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2026-09-21 12:26:19 JPM released a research report stating that since June this year, China energy storage value chain stocks in the A-share market have undergone a sharp correction. CONTEMPORARY AMPEREX (300750.SZ), HYPERSTRONG (688411.SH), DEYE (605117.SH) and SUNGROW POWER (300274.SZ) have all significantly underperformed the broader market, reflecting investor concerns over weak China energy storage demand prospects next year and rising geopolitical uncertainties. However, JPM believes the market has become overly pessimistic and maintained a positive view on energy storage demand before 2030. The broker forecast China's energy storage installations to record a CAGR of about 22% by 2030, while battery shipments in 2027 are expected to grow about 20% YoY, compared with near-zero growth expected by the market. Among the stocks, JPM continued to list CATL (03750.HK), Sungrow Power and Deye as top picks, and viewed CATL as the best choice to capture global energy storage growth due to its leading market share, strong overseas exposure and attractive valuation after the recent correction. The broker set a TP of HKD725 on the stock. (gc/u)~ AASTOCKS Financial News Website: www.aastocks.com 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. | |