Sunshine Power Surpasses 300 Billion Yuan Market Value as Leading New Energy Stocks Surge, Attracting Institutional Interest in Undervalued Performers

Stock 300274 Surpasses 300 Billion Yuan! Leading stocks in the new energy sector are surging, and these high-performing, undervalued stocks are favored by institutional investors.

On September 24, 2025, Sunshine Power (300274) saw its stock price rise by over 8.6% during trading, closing up 7.43%, with a record closing price that pushed its market capitalization beyond 300 billion yuan. The company is a leading player in both photovoltaic inverters and energy storage. In the first half of 2025, Sunshine Power reported a total operating revenue of 43.5 billion yuan, reflecting a year-on-year increase of 40.34%, and a net profit of 7.735 billion yuan, up 55.97%. Both revenue and net profit have reached historical highs for the same period.

During an institutional survey in August, Sunshine Power indicated that its robust growth was supported by favorable industry conditions. Under the influence of global low-carbon goals, combined with policy support, improved economics, and rising electricity demand, the new energy sector continued to experience rapid growth in the first half of the year. During this period, global newly installed photovoltaic capacity reached 310 GWac, a 60% increase year-on-year, significantly exceeding expectations. In terms of energy storage, the market is transitioning from a fragmented presence in the US, UK, Australia, and China to a globally flourishing landscape, with substantial increases in tender volumes and installed capacity in regions such as Europe, the Middle East, and Asia-Pacific. In the first half of this year, domestic newly installed grid-connected energy storage reached 50 GWh, a 62% increase year-on-year, while overseas storage hit 58.8 GWh, up 74% year-on-year.

Besides Sunshine Power, the energy storage leader Haibo Technology saw its stock price rise over 7% today, also hitting a historical high, with its A-share market capitalization briefly surpassing 50 billion yuan. Meanwhile, Leading Intelligent, a leader in solid-state battery concepts, closed up 7.27%, reaching a new high for the past three years, with its latest A-share market capitalization exceeding 100 billion yuan. Additionally, CATL increased by 3.2%, with its latest closing price marking a historical high, raising its A-share market capitalization to 1.67 trillion yuan.

In a crucial period for advancing the “dual carbon” strategy, energy transition has emerged as a core pathway to achieve this significant objective. As the vanguard of energy transformation, the development quality and pace of new energy directly affect national energy security and the overall green development landscape. In this context, the National Energy Administration and the Ministry of Industry and Information Technology, among others, recently issued guidelines on promoting high-quality development in the energy equipment sector. They aim to achieve self-sufficiency in key energy equipment supply chains by 2030, with significant advancements in high-end, intelligent, and green development, establishing a globally leading technology and industrial system.

The guidelines also advocate for the establishment of a highly secure and reliable energy storage equipment system, the development of long-lasting, wide-temperature-range, low-degradation lithium batteries, sodium batteries, and key solid-state battery equipment, as well as the construction of cost-effective, long-duration energy storage systems using vanadium-based, iron-based, and organic flow batteries. Enhancements in battery management system safety monitoring, hazard warning, and proactive protection technology will improve the intrinsic safety performance of energy storage batteries. The strong guidance from these policies is translating into impressive advancements in the new energy sector.

As of the end of August this year, the total installed capacity of wind and solar power in the country surpassed 1.69 billion kilowatts, exceeding three times the figure at the end of the 13th Five-Year Plan and contributing to 80% of the new electricity generation capacity since the beginning of the 14th Five-Year Plan. The proportion of wind and solar power generation has been steadily rising at an annual rate of 2.2 percentage points. This series of data vividly demonstrates the leap in China’s new energy sector since the start of the 14th Five-Year Plan.

With the continued strength of industry leaders and favorable policies, high-performing, low-PE new energy stocks are expected to see opportunities for rebound. Based on currently popular new energy sectors like solid-state batteries, energy storage, perovskite batteries, controllable nuclear fusion, sodium batteries, and hydrogen energy, Securities Times Data Treasure has identified undervalued stocks with strong performance. The selection criteria include: 1. Net cash flow from operating activities greater than 100 million yuan in the first half of 2025; 2. Achieving profitability with positive year-on-year net profit growth in the first half of 2025; 3. A rolling PE ratio below 40 times as of the market close on September 24. A total of 26 stocks meet these criteria.

Among these 26 stocks, three have doubled in value this year as of September 24: Sunshine Power, Neway Valve, and Dayang Electric. Six stocks have a PE ratio below 15 times: Satellite Chemical, Jiahua Energy, Jiuli Special Materials, Hengdian East Magnetic, Batian Shares, and Yutong Bus. Many institutions believe that there is still premium space for some of these high-performing, undervalued new energy stocks. According to predictions from more than five institutions, the potential upside from the September 24 closing price compared to the consensus target price for stocks like BYD, BOE Technology Group, Hengdian East Magnetic, Jiuli Special Materials, and Satellite Chemical exceeds 11%. Notably, BYD has the highest upside potential at 37.4%.

Guotai Junan Securities believes that BYD’s technological advantages stemming from its vertically integrated system continue to enhance its product technology attributes and market competitiveness. With the introduction of new models such as Tengshi N8L and Fangcheng Leopard Titanium 7, the company’s high-end product matrix will further diversify, potentially driving an upward shift in brand structure and overall sales growth.