Rising oil price center elevates, new energy investment opportunities emerge, New Zhonggang hits three consecutive limit-ups

On April 2nd, the green energy concept showed signs of recovery, with New Zhonggang (605162.SH) hitting the limit-up for three consecutive days, Leshan Electric Power (600644.SH) reaching the daily limit, and Star Electric Power (600101.SH), Xichang Electric Power (600505.SH), HuaYin Electric Power (600744.SH), Huitian Thermal Power (000692.SZ), and others following the upward trend.

In terms of news, Huatai Securities pointed out that the blockade of the Strait of Hormuz has strengthened the expectation that fossil fuel prices are more likely to rise than fall, and sectors such as water, nuclear, wind, solar, and biomass power are expected to benefit fully.

Bank of China Securities noted that amid rising oil price midpoints and high-level fluctuations, investment opportunities in new energy are becoming more prominent. Since mid-March, Brent crude oil prices have continued to fluctuate at high levels above $100, and with the ongoing uncertainty surrounding the US-Iran conflict, the importance of energy structure transformation is increasingly highlighted. On one hand, power generation from photovoltaics and wind power is less affected by geopolitical conflicts and fossil fuel prices; on the other hand, the increasing penetration rate of new energy vehicles can help reduce dependence on oil, and energy storage systems can smooth out the volatility of new energy and improve absorption capacity. In recent years, the global political and energy structure systems are undergoing changes, with the frequency and intensity of geopolitical frictions increasing. Against this background, the global energy security demand is likely to continue strengthening, and various tracks within the new energy sector are expected to benefit continuously. By 2026, all segments of the new energy sector, including photovoltaics, wind power, batteries, and energy storage, are expected to perform well, and the industry currently still offers high cost-performance ratios.