As of noon on March 6**, the photovoltaic industry index rose by 366%, among the constituent stocks, Trina Solar rose more than 8%; Follett rose more than 7%; Foster, Deye shares, Junda shares, and Sungrow power supply rose by more than 6%, and the photovoltaic sector ushered in a long-lost surge.
On the news side, the National Development and Reform Commission released the draft national economic and social development plan for 2024, which mentions that it will actively and steadily promote carbon peak and carbon neutrality. We will improve the carbon pricing mechanism, accelerate the construction of large-scale wind power and photovoltaic bases and the integrated development and construction of water, wind and solar energy in major river basins, promote the implementation of ultra-high voltage transmission projects such as Mengxi-Beijing-Tianjin-Hebei and Datong-Tianjin South, and start the construction of a number of coastal nuclear power units with mature conditions. In terms of overseas news, Trendforce released a report pointing out that the global installed PV capacity is expected to increase by 20% year-on-year to 468GW in 2024, which is expected to continue to exceed expectations.
Stimulated by the good news, the photovoltaic sector ushered in a long-lost intraday rally. At the beginning of this year, we have seen the trend of the stabilization and rebound of the photovoltaic industry chain, which has been stable and rebounded for three consecutive weeks, which is expected to accelerate the clearance of excess capacity in the industrial chain, and the competition pattern of the industry is expected to be gradually optimized, the concentration of leading enterprises is expected to increase, and the industry will enter a state of virtuous cycle development. After more than a year, the current valuation of the photovoltaic sector has been in a low position, and it is currently an excellent window period for the layout of the photovoltaic industry. Investors who want to lay out the photovoltaic sector can pay attention to the photovoltaic ETF (159857), the market is risky, and the investment needs to be cautious.