广发证券：基本面反转+需求刚性+低配电力有望脱颖而出

智通财经2025-04-22

智通财经APP获悉，广发证券发布研报称，3月全社会用电增速回升至4.8%，火电电量降幅收窄，清洁能源贡献度提升。当前电力板块基本面持续改善，煤价下行叠加容量电价机制优化，火电企业盈利修复确定性增强，水电及绿电亦具备结构性机会。建议关注三大投资组合：(1)稳健防御型水电及区域能源;(2)弹性火电标的;3)政策驱动的绿电进攻组合。广发证券主要观点如下：3月全社会用电增速有所改善，火电电量降幅收窄根据...

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广发证券：基本面反转+需求刚性+低配 电力有望脱颖而出

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广发证券：基本面反转+需求刚性+低配电力有望脱颖而出