China's new energy industry is still two policy-driven stage, and the new government attaches importance to the development of new energy sources, and therefore photovoltaic, wind power as the representative of the new energy industry is ushering in a new round of growth period. Among them, we are optimistic about the second half of distributed photovoltaic aspects of the domestic photovoltaic outbreak, the key recommendation of the East Sunrise, Lin Yang Electronics and Lungi shares. We recommend that the wind power industry upturn in manufacturing concern midstream and downstream development and operation of wind farms, the key recommendation of wind technology, wind energy is not Huayi Electric Skyway.
Investment Highlights:
China's new energy industry is ushering in a new round of growth period. Since 2013 the Chinese government issued a series of photovoltaic, wind energy support policies, under the policy push Mai, Chinese PV this year is expected to achieve more than 14GW of new installed capacity of wind power is expected to achieve more than 18GW of new installed capacity, and is expected to continue to grow in the future.
After gaining the first half, the second half of distributed PV China is expected to erupt, and promoting long-term high-growth Chinese PV market is mainly driven Mai forces. Distributed PV financing, policy rules, the business model matures, distributed throughout the project moved into the start phase, is expected in the second half is expected to erupt to 6 ~ 8GW, while the western ground station is expected to increase the quota, the Chinese PV market in the future to determine the high growth. Appropriate subject areas are strongly recommended to actively enter the distributed PV market Oriental Sunrise and Lin Yang Electronics.
In warmer downstream demand pull, solar photovoltaic equipment manufacturing and midstream industry is also expected upturn.
United States and Japan to pull the global PV market 廹 begin a new round of high growth, with the improvement of the supply and demand pattern, midstream photovoltaic manufacturing boom is expected to continue to rise, the corresponding silicon chip leader is strongly recommended Lungi shares. With 旪 midstream expansion has begun, after the cycle of photovoltaic equipment industry has also ushered in the upward inflection point in the year, it is recommended to layout ingot furnace leading companies * ST refinement plight reverse chance this year.
Global wind power investment enthusiasm return, midstream and wind turbine tower industry this year are expected to boom up. In China and the US pull the global wind power industry is expected to resume growth this year, China's wind power midstream manufacturers shipments and earnings are expected to rebound strongly recommend appropriate fan leader Goldwind wind tower enterprises Skyway wind, and strongly recommended Fans and electrical services business this year are expected to usher in reverse Huayi Electric Company fan size is small, but rising short-term performance of elasticity.
With the domestic and net consumptive improved downstream margins rebounded wind farm, wind farm development is also expected to become a new growth point. China in 2013 started to address wind power is difficult and abandon the problem of high winds, the current profitability of the wind farm has been significantly improved, while Goldwind, Erik wind, Huayi Electric and other midstream manufacturing companies this year are planning wind farm development It is also expected to become new growth points.
Risk Warning: The new energy policy is lower than expected; distributed photovoltaic erupted less than expected; wind again in the doldrums.
New Energy 2014 medium-term investment strategy: Under the policy focus on supporting the new energy industry is ushering in a new round of growth period
Article Source:Parui Kang Time:2015/4/3 Views:
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