Investment Value Analysis Of Lised Companies In New Energy Industry

As the global climate gradually warms,the international community continues to take corresponding measures to address climate risks.China put forward the concept of "emission peak and carbon neutrality"at the 75th session of the United Nations General Assembly to elaborate on China’s active response to climate issues and solutions.The largest source of carbon emissions is energy consumption.To reduce carbon emissions,we must achieve energy transformation and build a green and low-carbon energy system.Based on this background,the Chinese government strongly supports the development of new energy,and a large amount of capital has poured into the new energy sector in the financial market,resulting in rapid development of the new energy industry.This paper objectively analyzes the investment value of listed companies in the new energy industry,provides investors with reference opinions on rational investment in terms of empirical research,and has certain practical significance for maintaining the stable and healthy development of the new energy industry.This paper conducts a fundamental analysis of listed companies in the new energy industry,starting with a qualitative analysis of macro factors and meso factors respectively,to explain that the new energy industry has investment value.Second,the quantitative analysis of listed companies in the new energy industry is based on 2020 annual report data,incorporating non-financial indicators of government support reflecting the characteristics of the new energy industry,and constructing a comprehensive evaluation index system for investment value.Factor analysis was conducted for listed companies with SPSS software,and further cluster analysis was conducted for companies with comprehensive scores greater than zero to complete a more detailed and comprehensive evaluation of investment value.Then,the results of the cluster analysis are compared with the P/E ranking to find the groups whose intrinsic value is significantly underestimated and determine the final investment range.Finally,this paper conducts an applied study using CoreTech as an example to illustrate the effectiveness of the investment value approach from the empirical results.The main conclusions of this paper are:(1)As the national policy has created a good development environment for the development of the new energy industry,the new energy industry is moving into high-quality development,and the new energy industry has investment value.(2)The results of the factor analysis show that the company’s earnings growth capability dominates the impact on the investment value of listed companies in the new energy industry.(3)By comparing the comprehensive score ranking with the P/E ratio ranking,it is concluded that the intrinsic value of 17 companies is significantly undervalued and the overall investment value is high.