Jinwu Financial News | Photovoltaic solar energy stocks are picking up. As of press release, Kamdank Solar (00712) rose 7.69%, Shuifa Industrial Energy (00750) rose more than 3%, Xinyi Solar (00968) rose 2.65%, Xinyi Glass (00868) rose 2.39%, and Follett Glass (06865) rose more than 1%.
According to the news, the Zhongtai Securities Research Report pointed out that the main contradiction in the development of the photovoltaic industry has changed from the demand side to the supply side. On the demand side, the installed capacity growth rate increased significantly in 2023 due to continued price cuts in the industrial chain to catalyze the release of demand, but expectations for the 2024 market growth rate are relatively conservative. Looking at the supply side, as a result, the volume of silicon materials has been boosted. 2023 will usher in a big year of capacity expansion. Under the mismatch between supply and demand, 2024 will usher in a round of capacity clearance process. In the short term, fundamentals have now reached a bottom-building stage. Follow-up attention to fundamentals will be followed by elasticity brought about by marginal changes. In the long run, enterprises with technological advantages and industrial chain layout advantages are expected to continue to lead the development of the industry.
Furthermore, according to Securities Daily, around the Spring Festival is the traditional low season for the photovoltaic industry, and module manufacturers often lower their operating rates. However, according to InfoLink data, in January of this year, the global PV module production schedule was 49 GW (42 GW in China), and the operating rate of module manufacturers was better than expected. The reporter learned that although the overall operating rate of component manufacturers in January exceeded expectations, the current operating rate of second- and third-tier companies is still low. According to the CITIC Construction Investment Research Report, the overall operating rate of the top 9 domestic component manufacturers in January was 68%, and the overall operating rate of other enterprises was 28%, that is, the operating rates of leading enterprises and second- and third-tier enterprises are clearly differentiated.