“反内卷”破局显效，光伏行业加速迎来产能出清，深市最大的光伏ETF(159857)飙升涨超6%，冲击3连涨！

Core Viewpoint - The photovoltaic ETF (159857) has shown significant growth, with a 6.17% increase and a trading volume of 4.54 billion yuan, indicating active market participation and a positive outlook for the photovoltaic industry [3] Group 1: Market Performance - The photovoltaic ETF (159857) has achieved a year-to-date high, with a turnover rate of 18.74% and a one-year scale growth of 5.47 billion yuan [3] - Key stocks in the photovoltaic sector, such as Jinko Technology and Jinglong Technology, have seen substantial gains, with increases exceeding 15% [3] Group 2: Industry Developments - The Ministry of Industry and Information Technology and the State Administration for Market Regulation have released a plan aimed at promoting high-quality development in the photovoltaic sector, addressing issues of low-price competition [3] - Major polysilicon companies have initiated a sales restriction policy to stabilize prices, leading to a new upward trend in polysilicon prices, with the main contract reaching 53,675 yuan/ton [4] - There is a strong expectation of production cuts in the industry, with predictions of polysilicon prices stabilizing between 60,000 to 80,000 yuan/ton [4] Group 3: Institutional Insights - Institutions note that the photovoltaic industry is currently undervalued, presenting an opportunity for valuation recovery, especially in light of recent improvements in second-quarter performance [4] - Upcoming measures related to product pricing, mergers, and quality standards are expected to enhance the competitive landscape and optimize the industry chain [4] - The investment in national grid projects has reached 331.5 billion yuan in the first seven months of 2025, marking a 12.5% year-on-year increase, which supports the growth of photovoltaic and other renewable energy sectors [5]