Zhitong Finance App learned that wind power stocks were generally rising today. As of press release, China High Speed Transmission (00658) rose 5.88% to HK$1.98; Goldwind Technology (02208) rose 2.39% to HK$3.85; Longyuan Electric (00916) rose 2.06% to HK$6.45; and Xintian Green Energy (00956) rose 0.74% to HK$2.72.
Galaxy Securities pointed out that the EU will raise its wind power installation target and go overseas to open up room for growth. Furthermore, sea breezes have begun construction intensively in various provinces, and marginal changes are obvious. Considering that short-term adverse factors affecting ocean winds have been basically eliminated, there is broad room for growth, fan prices are expected to bottom out and rebound, profitability is expected to be repaired, and sector sentiment is expected to reverse and boost.
Dongwu Securities, on the other hand, said that demand for Lu Feng was relatively good in '23, and Seabreeze grew steadily in '23. Overall since the beginning of the year, it has been lower than expected since the beginning of the year, but the project has clearly started since August, and expectations for '24 are improving. Haitong International believes that in 2023, the Seabreeze project will be centrally approved for sea use, and that batch projects will be approved, paving the way for the release of Seabreeze demand in 2024, and that the installation of Seabreeze can be expected in 2024.