智通财经APP获悉，中信里昂发布研报称，重申宁德时代(03750)为全球电池板块首选，维持“优于大市”评级，A股及H股目标价分别为460元人民币及670港元。
报告指出，尽管近期有2027年储能需求忧虑，但有前线代表表示，现时市场上的储能钠离子电池较磷酸铁锂更贵，随着2027至2028年产能扩张，钠离子电池成本将下降，未来将更具竞争力。
该行续称，中国储能内部预测2027年销售仍强劲，虽然近月工业及商业客户需求放缓，但幅度未达令人担忧程度，内部指引应远高于同比增长10%，与部分境内券商预期同比下跌形成强烈对比，显示市场或过度悲观。
另一业界代表指出，钠离子并非锂离子的替代品，公司或推出同时采用两种化学体系的储能产品，让两者互相补足。该行早前认为，宁德时代现价已反映2027年共识盈利下调12%，隐含增长仅6%，而现时估值及上述反馈支持，令该行对公司维持正面看法。
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