Tianfeng Securities has issued a buy rating for Haibosichuang (688411.SH, latest price: 67.97 yuan), highlighting the company’s significant potential as a leading domestic energy storage system integrator poised for a second phase of growth in international markets.
In its research report released on April 17, 2024, Tianfeng Securities provided several reasons for this rating:
- New Products: The company is actively developing its own energy storage PCS (Power Conversion System) and is deeply investing in grid-type technology, silicon carbide application technology, and grid simulation technology.
- Overseas Market Expansion: Since 2024, Haibosichuang has made notable breakthroughs in Europe, the United States, and the Asia-Pacific region.
However, there are risks to consider, including:
- The risk of declining performance due to increased industry competition.
- The risk associated with a single supplier for battery cell procurement.
- Potential changes in industrial policies.
- Risks related to declining gross margins.
It is important to note that the forecasts in the report contain a degree of subjectivity and are meant for reference only.
In the past month, Haibosichuang has attracted attention from one securities firm.
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