實現新增光伏併網規模216.3GW,同比+148.0%,疊加組件價格企穩,國內需求有望釋放,奠定膠膜需求高增基礎。同時,膠膜格局較穩定,呈現一超多強的格局。公司研發規模在行業中保持領先,奠定產品優質基礎。考慮到公司為膠膜行業龍頭,平台化發展順利,首次覆蓋,給予“買入”評級。

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