Photovoltaic stocks continued to decline recently. As of press time, Flat Glass (06865) fell by 5.48%, reporting HKD 10.7. Xinyi Solar (00968) fell by 5.51%, reporting HKD 3.43. Xinyi Glass (00868) fell by 3.19%, reporting HKD 7.88. Xinte Energy (01799) fell by 1.49%, reporting HKD 7.26.
According to the Zhidao Finance APP, photovoltaic stocks continued to decline recently. As of press time, Flat Glass (06865) fell by 5.48%, reporting HKD 10.7. Xinyi Solar (00968) fell by 5.51%, reporting HKD 3.43. Xinyi Glass (00868) fell by 3.19%, reporting HKD 7.88. Xinte Energy (01799) fell by 1.49%, reporting HKD 7.26.
Central China Securities stated that layoffs, work stoppages, and production stoppages have occurred in the photovoltaic industry, and the industry's excess production capacity is being phased out, and the photovoltaic industry chain prices are expected to hit bottom. However, it will take time to completely eliminate the backward production capacity in the photovoltaic industry to achieve supply-demand balance and reverse supply-demand. The valuation of the photovoltaic sector is at historical lows. In the short term, the photovoltaic sector is expected to rebound after overselling and repeated bottoming. In the medium term, it is recommended to focus on leading companies in subdivision fields such as photovoltaic glass, integrated component factories, polycrystalline silicon materials, perovskite battery equipment, and electronic silver paste.
Haitong Securities pointed out that after more than a year of decline, the valuation and performance of photovoltaic sector is at a historically low level. We believe that the current industry chain prices have reached the bottom, and Q2 is already the bottom of photovoltaic performance; we continue to believe that the bottom of industry volume and price has arrived, and the policy places a high emphasis on the healthy development of the industry, and turning point opportunities in the second half of the year should be taken seriously.