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研報掘金丨西部證券:維持陽光電源“買入”評級,目標價94.5元
格隆匯 04-01 15:52

西部證券研報指出,陽光電源(300274.SZ)重視研發及渠道建設,終端客戶認可度高。公司未來將逐步打開全新市場,規模效應帶來的自身α優勢愈明顯,目標價94.50元,維持“買入”評級。訂單層面,24年11月公司在歐洲英國再下一城,其與英國Fidra Energy成功簽署4.4GWh儲能合作協議。中東方面,24年7月與沙特ALGIHAZ成功簽約全球最大儲能項目,容量高達7.8GWh。儲能訂單預計持續增長。東南亞方面,公司開始爲東南亞最大的光儲融合電站提供光儲一體化解決方案。公司印度產能已完成本土化進程。公司α優勢漸顯。從海外角度看,公司可融資性市場排名靠前。從國內角度看,公司儲能訂單集採入圍標段數量領先,國內認可度高。我們預計公司未來儲能產品盈利能力相對其他廠商仍具備規模化優勢。

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