Sou Hu Cai Jing·2025-10-29 02:32Core Viewpoint - The photovoltaic sector is experiencing a strong performance in the market, with significant gains in stock prices for key companies and related ETFs, despite a decline in overall industry scale due to falling product prices [1][2]. Group 1: Stock Performance - Key photovoltaic stocks have shown strong gains, with Sungrow Power increasing over 8%, LONGi Green Energy rising over 6%, and TBEA gaining over 5% [1]. - Related photovoltaic ETFs have also performed well, with an average increase of over 3% [1]. Group 2: Industry Trends - In 2024, the photovoltaic industry is expected to experience a "dual climate" of growth in production capacity and output, but a decline in overall industry scale due to falling product prices [2]. - The global photovoltaic industry scale is projected to be $273.08 billion, reflecting a year-on-year decrease of 20.5% [2]. - The global new installed capacity for photovoltaics is expected to reach 451.9 GW in 2024, representing a year-on-year growth of 30.8%, with China contributing 277.6 GW, the largest share globally [2]. - The industry is anticipated to benefit from increasing energy demand, decreasing manufacturing costs, and continuous technological advancements, leading to improved efficiency in photovoltaic cells and components [2].