民生证券给予华电国际谨慎推荐评级:成本端持续优化,自建+并购提升公司装机规模

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30 Mar

民生证券03月29日发布研报称,给予华电国际(600027.SH,最新价:5.5元)谨慎推荐评级。评级理由主要包括:1)发电量略有下滑,火电60万千瓦及以上装机比例约占51%,远高于全国平均水平;2)公司火电机组集中在山东+安徽+湖北,2025年电价压力相对较小,煤电点火差有望拉大;3)并购火电资产+在建项目持续投运,公司资产规模进一步提升。风险提示:燃料价格上涨影响成本;上网电价波动;用电需求...

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