电力设备行业周报：风机价格持续上涨，美国储能ITC补贴延长-20250621

Investment Rating - The industry investment rating is "Recommended (Maintain)" [1] Core Views - The report highlights the continuous increase in wind turbine prices and the extension of the ITC subsidy for energy storage in the United States, indicating a positive outlook for the power equipment industry [4][6] Summary by Sections Recent Trends - The power equipment sector has shown a performance of -3.8% over the last month, -11.0% over the last three months, and a positive 9.0% over the last year, compared to the CSI 300 index which has seen -1.3%, -3.2%, and 9.8% respectively [3] Key Events and Insights - In the photovoltaic sector, there is a notable cautious sentiment regarding terminal demand, with a focus on the trend of replacing precious metals and new technological catalysts. The SNEC photovoltaic exhibition held in Shanghai from June 11-13, 2025, is expected to drive inquiries for distributed orders, although actual transaction prices have not increased [4][5] - In the wind power sector, turbine prices have continued to rise, with the average bidding price for new turbine models increasing by 5% to 8% compared to previous bids. The report anticipates a recovery in profitability for main manufacturers starting in the second half of 2025 [4][5] - The energy storage segment is bolstered by favorable policy changes, such as the U.S. Senate's revision of the "Big and Beautiful" bill, extending the ITC phase-out date to 2034, which supports long-term economic viability [6][7] Company Recommendations - The report suggests focusing on companies involved in high-efficiency battery technologies and those benefiting from the rising demand in the wind and energy storage sectors, including names like New Strong Union, Weili Transmission, and Goldwind [4][5][6]