Strong demand growth increases certainty, highlighting investment opportunities in the power equipment industry.

Recently, the A-share market has shown a fluctuating upward trend. Driven by factors such as increasing demand and overseas expansion, investment opportunities in the electric power equipment industry are highlighted. Guotai Junan Securities believes that electric power equipment has excellent investment opportunities. On one hand, the increase in demand for electricity from emerging industries such as artificial intelligence drives up the demand for electric power equipment; on the other hand, the rapid development of new energy brings pressure on power grids, thus accelerating the upgrading of power grid construction at home and abroad, leading to a positive global demand for power grid investment. Ping An Securities stated that in the field of wind power, the domestic offshore wind power industry is prosperous, with good export prospects, and commercial floating wind power may accelerate, while demand for onshore wind power may exceed expectations and machine prices may stabilize and rise. In terms of photovoltaics, the development trend of BC battery industry is good, and policy guidance and industry self-regulation may optimize competition in components and silicon materials. In the field of energy storage, overseas large-scale energy storage has a superior competition structure and profitability, with strong growth certainty, and the residential energy storage market is blooming in multiple areas.