This week, the photovoltaic index rose 8.58% and the wind power index rose 9.16%.
This week, the Shanghai Composite Index rose 2.76% and the Shenzhen Component Index rose 3.24%. The photovoltaic index rose 8.58% and the wind power index rose 9.16%. From the perspective of listed companies, the top five gainers of photovoltaic sector are Shanghai Aiko Solar Energy Co.Ltd(600732) (32.4%), Arctech Solar Holding Co.Ltd(688408) (30.0%), Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) (23.6%), Hengdian Group Dmegc Magnetics Co.Ltd(002056) (19.1%), Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) (17.8%); The top five gainers of wind power sector are: Dajin Heavy Industry Co.Ltd(002487) (24.9%), Zhejiang Windey Co.Ltd(300772) (19.9%), Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) (17.8%), Jinlei Technology Co.Ltd(300443) (16.7%), Titan Wind Energy (Suzhou) Co.Ltd(002531) (16.0%).
Chuan caizhou’s view.
The market recovered and green energy came out of the rebound trend. This week, the Shanghai Composite Index and Shenzhen Component Index rose, while the wind power and photovoltaic sectors rose significantly, showing a rebound trend. In the past two months, affected by the downturn of the market and the epidemic situation in some areas, the correction of the wind power photovoltaic sector has been obvious. However, China’s overall photovoltaic market has maintained a high prosperity trend with the support of policies. Under the demand of steady growth, provinces and cities have increased investment in green energy construction, and the overall green energy industry has grown steadily. In terms of export, according to pvinfolink data, China’s export of 1-3 moonlight volt modules this year doubled compared with the same period last year. The incremental space brought by the accelerated energy transformation of the overseas market, especially the EU, has boosted China’s photovoltaic industry. We expect that there is still a large upward space for the photovoltaic sector in the future.
Policies drive industrial development, and the industry maintains a high boom. On May 10, the development and Reform Commission of Guangxi Zhuang Autonomous Region and other departments issued the notice on printing and distributing the list of key tasks for Guangxi to revitalize the operation of industrial economy and promote high-quality industrial development in 2022, which mentioned that accelerating the construction of a number of major power projects and continuously improving the power supply capacity. A number of offshore wind power, onshore wind power and photovoltaic projects shall be allocated competitively, with a total allocation scale of no less than 10 million KW. Accelerate the construction and timely operation of a number of onshore wind power, photovoltaic power generation and supporting facilities projects. Under the current downward pressure of the economy, the support policies of provinces and cities for the new energy industry are particularly important. Driven by the policy, the wind power photovoltaic industry will continue to maintain a high outlook.
Industry dynamics.
On May 9, the Sichuan Provincial Development and Reform Commission and the Sichuan Provincial Energy Bureau issued the “14th five year plan” for renewable energy development in Sichuan Province, which proposed that new progress should be made in the high-quality development of renewable energy in 2025. During the 14th Five Year Plan period, the installed capacity of new hydropower is about 24 million KW, wind power is about 6 million KW, photovoltaic power generation is about 10 million KW, and biomass power generation is about 740000 kW; By the end of 2025, the installed capacity of hydropower is about 105 million KW, wind power is about 10 million KW, photovoltaic power generation is about 12 million KW, biomass power generation is about 1.75 million KW and geothermal power generation is 30000 kW.
Risk warning.
Macroeconomic growth is lower than expected, the risk of changes in emission reduction policies and the risk of fluctuations in raw material prices.
