Guosen Securities: Rapid Growth in Power Equipment Demand in AI Era, Global Energy Storage System Installation Demand Continues to Expand

Stock News12-15

Guosen Securities released a research report highlighting key investment opportunities in 2026, including the release of global energy storage installation demand, expansion in AIDC power equipment, progress in green methanol industry deployment, adjustments in the photovoltaic supply chain, recovery in grid equipment sector sentiment, profit improvements from lithium battery material price hikes, and advancements in solid-state battery industrialization. The firm's key insights are as follows:

1. **Power Equipment Demand Surges in AI Era** Since November, companies like Google Cloud, OpenAI, and TikTok have accelerated AI infrastructure deployment with new data center investments. To address growing power shortages in the AI era, NVIDIA plans to host a closed-door summit. Global data center construction is accelerating, driving explosive demand for power equipment. Key companies to watch include Jinpan International, Sinote Electric, Eaglerise, Hopewind, Sinexcel, and Zhongheng Electric.

2. **Global Energy Storage Demand Expands** Power supply shortages from U.S. data centers are boosting large-scale storage installations, while grid instability and peak-valley price gaps in Europe are driving energy storage adoption. Emerging markets are rolling out supportive policies, further lifting demand. Guosen forecasts global energy storage installations to reach 404GWh in 2026, up 38% YoY. Recommended stocks: CATL, Eve Energy, Sungrow, Deye, Hopewind, and Sinexcel.

3. **Lithium Battery Price Downtrend May Reverse; Solid-State Battery Commercialization Accelerates** After years of decline, lithium battery product prices and profits are expected to recover significantly in 2026. Innovations like steel-shell batteries, silicon anodes, and large-format storage cells may achieve mass supply by 2026. Solid-state battery industrialization is accelerating, with expanded production lines and vehicle testing laying groundwork for 2027–2030 mass adoption. Focus on CATL, Eve Energy, CALB, Zhuhai CosMX, Tinci Materials, Yunnan Energy, and Xiamen Tungsten.

4. **Wind Turbine Manufacturers’ Profitability Rebounds; Exports Drive Growth** China’s wind power installations are projected to grow 10%–20% in 2026, with stable order prices supporting profitability. Export growth and domestic demand recovery are boosting performance. Offshore wind installations and tenders are rising sharply, benefiting cable and pile manufacturers. Key players: Goldwind, Sany Renewable Energy, CRRC Times New Material, Dajin Heavy Industry, Orient Cable, and HaiLi Wind Power.

5. **Photovoltaic Supply Chain Adjustments Continue; Silver-Free Paste and Perovskite Tech in Focus** Anti-overcapacity policies are improving supply-demand balance, with silicon profits recovering first. Silver-free pastes are emerging as a cost-cutting breakthrough, potentially nearing mass production by 2026, while perovskite tandem cells gain market traction. PV firms are diversifying into semiconductors. Top picks: GCL Technology, Xinte Energy, Tongwei, and Giga Solar.

**Risks**: Policy changes, volatile raw material prices, and weaker-than-expected EV sales.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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