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研報掘金丨中信建投:昇陽光電源評級至“買入”,全球海外市場佈局領先
格隆匯 03-31 17:17

中信建投證券研報指出,陽光電源(300274.SZ)作為全球逆變器、儲能龍頭,品牌、技術優勢明顯,全球海外市場佈局領先。儲能業務量、利已成為公司股價核心矛盾,目前市場對公司核心擔憂在於儲能單位盈利持續性,因此造成估值和預期長期被壓制。認為全球儲能需求後續仍將繼續保持高增,產品供給差異化逐步加大的情況下,公司儲能業務毛利率將在今年下半年恢復常態,且將維持在穩定在高於市場預期的水平。當前公司對應2025年業績PE估值僅有12倍,正處於一個相當安全的位置,且正位於估值和預期的雙重底部。調升公司評級至“買入”。

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