Lyon: Shouyu Sige New Energy (06656) outperforms the market rating, with a target price of HK$608.

Zhijing Finance APP learned that Lyon released a research report stating that for the first time covering the distributed energy storage system (DESS) solution provider, Strategic Energy (06656), giving it an "outperform the market" rating with a target price of HK$608, corresponding to forecasted P/E ratios of 27 times and 20 times for this year and next. The bank believes that catalysts include more favorable policy support and cost transfer capabilities; main risks include demand lower than expected, intense competition, price wars, and disruptive alternative technologies.