电力设备行业投资策略:光伏拐点已现 储能大势所趋

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Dec 08, 2025

光伏拐点已现:反内卷持续推进,关注底部反转当前光伏行业反内卷已取得一定积极成效,Q3 主链上游环节预计显著减亏。后续重点关注供需两条主线:(1)供给侧:硅料收储平台落地及产业链限产措施。(2)需求侧:关注“十五五”光伏装机需求支撑,出口退税取消及严禁低于成本价销售要求的执行。在供需两端反内卷的推进下,产业链供需关系有望迎来快速修复,并推动组件价格抬升。具备阿尔法的标的在行业贝塔修复中具备更大弹性。...

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