Stable output of geothermal power generation, the next outlet of new energy?

But the reality is that power plant operations are neither. The calculator can not knock out the high growth superposition of sustainability, capacity expansion can only be stable and orderly, products can not (sustained) price increases. The price of electricity in Europe and the United States rose, temporarily see the information, the price of electricity did not rise.

The current market value is 20 billion, and the net profit of 500 million in 22 years is 40 times PE. I understand that this has included the expectation of future expansion and growth of overseas geopower, and even part of the expectation of promoting domestic geopower.

The market already knows the meeting in Beijing next year, and it does not rule out some funds to buy for this. Otherwise, from another point of view, the air compressor and power station operation of the traditional manufacturing industry can not give a valuation of 40 times.

A share of all power operators, the higher valuation of the benchmark is pure green electricity Three Gorges Energy, H1 net profit 5 billion, a growth rate of 36.6%. The annual total is about 10 billion yuan, the current market value is 170 billion, and PE is only 17 times. Ultra-long-term steady growth of hydropower stocks, PE between 15-20 times.

Thermal power stocks are very sad, and before this wave of thermal power rises, all thermal power assets are probably valued at zero. The valuation of Hong Kong stocks is super low, and the recognized high-quality CGN new energy in pure green is only 10 times.

Assume 1 billion net profit in 23 years, 20 times PE20 billion market value, 25 times 25 billion. Therefore, half of my conclusion is that, from the perspective of investment, Kaishan's overseas geopower will certainly do, and it will become bigger and bigger. But the current share price is not cheap, it is worth watching.

China started the ground power, there must be money to hype. The last two weeks were up, right? The volume of 16-20 billion can be too large, and as a speculation target, it is difficult to pull up hot money. It's the only target. There's no choice. That's the advantage.

Domestic ground power, Kaishan determined to benefit from only selling complete sets of power generation equipment.

Building a power station, there are familiar advantages in the early stage, but the domestic infrastructure strength is too strong, the construction advantage of mountain may not be able to maintain for long; Take resources, Kaishan is a private enterprise, the opponent is a central state-owned enterprise. Status, financing rates, government connections, size and power -- nothing beats it.