On March 29, the National Energy Administration issued the guiding opinions on energy work in 2022 (hereinafter referred to as the opinions). The opinions mentioned that we should vigorously develop wind power and photovoltaic. Including strengthening the planning and construction of a new energy supply and consumption system based on large-scale scenery base, supported by clean, efficient, advanced and energy-saving coal power around it, and supported by stable, safe and reliable UHV power transmission and transformation lines; Continue to implement the development and construction of roof distributed photovoltaic in the whole county, and strengthen the supervision of implementation.
Liu Xiangdong, deputy director of the Economic Research Department of the China Center for international economic exchanges, told the Securities Daily that in order to achieve the “double carbon” goal, we should not only strengthen energy conservation and consumption reduction, but also accelerate the development of renewable energy, increase the proportion of non fossil energy in the total energy consumption, and gradually reduce the total fossil energy consumption.
One of the goals for 2022 mentioned in the opinions is to increase the proportion of non fossil energy in the total energy consumption to about 17.3%, replace about 180 billion kwh of new electric energy, and the proportion of wind power and photovoltaic power generation in the power consumption of the whole society to about 12.2%.
On March 22, the national development and Reform Commission and the National Energy Administration officially released the “14th five year plan” for modern energy system, which also proposed that by 2025, the proportion of non fossil energy power generation will reach about 39%. It means that there is a large space for the development of non fossil energy represented by wind power and photovoltaic.
Soochow Securities Co.Ltd(601555) analyst Zhou Ershuang said that as the clean energy with the lowest cost per kilowatt hour at this stage, China’s onshore wind power has achieved parity access to the Internet, superimposed with the reform of the power market, the improvement of energy consumption capacity and the promotion of market-oriented demand by policy refund, China’s wind power industry is expected to enter a rapid growth stage driven by market demand.
Changjiang Securities Company Limited(000783) research report points out that from January to February, China’s installed capacity of photovoltaic power generation increased by 10.86gw, a year-on-year increase of 234%, reaching the highest level in the same period in history; In addition, the bidding scale of photovoltaic projects with incomplete statistics since the beginning of the year exceeds 52gw, which is also a record bidding volume. As the construction of infrastructure projects gradually enters the peak season from March to April, the demand for photovoltaic is expected to accelerate, which is worthy of the expectation of the market.
Liu Xiangdong believes that vigorously developing the wind power and photovoltaic industries will help enterprises achieve the goal of “carbon neutrality” and increase profit space through market-oriented carbon emission reduction. Listed enterprises focusing on the development of clean energy will be the value investment direction of institutional investors. Therefore, the share prices of relevant listed companies will maintain a steady upward trend in the long term and give timely feedback on favorable policies in the short term.
Data show that as of March 29, A-share wind power and photovoltaic sectors had a total of 66 constituent stocks. Among them, 30 stocks are among the 30 stocks that have been given a “buy” or “add” by the agency within the last 30 days, and within the next 30 days, the agency gives a “buy” or “hold” and other good ratings, such as “buy” or “hold” or “buy” or “hold” within the last 30 days, among which, 30 stocks are among the 30 days, and within the last 30 days of the day, the agency gives a “buy” or “buy” or “hold” and other good ratings, such as “buy in” or “hold” and other good ratings within the agency within the next 30 days, while Robotechnik Intelligent Technology Co.Ltd(300757) 5 Robotechnik Intelligent Technology Co.Ltd(300757) 5751 \ \, Longi Green Energy Technology Co.Ltd(601012) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Jingke energy, Tianjin Zhonghuan Semiconductor Co.Ltd(002129) and other 12 stocks were favored by 5 or more institutions.
Further analysis shows that among the 30 stocks, Cybrid Technologies Inc(603212) , Dajin Heavy Industry Co.Ltd(002487) , Arctech Solar Holding Co.Ltd(688408) , Kbc Corporation Ltd(688598) , Tongwei Co.Ltd(600438) , Wuxi Dk Electronic Materials Co.Ltd(300842) , Shanghai Aerospace Automobile Electromechanical Co.Ltd(600151) .The latest closing prices of 9 stocks, including , Xinjiang Daqo New Energy Co.Ltd(688303) , Longi Green Energy Technology Co.Ltd(601012) and so on, still have more than 60% room for rise compared with the maximum target price given by the institution.
Zhou Ershuang believes that under the background of good prosperity of wind power, it is suggested to pay attention to the main line of parts with high quality and high barriers. First, flanges: large-scale flanges put forward higher requirements for the technical and financial strength of suppliers, and the market concentration will be improved; Second, submarine cables: in 2021, the market scale of China’s wind power submarine cables is about 15.6 billion yuan, the entry threshold of submarine cables is high, compulsory certification is required, the verification cycle is long, and the profitability is stronger than that of land cables.
According to Deng Yongkang, an analyst at Minsheng securities, photovoltaic enterprises enjoying technological dividends are expected to usher in the dual advantages of “increasing market share + enjoying technological premium”. Investors are advised to pay attention to the integrated component enterprises Longi Green Energy Technology Co.Ltd(601012) which benefit from the improvement of demand boom and the year-on-year increase of shipmentp align=”center” style=”text-align:center;”> The picture shows the market performance of some wind power and photovoltaic stocks. Tabulation: Xu Yiming
