According to the Zhitong Finance APP, photovoltaic stocks rebounded in early trading, with GCL New Energy (00451) rising 4.71% to HKD 0.445; GCL Tech (03800) rising 4.48% to HKD 1.4; Xinyi Glass (00868) rising 3.38% to HKD 8.86; Xinyi Energy (03868) rising 2.65% to HKD 1.16; Xinte Energy (01799) rising 1.88% to HKD 8.69.

On the news front, the 17th (2024) International Photovoltaic and Smart Energy (Shanghai) Conference and Exhibition of the SNEC is held on June 13-15. According to the organizer's pre-show news, the number of participating companies in this year's exhibition is the highest in history, with more than 3,500 domestic and foreign exhibitors; the expected number of visitors is 500,000; and the expected number of academic experts is 5,000 or more. In addition, this year N-type technology has become the mainstream in the market, and leading companies are actively promoting new products.

Guotai Junan pointed out that with the joint efforts of the industry, the market, and the government, the development of the photovoltaic industry is expected to continue to develop in high-quality, and the expectation for the improvement of the supply-demand pattern is expected to strengthen. The current photovoltaic industry is already at the expected bottom. Following the improvement of supply and demand expectations and the stabilizing of industry chain prices at the bottom, the industry fundamentals are expected to improve marginally. Huaan Securities said that the price of the industrial chain is close to the bottom, and the signal of the bottom is gradually strengthening. The current position should not be pessimistic, and the bottom range may reflect the expectation of the bottom in advance.