Research On Investment Value Of Listed Companies In New Energy Industry

Energy is essential for the survival and development of human society,from the aspects of affecting people's lives,small electric lights,telephone to automobiles,ships cannot do without energy consumption,is the economic and social development of the powerful propeller.Since the second industrial revolution began in the late 1860s,thanks to the rapid development of fossil fuels such as oil,coal,natural gas,mankind has entered the era of electricity".But at the same time of economic development,the rapid consumption of fossil energy has brought great environmental pollution to the world.Exhaust emissions have led to the thinning of the ozone layer in the atmosphere,global warming and rising sea levels,threatening the safety of the coastal countries.In addition,the fossil energy resources-have-been-depleted,which threatens the security of every country's economic development.In this context,it is imperative to improve the energy consumption structure and reduce the dependence on fossil energy,and to find clean and sustainable new energy has become the common choice of the international community.Since the reform and opening up,China's economy has maintained more than thirty years of rapid development,energy consumption increased year by year,but in the consumption of traditional energy,but also faces many challenges.On the one hand,with the reduction of traditional energy sources such as oil and coal,China's energy dependence,is high,which is not conducive to the stable development of national economy and national security.On the other hand,along with the use of traditional energy sources is the increasingly harsh environmental pollution,the country has repeatedly appeared PM2.5 exceeded the situation,seriously affecting the health of residents.How to carry out "energy transformation and search for alternative clean energy" has become an important problem to be solved urgently.In our country,solar and wind energy,ocean energy,nuclear energy and other new energy resources are more abundant,so how to develop and utilize new energy efficiency has very important practical significance to improve national energy security and environment.Firstly,the new energy can replace the traditional fossil energy,offset the shortage of oil and gas resources,increase energy supply,meet energy demand,and make sure energy security.Then,the wide application of new energy to change our current energy structure with coal,oil and natural gas,reduce the problems brought by the use of fossil energy and greenhouse gas emissions and air pollution etc.Although our country has entered the new energy industry is relatively late,and the face from the developed countries competitive advantage,with the State having published industry policy to encourages the development of new energy,advantages of scale and output of our country gradually set up wind power and solar energy industry competition,the fourth generation nuclear power plant uses Hualong one technology in the construction of the unit number ranked first in the world,in addition to China's new energy automotive industry production and sales ranked first in the world,the rapid development of new energy industry segments.But we should also see that China's new energy consumption is still low,and new energy.Firstly,this paper analyzes the basic situation of the listed companies in the new energy industry.PEST analysis model was used to analyze the macro environment,and then to analyze the industry environment and the basic situation of the company.And on this basis,combined with China's new energy industry development environment and policy orientation,considering the company's profitability,solvency,operational capacity,growth capacity,capital structure and the innovation ability six aspects,constructs the evaluation index system,using factor analysis method to single index screening for a comprehensive index of the value of their investments.,to avoid the overlapping information.The comprehensive indexes not only preserves the most information of original variables,but also avoid the interference between.Select 40 Shanghai and Shenzhen A shares listed on the New Energy Company and make empirical analysis by using SPSS19.0 software,finally obtains the comprehensive evaluation results,ranked first,the investment value is relatively larger,and combined with the comprehensive consideration of the net assets per share.Finally,on the basis of this,the development of China's new energy development policies and the development of new energy sub sectors,the selection of wind power to focus on the company's research,given the relevant investment proposals.