Dongxing Securities Co., Ltd. research report states that from 2025 to 2027, the reasonable consumption capacity of new energy will continue to improve, and the pressure of green electricity consumption will gradually ease. It is recommended to pay attention to national green electricity leading operators Longyuan Power H and Three Gorges Energy, as well as high-quality offshore wind development - ZMNY. In terms of improving the market mechanism for regulating resources, exploring the value of peak power generation from thermal power, flexibility value, and capacity value, it is recommended to focus on high-quality regional thermal power operators, WENERGY CO.,LTD and Shenergy. Regarding the promotion of new regulation capacity construction in various regions, it is recommended to pay attention to pumped storage - Nanfang Energy Storage and the flexibility transformation of thermal power - QINGDA ENVIRONMENT