中国银河证券研报表示，积极看待后续光伏行业短中长期发展。2024年1—9月国内新增装机量160.88GW，同增24.77%，仍能维持较高增速，全年需求预计仍有支撑；供给过剩导致全行业盈利极致承压，产业链价格或维持底部运行待出清结束；2024年半年报预期悲观预期充分体现，后续板块行情启动早于基本面触底反转，在2024年第四季度、2025上半年存在左侧布局机会，积极看待后续光伏行业短中长期发展。Photovoltaic stocks plunged in early trading. As of the time of publication, Xinte Energy (01799) fell by 5.22% to HKD 9.07; Xinyi Solar (00968) fell by 5.19% to HKD 3.47; Flat Glass (06865) fell by 4.97% to HKD 12.98; Fuyao Glass (03606) fell by 1.16% to HKD 55.3.
According to the Zhitong Finance APP, photovoltaic stocks plunged in early trading. As of the time of publication, Xinte Energy (01799) fell by 5.22% to HKD 9.07; Xinyi Solar (00968) fell by 5.19% to HKD 3.47; Flat Glass (06865) fell by 4.97% to HKD 12.98; Fuyao Glass (03606) fell by 1.16% to HKD 55.3.
On the news front, U.S. Republican presidential candidate Trump announced his victory in the 2024 presidential election. It is reported that John Paulson recently stated in an interview that if Trump wins and appoints him as the new U.S. Treasury Secretary, he will cooperate with Musk to significantly cut federal spending. This includes canceling green energy subsidies in the 'Inflation Reduction Act.'
A research report from China Galaxy Securities indicates a positive outlook on the future development of the photovoltaic industry. From January to September 2024, domestic newly installed capacity reached 160.88GW, an increase of 24.77% year-on-year, still maintaining a high growth rate with expected support for full-year demand; industry-wide profitability is under extreme pressure due to oversupply, industry chain prices are expected to remain at the bottom before clearing; the pessimistic expectations for the 2024 interim report highlight the opportunities for sector rotation earlier than the fundamentals bottoming out, with opportunities for accumulation in the fourth quarter of 2024 and the first half of 2025. A positive outlook is held for the future short, medium, and long-term development of the photovoltaic industry.
