HSBC Research said in a report that global installed capacity of energy storage systems (ESS) is expected to grow at a CAGR of 23% between 2025 and 2030. The bank raised its global ESS installation forecasts for this year and next year from 430GWh and 516GWh to 460GWh and 570GWh, respectively, mainly due to stronger-than-expected battery shipments in 2025.The bank also expects global ESS installed capacity to nearly double from current levels to 901GWh by 2030, driven primarily by higher renewable energy penetration and lagging grid infrastructure construction.Related NewsSANHUA (02050.HK) Gains 4.5% in Half-day Post-results; Citi Maintains Neutral RatingHSBC Research believes the market has underestimated the growth potential of behind-the-meter energy storage (BTM), including residential energy storage. It forecasts that, supported by power resource decentralization, favorable policies in emerging economies, energy security concerns, cost reductions, and higher sensitivity of BTM demand to energy price volatility, the share of BTM in total ESS installations will increase from 17% in 2024 to 25% in 2030.The bank initiated coverage on DEYE (605117.SH) +3.000 (+2.032%) with a Buy rating. Below are HSBC Researchs ratings and TP for related stocks:Stock | Investment Rating | TPEVE ENERGY (300014.SZ) -1.510 (-2.038%) | Buy | RMB111 ?RMB109SUNGROW POWER (300274.SZ) -0.660 (-0.478%) | Buy | RMB226 ?RMB210DEYE (605117.SH) +3.000 (+2.032%) | Buy | RMB263FARATRONIC (600563.SH) +2.820 (+2.448%) | Buy | RMB162HONGFA (600885.SH) +2.140 (+7.379%) | Buy | RMB39.1 ?RMB42.6SANHUA (002050.SZ) +2.100 (+4.685%) | Buy | RMB56 ?RMB53SANHUA (02050.HK) +1.320 (+4.141%) Short selling $15.63M; Ratio 2.500% | Buy | HKD62 ?HKD61Related News SANHUA (02050.HK) 1Q Net Profit RMB928 million, Up 2.7% YoY(hc/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-30 16:25.) (A Shares quote is delayed for at least 15 mins.)
AASTOCKS Financial News