阳光电源（300274）：首次覆盖：逆变器筑基+储能领航双驱动，储能高增长跃升为新增长引擎，锚定全球能源龙头
Sungrow Power Supply(SZ:300274) Haitong Securities International·2026-01-16 07:05研究报告 Research Report 16 Jan 2026 阳光电源 Sungrow Power Supply (300274 CH) 首次覆盖：逆变器筑基+储能领航双驱动，储能高增长跃升为新增长引擎，锚定全球能源龙头 Dual-Drive Growth: Inverters as Foundation, Storage as Leader, a New Growth Engine for Global Energy Leadership: Initiation [Table_yemei1] 观点聚焦 Investment Focus [Table_Info] 首次覆盖优于大市 Initiate with OUTPERFORM 评级 优于大市 OUTPERFORM 现价 Rmb165.46 目标价 Rmb206.00 HTI ESG 3.7-2.6-3.0 E-S-G: 0-5, (Please refer to the Appendix for ESG comments) 义利评级 BBB- 来源 : 盟浪 . Reproduced by permission; no further distribu ...