As of 10:40 today, the PV index is strong**568%, once again leading the whole market, the reversal signal is becoming more and more obvious. In terms of constituent stocks, Maiwei shares, Junda shares, and Aiko shares rose by more than 7%.
On the news side, the end of the year is the traditional peak season for the installation of the photovoltaic industry, and the installed capacity and export data of the photovoltaic industry have exceeded expectations, and a number of data have turned positive month-on-month. From January to November this year, the installed capacity of solar power generation was about 5600 million kilowatts, a year-on-year increase of 499%, in a single month in November, China's new photovoltaic installed capacity was 2132GW, a year-on-year increase of 1854%, an increase of 565%, mainly stimulated by the rush at the end of the year. Affected by the accumulation of overseas inventories, China's solar cell (including module) exports were negative month-on-month for three consecutive months from August to October, while the month-on-month growth of exports was achieved in November, and there was some progress in the digestion of overseas inventories.
Looking ahead, the terminal demand of the PV industry will remain strong, and the short-term disruption factors will gradually improve during the year. In addition to the new installed capacity and export data just mentioned to return to positive growth, the overcapacity problem that the market is generally concerned about is also alleviating, the pace of clearing has accelerated recently, and the photovoltaic industry chain continues to bottom out. Brokerage believes that in view of the low overall valuation of the photovoltaic sector, the early market expectations tend to be pessimistic, any good may cause the market, the industry is less likely to continue to fall deeply, and the photovoltaic sector still has allocation value in the long run. We can focus on high-quality enterprises with deep moats and are expected to pass through the cycle through cost control and technological progress.
PV ETF (159857). The product has won 50 high-quality leading stocks in the upstream, midstream and downstream of the industrial chain.
The data is in the wind and the third quarter, the market is risky, and investment needs to be cautious.
*: Tianhong**.