全球能源行业战略：HTI 专有全球纽恩泰并购数据库；海外太阳能和风能企业为进一步并购提供机会-230713（33页）.pdf

1、 【表_页脚1】本研究报告由海通国际分销，海通国际是由海通国际研究有限公司，海通证券印度私人有限公司，海通国际株式会社和海通国际证券集团其他各成员单位的证券研究团队所组成的全球品牌，海通国际证券集团各成员分别在其许可的司法管辖区内从事证券活动。关于海通国际的分析师证明，重要披露声明和免责声明，请参阅附录。（有关拒赔的英文译本，请参阅附录）表_页眉 1 观点聚焦投资要点 研究报告 13 Jul 2023 全球能源战略全球能源战略 HTI 专有全球纽恩泰并购数据库；海外太阳能和风能企业为进一步并购提供机会专有全球纽恩泰并购数据库；海外太阳能和风能企业为进一步并购提供机会 Table_Info 市盈

2、率 P/E 股票名称 评级 目标价 2023E 2024E Ballard Power Sys.Outperform 8.00 n.a.n.a.布鲁姆能源 Outperform 33.00 n.a.46.5 Clearway Energy Outperform 43.00 19.6 18.8 Enphase Energy Outperform 304.00 28.1 21.3 利文特 Outperform 37.00 11.3 9.3 Lynas Rare Earth Outperform 12.00 17.0 18.1 MP Materials Outperform 56.00 22.4 1

3、2.7 Nextracker Outperform 50.00 28.4 20.8 普拉格能源 Outperform 15.00 n.a.n.a.SolarEgde Tech.Outperform 373.00 27.1 22.9 Vestas Wind Sys.Outperform 300.00 331.7 33.4 JGC Holdings Outperform 2,386 14.0 13.8 RENOVA Outperform 2,375 48.2 18.4 资料来源：Factset,HTI Related Reports Energy Transition Growth to Acce

4、lerate;Livent,Clearway,SolarEdge,Plug Offer the Best Earnings Surprise;Downside Risks for Vestas,Nextracker,MP Materials,Enphase and RENOVA(5 Jul 2023)Growing Importance of Overseas Rare Earth Companies;Structurally Tight Rare Earth Outlook may Get Even Tighter(5 Jul 2023)Global Wind Turbine Benchma

5、rking;Awaiting an Entry Point;Margin Recovery from 4Q23(3 Jul 2023)Global Energy Perspectives;Renewables acceleration driven by solar and wind(28 Jun 2023)Positive on EV Battery Names;Low Margins for Non-Integrated Producers;Buy Defensice Names(27 Jun 2023)Impacts on Global Energy should there evenu

6、tally be regime change in Russia(26 Jun 2023)Challenging 2Q Earnings Season for most Old Energy;EV Battery Names to Outperform New Energy(19 Jun 2023)Global ideas across the old and new energy value chain(12 Jun 2023)Perspectives across the China old energy and new energy value chain,Part 2(7 Jun 20