CITIC Securities: The new energy sector is expected to experience a Davis Double Play

Golden Ten Data, March 26 — According to a research report by CITIC Securities, in the short term, against the backdrop of a significant rise in oil and gas prices, the new energy industry is expected to benefit from its flexible allocation attributes and improved economic advantages, leading to accelerated demand growth. In the medium to long term, regions such as China, Europe, and the Asia-Pacific have shortcomings in oil and gas resources, and their energy structure faces vulnerability risks; therefore, the development of clean energy will be upgraded from an optional path for low-carbon transition to a necessary strategy for energy security. As a result, taking into account the trend growth in new energy demand, as well as event-driven catalysts such as geopolitical conflicts, we expect the industry to experience a "Davis Double Play" effect.