Galaxy Securities' research reports indicate that the national energy work conference in 2025 proposed accelerating the planning and construction of a new energy system, clearly defining the new installation targets for wind, solar, and nuclear power. In the short term, the thermal power sector is viewed positively for improving electricity generation, having policy catalysts, continuous performance improvements, and potential valuation increases; in the long term, the hydropower and nuclear power sectors are positively viewed for their high performance certainty and strong dividend capabilities. Although there is still downward pressure on electricity prices in the new energy sector in the short term, policies related to green electricity consumption and electricity prices are expected to be continuously introduced, suggesting seizing the turning point opportunities.
银河证券:风光核装机目标明确 长期看好水电、核电板块
Galaxy Securities: Clear installation targets for wind and solar energy, bullish on the hydropower and nuclear power sectors in the long term.
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