Ac t i o n | 10 Mar 2026 05:39:48 ET │ 17 pages Ningbo Deye Technology (605117.SS) Earnings and TP Lifts Expecting More Residential ESS Demand CITI'S TAKE We reiterate Buy on Deye for (i) near doubling yoy of energy storage system (ESS) inverter volume demand growth in 1Q26E, benefiting from fast- growing global residential ESS demand amid power shortages, especially in emerging markets; (ii) positive catalyst from incremental ESS demand from Europe stimulated by energy price hikes amid the Middle East conf ...