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<Research> HSBC Research Expects Significant Growth in Global ESS Installed Capacity Over Next 5 Years, Rates SANHUA (02050.HK) Buy
Recommend 5 Positive 6 Negative 5 |
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HSBC Research said in a report that global installed capacity of energy storage systems (ESS) is expected to grow at a CAGR of 23% between 2025 and 2030. The bank raised its global ESS installation forecasts for this year and next year from 430GWh and 516GWh to 460GWh and 570GWh, respectively, mainly due to stronger-than-expected battery shipments in 2025. The bank also expects global ESS installed capacity to nearly double from current levels to 901GWh by 2030, driven primarily by higher renewable energy penetration and lagging grid infrastructure construction. HSBC Research believes the market has underestimated the growth potential of behind-the-meter energy storage (BTM), including residential energy storage. It forecasts that, supported by power resource decentralization, favorable policies in emerging economies, energy security concerns, cost reductions, and higher sensitivity of BTM demand to energy price volatility, the share of BTM in total ESS installations will increase from 17% in 2024 to 25% in 2030. The bank initiated coverage on DEYE (605117.SH) with a Buy rating. Below are HSBC Researchs ratings and TP for related stocks: Stock | Investment Rating | TP EVE ENERGY (300014.SZ) | Buy | RMB111 ?RMB109 SUNGROW POWER (300274.SZ) | Buy | RMB226 ?RMB210 DEYE (605117.SH) | Buy | RMB263 FARATRONIC (600563.SH) | Buy | RMB162 HONGFA (600885.SH) | Buy | RMB39.1 ?RMB42.6 SANHUA (002050.SZ) | Buy | RMB56 ?RMB53 SANHUA (02050.HK) | Buy | HKD62 ?HKD61 (hc/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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