花旗：上调阳光电源目标价20% 对公司调研显示生产效率提高

Core Viewpoint - Citigroup visited Sungrow Power Supply's inverter and energy storage system factory in Hefei, Anhui, noting high capacity utilization and increased automation through the use of robotic arms. The firm reiterated a buy rating on the company and raised the target price by 20% to 240 CNY [1] Financial Projections - Analysts Pierre Lau and others indicated that Citigroup's net profit forecasts for Sungrow Power Supply from 2025 to 2027 are 9.6% to 16.5% higher than Bloomberg consensus estimates, with potential for further upward revisions [1] - The company is expected to see energy storage system shipments grow by 70% and 40% in 2025 and 2026, reaching 47.6 GWh and 66.6 GWh respectively [1] Market Positioning - The company is positioned as a preferred choice in the photovoltaic and energy storage sectors [1] - A potential listing in Hong Kong in the first quarter of next year is anticipated to enhance its global visibility [1]