上海证券-电力设备与新能源行业周报：国网新增特高压招标，多地推动低空经济发展-240523

Investment Rating - The industry investment rating is "Overweight (Maintain)" [8] Core Viewpoints - The report highlights that the State Grid has announced new ultra-high voltage tenders, indicating a positive outlook for the power equipment sector. Increased investment in the grid is expected due to the rising penetration of renewable energy and the smart grid development [9] - The report recommends specific companies such as Haixing Electric and suggests paying attention to XJ Electric, Pinggao Electric, China XD Electric, Samsung Medical, Weisheng Information, Jinpan Technology, Huaming Equipment, and Mingyang Electric [9] - The report also notes that multiple regions are promoting low-altitude economic development, which is expected to benefit core components like motors and motor controls [10] - There is a favorable outlook for charging pile investments in the electric vehicle sector, with recommendations for companies involved in charging operations and the charging pile supply chain [11] - The report anticipates growth in new technologies within the photovoltaic sector, particularly in centralized inverters and tracking brackets, following significant price declines in components [12] Summary by Sections Market Review - The power equipment industry experienced a decline of 1.68% over the past week, underperforming the broader market, ranking 27th among all primary industries. Sub-sectors such as motors and grid equipment showed mixed performance, with motors increasing by 0.63% while other segments like wind power and batteries saw declines [8] Data Forecast and Valuation - The report includes a recommendation for Haixing Electric with a target price of 48.82, projecting an EPS of 2.50 for 2024 and a PE ratio of 19.53. The investment rating for Haixing Electric is "Buy" [13]