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Trending Industry Today: TIANNENG POWER Leads Losses In Electrical Equipment Stocks
[Brokerage Focus] Industrial Securities maintains a "Shareholding" rating for GCL TECH (03800), indicating that as preferential electricity prices in various provinces are gradually canceled, the cost advantage may expand.
Jinwu Financial News | According to the research report from Industrial Securities, by the end of 2024, GCL TECH (03800) will have a nominal capacity of 0.42 million tons for granular silicon, with future plans to establish overseas production capacity (possibly in the Middle East, USA, etc.). In 2024, the company's granular silicon production and shipment volumes are expected to be 0.2692 and 0.2819 million tons respectively, with year-on-year increases of +32% and +45%; GCL's N-type granular silicon has a high proportion and offers small discounts to benefit customers, achieving an inventory decrease against the backdrop of significant accumulation in the Industry in 2024. Granular silicon has low electricity consumption, leading to advantages in cost and carbon footprint; as preferential electricity prices in various provinces in the domestic market are gradually canceled, GCL is positioned favorably compared to its peers.
Some Photovoltaic Power stocks are under pressure, FLAT GLASS (06865) fell by 3.12%. Industry associations predict that this year's new photovoltaic installations may decline year-on-year.
Jinwu Financial News | Some Photovoltaic Power stocks are under pressure, SOLARGIGA (00757) fell by 3.85%, FLAT GLASS (06865) fell by 3.12%, XINYI SOLAR (00968) fell by 2.24%, XINTE ENERGY (01799) fell by 1.74%, and GCL TECH (03800) fell by 1.55%. On the news front, at the seminar reviewing the development of the Industry in 2024 and outlook for 2025, the China Photovoltaic Industry Association predicted that China's new installed capacity in Photovoltaic will reach 215-255 GW in 2025. In 2024, the new installed capacity in China will be 277.5.
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Hong Kong stock concept tracking | Leading photovoltaic module companies collectively raise prices, New energy Fund market entry accelerates or triggers a "rush to install" in photovoltaics (with related stocks included).
Recently, there have been rumors in the market that several leading domestic photovoltaic module companies collectively raised their component prices, with the increase being around a few cents per watt range, which was at one point interpreted by the industry as conveying a positive message of a bottom reversal.
Is there a "secret to grabbing goods" circulating in the photovoltaic circle? As the new projects fully enter the market, the prices of components from multiple brands in the Distribution Channel are increasing.
① Existing projects connected to the grid before May 31 can enjoy a price guarantee for electricity, while all incremental projects thereafter will be subject to market trading, which has triggered this wave of rush in photovoltaic installations; ② Under the influence of the new policy's rush for installation, the recent component utilization rate has increased, and the price in the Distribution Channel has risen by 2 to 5 cents per watt; ③ Component manufacturers state that they pursue "energy generation per unit area," and high-efficiency products are expected to deliver greater value.
