Since the end of April, the photovoltaic index has been soaring, hitting a record high. The photovoltaic track continues to be hot, and the photovoltaic cell plate represented by tunnel oxidation passivation contact cell (TOPCON) and perovskite is on fire. The organization believes that with the rapid iteration of photovoltaic industry technology, battery and component enterprises that can achieve a relatively leading position can not only enjoy the excess premium bonus brought by new products, but also take the initiative in the competition for market share and benefit from this round of industrial transformation.
Demand is the core driving force
Wind data shows that on August 11th, the photovoltaic index hit a new high, achieving a four-day continuous increase. In fact, the photovoltaic index has soared since the end of April. Since July 11th, despite the overall shock adjustment of the A-share market, the photovoltaic index has continuously hit new highs, with a cumulative increase of 15.1% so far.
Deng Yongkang, chief analyst of the power equipment and new energy industry of Minsheng Securities, believes that the rising demand is the core driving force for this round of photovoltaic index increase. "The European energy crisis continues to ferment, the price of superimposed natural gas rises, and the demand for photovoltaic installed capacity is strong; The United States announced the cancellation of tariffs on components in Southeast Asia in the next two years, benefiting domestic component factories; China has launched a number of policies to promote the development of renewable energy, the scenery base project has continued to advance, and domestic demand has continued to improve. "
"The newly installed capacity will reach a new height this year" has become a knowledge in the industry. Hua Pengwei, chief analyst of CITIC Securities' power equipment and new energy industry, believes that due to the construction of domestic scenic bases and the promotion of distributed photovoltaics in the whole county, the industry demand is accelerating, and it is expected that the installed capacity of domestic photovoltaics will increase to 8GW in 222. In addition, Europe will accelerate the construction progress of photovoltaic projects, and the global installed capacity is expected to exceed 23GW in 222.
Deng Yongkang said: "At present, the photovoltaic industry is in the fast lane of development, and the downstream demand is rising. The middle and upstream manufacturers continue to reduce costs and increase efficiency through research and development, and the photovoltaic industry has great potential in the future."
the photovoltaic industry continues to be hot. how to lay out the investment? Li Hang, chief analyst of power equipment and new energy industry of Guohai Securities, pointed out that with the rapid iteration of photovoltaic industry technology, battery and component enterprises that can achieve a relatively leading position can not only enjoy the excess premium bonus brought by new products, but also take the initiative in the market share competition and benefit from this round of industrial transformation. It is suggested to pay attention to four types of enterprises: first, the leading pioneers who made great efforts to develop breakthroughs and master the commanding heights of new technologies in the early stage; Second, the head follower with profound technical accumulation, keeping up with technological progress and strong comprehensive strength; The third is the emerging battery component enterprises that focus on technological changes, achieve core results, and gradually emerge; Fourth, the upstream and downstream links and equipment auxiliary materials enterprises closely related to the new battery technology in the industrial chain.
Subdivision areas are concerned
A complete photovoltaic industrial chain includes upstream photovoltaic equipment, silicon materials and wafers, midstream battery cells, battery components and auxiliary materials, downstream EPC (general contracting of projects) and photovoltaic power station operation. Recently, photovoltaic cells represented by TOPCON, crystalline silicon heterojunction solar cells (HIJ) and perovskite have become hot targets of capital.
on August 11th, the intraday share price of Suzhou Gushan hit a record high of 19.56 yuan/share. TOPCON battery leader Jiejiawei once hit an intraday price of more than 148 yuan per share, a record high since this round of adjustment.
Li Hang said that frequent technical iteration is a prominent feature of the whole photovoltaic industry chain. The smooth upgrade of battery technology is expected to accelerate the replacement of traditional energy by photovoltaics, thus further opening up the space for industrial growth.
Zeng Biao, chief analyst of Zhongtai Securities electric power equipment and new energy industry, believes that the new battery technology has higher conversion efficiency, which can improve the power generation of downstream owners and has a significant product premium for the high-end market. Battery companies with first-Mover advantage are expected to get the dividends brought by new technologies first, and then bring profit elasticity to related enterprises.
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