On January 9, the A-share photovoltaic sector collectively **, according to wind statistics, AD shares, Ruihe shares, Fenghua shares, Jingshan light machine daily limit, Jinlang Technology, Jiayu shares rose by more than 10%, Yabo shares, Aixu shares, etc. have followed suit.
Since the end of December last year, the photovoltaic sector has ushered in a long-lost **. In the past half month, several PV equipment theme ETFs have risen significantly. Wind data shows that as of January 9, the PV 50 ETF range**777%, PV ETF and PV 30 ETF have risen by more than 8%.
From the perspective of the concept sector, during the above time period, the photovoltaic industry chain as a whole is rising, of which the concept of photovoltaic inverter has accumulated **958%；Concepts such as BC battery and HIT battery also rose by more than 6%;The TOPCon battery concept is a close second, with a total of **431%。
In the past two years, from the competition to the "overcapacity", the stock price of the photovoltaic sector has climbed to a high point, and the bottoming out has also made many investors begin to discuss whether the photovoltaic industry is about to come out of the "cold winter".
On the news side, on December 20, 2023, data from the National Energy Administration showed that in the first 11 months of that year, the new domestic photovoltaic installed capacity increased by nearly 150% year-on-year, exceeding market expectations. In addition, PV export data improved in November 2023, with a total of 93 inverter exports in the first 11 months of the year, according to data from the General Administration of Customs700 million US dollars, a year-on-year increase of 174%, of which 5 were exported in a single month in November$600 million, an increase of 12%, it is worth noting that this is the first time in the past six months that the inverter export data has turned positive month-on-month.
Or affected by this, the market sentiment gradually recovered. For the development of the new year, IFC** pointed out that the photovoltaic industry is expected to form a triple positive superposition of "low inventory + low raw materials** (low-price orders enter the executable range) + terminal demand recovery" in March and April 2024, which is expected to drive the output to rebound after the Spring Festival.
CITIC** said that under the market-oriented and endogenous drive of enterprises, it is expected that the leading manufacturers will continue to promote technological upgrading, increase efficiency and reduce costs, and further strengthen their competitiveness and consolidate their leading position during the industry reshuffle period. As the industrial chain inventory, ** and earnings fundamentals gradually bottom, the valuation of the sector that is currently at the bottom is expected to usher in mean reversion.
Reporter Chen Zhi Intern Reporter Huang Qinqin.