【电新环保】关注高切低及业绩较好方向——电新环保行业周报20260315（殷中枢/郝骞/陈无忌/和霖/邓怡亮）

Overall Viewpoint - The stock prices of companies related to computing power and electricity have experienced a strong upward trend, but are now facing divergence due to worsening situations in Iran and heightened expectations for energy security [4] - The strong performance of related stocks is attributed to the cyclical bottoming of power operators and distribution boards, as well as catalysts such as the narrative of token overseas expansion and discussions during the Two Sessions [4] - Future catalysts are expected to come from the continuous deployment of domestic computing power and increased demand for electricity due to rising token usage, although performance realization is still early due to low deployment progress and electricity prices in 2026 [4] Investment Outlook - Focus should be placed on lithium batteries and copper foil segments [6] - The European offshore wind sector shows increased certainty and sustainability [7] - The energy storage sector is expected to see continued performance release due to resonance in domestic and international markets [8] - The logic of electricity shortages in North America remains strong, with potential for increased volatility in high-positioned stocks, but long-term outlook remains positive [8] - The computing power and electricity collaboration market is currently in the later stage of a main upward trend, with stock performance showing divergence, necessitating caution in the short term while maintaining a positive long-term outlook [8]