Lyon: Maintaining Ningde era's A-share "high confidence outperforms the market" rating, optimistic about its prospects.

Lion City has released a research report, reiterating a "outperform market" rating for Ningde Times H shares with a target price of 685 Hong Kong dollars, and maintaining a "highly confident outperform market" rating for A shares with a target price of 500 yuan. The bank expressed optimism about the prospects of Ningde Times and expected the current energy storage system boom to continue into next year. The bank believes that Ningde Times is undervalued compared to other battery companies, and with the end of the IPO lock-up period approaching, it recommends buying on dips if the stock price falls.