Yes.
According to the International Energy Network, we learned that renewable energy sources such as photovoltaic and wind power have obvious seasonality and volatility, and that a increasing their proportion of electricity generation will inevitably affect energy stability. the electrical system. Photovoltaic energy production is affected by the intensity and angle of sunlight, and this is strongly linked to climate, season and region. Even changes over the course of a day are extremely obvious and very random. That is, the photovoltaic power generation power also has obvious seasonality and fluctuations.
Photovoltaics is a good thing Although they both belong to the new energy sector, photovoltaics perform much better than wind energy in stock exchange. The market is enthusiastic about photovoltaics. but not interested in wind energy. Not high. This is due to many reasons. The main reason is that the future prospects of photovoltaics are better, but investment is always a question of probability, that is, the balance between risk and return.
The actual performance of photovoltaic and wind power in 2020 is similar, and growth expectations for 2021, with the exception of the Follett high point, are similar to those of wind and photovoltaics have no obvious advantage over wind power. However, the stock price rise in the PV sector was significantly greater, with Sungrow reaching an astonishing figure of over 7 times, and Longi also reaching 4.8 times. The stock price reflects that the capital market is more optimistic about photovoltaics, implying its viewon the future growth prospects of related companies and the status of its industry, but it also implies Mr. Market's optimism.
The current valuations of major companies are at all-time highs, LONGi 80%, Sungrow, Flat, Mingyang Intelligent, Sun and Moon are all above 90%, Dongfang Cable 20%, Taisheng Wind Energy 5%, the last two are the lowest. Generally speaking, the stock price of the PV sector has increased significantly. Whether measured by dynamic price-to-earnings ratio, TTM, historical percentile or PEG, the current valuation of photovoltaics is higher than that of wind. , but the performance and future performance in 2020 are actually similar to wind power.