Analysis On Investment Value Of Listed Companies In Photovoltaic Industry

With the growing global energy situation,solar photovoltaic power generation as a sustainable alternative to traditional energy,in recent years has been rapid development.Shanghai and Shenzhen stock market solar photovoltaic has become a hot plate,the ups and downs of the photovoltaic industry,the development of listed companies not only with the industry's vigorous development,but also for investors to bring a lot of investment opportunities,but also inevitably there is investment risk,Especially the development of domestic photovoltaic enterprises over-reliance on policy support,investors are also very concerned about whether the photovoltaic industry has investment value.Based on the financial report of listed companies in PV industry from 2013 to 2015,this paper chooses the appropriate financial indicators to construct the investment value evaluation index system.The advantages and disadvantages and adaptability of principal component analysis and entropy method are analyzed,and the main exponential factors are analyzed by principal component analysis combined with two kinds of analysis methods.On this basis,to determine the main component of a comprehensive analysis of the target weight,combined with the photovoltaic industry listed companies in the stock price-earnings ratio,the investment value of the individual stocks to provide investors with a reasonable investment reference.The main conclusion of this paper is: in recent years,China's PV industry,the main business growth,financial performance has improved.Stock market PV plate average price-earnings ratio is higher,the traditional P / E evaluation of photovoltaic industry,the value of the investment of different listed companies is not reasonable,and through the comprehensive evaluation of financial indicators-comprehensive index revised after the comprehensive price-earnings ratio,the photovoltaic industry listed companies Value to make a reasonable evaluation.The results show that the composite price of Foster,CSG A,Dongfang Sunrise,Longji shares,Linyang Energy and Billion Crystal Optoelectronics has a relatively high investment value.