研报掘金丨华福证券：阳光电源储能海外订单不断，维持“买入”评级

Core Viewpoint - The company is experiencing a significant increase in overseas energy storage orders, with its AIDC business expected to become a second growth curve [1] Group 1: Overseas Orders - In early August, the company signed a cooperation agreement with Bulgarian solar company SunterraRE to deploy a 1GWh battery storage system at three of its largest photovoltaic parks [1] - This follows a 2.4GWh storage order signed with European solar power station developer SUNOTEC in late July, indicating a clear acceleration in storage orders in the European market [1] - The company has consistently secured overseas storage orders since 2025, including a 500MWh order in Japan in February and a partnership with Renewable Power Capital (RPC) for a 50MW/100MWh storage project in Finland in March [1] Group 2: Competitive Position - The company is recognized as a leader in global photovoltaic inverters and large storage system integration, showcasing strong competitiveness in the global energy storage market [1] - The active expansion into the AIDC business further highlights the company's potential for growth and competitive advantage in the industry [1]