A batch of new energy big white horses are constantly falling.
The saying "A weak leader is better than a dog" has been repeatedly proven in the A-share market. Since the beginning of this year, the theme of new energy has continued to decline, with the photovoltaic equipment index plummeting by nearly 40% this year, ranking first on the second tier industry decline list of Shenwan; The energy metal index fell nearly 38% and ranked second, with new energy related sectors such as batteries and wind power equipment falling more than 20%.
In early trading today, the power equipment index fell sharply again, dropping nearly 1% during the day. Industry leader Ningde Times experienced a maximum intraday decline of 2.37%, and its stock price hit a new low in this round of adjustment.
"Ningwang" Innovation Low
On November 29th, Ningde Times opened slightly lower by 0.54%. After opening, the stock price continued to decline, with the lowest intraday drop reaching 167.85 yuan, setting a new low for this round of adjustment; The morning closing fell by 2.18%, with a total market value of less than 740 billion yuan. The stock price of "Ningwang" has undergone a significant adjustment, with the previous highest price approaching 383 yuan, and the latest price has dropped by 56% compared to the previous one.
In addition to CATL, there is also a group of new energy big white horses that are constantly falling. BYD, Longi Green Energy, TCL Central, and JA Solar all hit new lows in the early trading session for the year. Last year, individual stocks with a market value exceeding 100 billion yuan, such as Trina Solar, Enjie Shares, JA Solar Technology, and Yiwei Lithium Energy, all experienced a decline of over 50%, while stocks such as Longji Green Energy and TCL Central fell by over 40%.
What's wrong with new energy?
The hidden worry of overcapacity in the new energy industry is an important reason for sector adjustment. Recently, the main futures contracts for lithium carbonate have hit new lows, with the latest drop dropping to 114700 yuan/ton, a drop of up to 27% within the month, a drop of over 80% compared to historical highs. The price of photovoltaic silicon materials has also performed poorly, falling below 60000 yuan/ton recently, with a correction of over 80% compared to historical highs.
The current P/E ratio of the power equipment sector is less than 18 times, below the historic 0.2% percentile, highlighting investment opportunities.
Dongwu Securities expects a 25% -30% increase in demand for lithium batteries. China and the United States have frequent consultations on climate, new energy, electric vehicles, and other topics, and substantial progress is expected in the future, which is expected to help restore valuations. At present, the leading position in various links is stable and the valuation in 2025 is only about 10 times. The attention of the sector has rebounded, with the first focus on battery, structural components, integrated electrolyte, and negative electrode leading, and the recommendation to focus on new technology leading.
Tesla ignites a trillion dollar new track
Compared to domestic new energy companies, Tesla, as the global leader in new energy, is facing a good day with its stock price increasing by more than double this year. Recently, Tesla executives have announced that a highly anticipated Cybertruck delivery event will be held at a super factory in Texas on Thursday, November 30th at 1pm Eastern Time (2am Beijing Time on Friday).
Cybertruck is positioned as a tough high-end electric pickup truck. Huafu Securities pointed out that compared to its competitors, its appearance is highly technological and its performance is balanced: 30X cold-rolled stainless steel body+integrated die-casting; The entire vehicle's glass will use specially made armored glass; Solar powered trunk cover plate; Introducing a 48V low-voltage system for the first time, equipped with HW4.0 intelligent driving hardware system.
According to third-party data statistics, as of now, the order volume of Cybertruck has exceeded 2 million units. Based on a median pricing of $50000 (RMB 350000-400000) per Cybertruck, Tesla Cybertruck will generate a 1 trillion yuan industrial chain investment opportunity.
Guosheng Securities stated that with the support of its strong product strength and the start of pickup truck delivery, Tesla has entered a new product cycle, benefiting the industry chain company deeply.
Data Treasure has compiled statistics on some A-share companies with high "special content", among which Tuopu Group, Xinquan Shares, Wenchan Shares, Rongtai Shares and other institutions have unanimously predicted that the net profit growth rate will all exceed 30% in the next two years.
It is worth mentioning that these types of stocks have generally performed well in terms of stock prices this year, with Yinlun Shares, Junsheng Electronics, Daimei Shares, and others all experiencing a year-on-year increase of over 30%.