Longi(SH:601012) Jin Rong Jie·2026-01-23 05:55Core Viewpoint - The solar photovoltaic sector in A-shares is experiencing a strong rally, with leading stocks like Longi Green Energy hitting the daily limit, indicating a robust market sentiment towards the sector [1]. Policy Developments - The National Energy Administration has approved a significant relaxation of distributed photovoltaic access policies, set to take effect on June 18, 2026, which will simplify the approval process and expand access for distributed solar power [2]. - The State Grid has confirmed a major investment plan for the 14th Five-Year Plan, targeting an annual increase of 20 million kilowatts in wind and solar energy installations, with a 40% growth in fixed asset investment [2]. - The Ministry of Commerce has decided to continue imposing anti-dumping duties on solar-grade polysilicon from the U.S. and South Korea for five more years starting January 14, 2026, to protect the domestic polysilicon industry [2]. - A joint initiative by five departments has launched a national action for zero-carbon factory construction, promoting the integration of solar and wind energy, with the first batch of benchmark zero-carbon factories to be selected by 2026 [2]. Industry Trends - The Ministry of Industry and Information Technology has outlined the governance direction for the photovoltaic industry in 2026, focusing on capacity regulation, price monitoring, and quality supervision to phase out outdated capacity and enhance industry standards [3]. - The photovoltaic equipment sector is expected to benefit from technological iterations and industry capacity optimization, with a shift towards N-type solar cells and perovskite tandem cells, driving demand for photovoltaic equipment [4]. - The energy storage sector is becoming a core beneficiary of the photovoltaic sector, with the integration of solar and storage becoming essential for project implementation, and the market for photovoltaic operation and maintenance expected to exceed 40 billion yuan by 2026 [4]. Emerging Opportunities - The space photovoltaic sector is gaining attention, with the recent approval of SpaceX's deployment of 7,500 second-generation Starlink satellites, which is projected to create a market space of nearly 200 billion yuan for low-orbit satellite photovoltaics [5]. - The logic of high value, inflation trends, and high barriers to entry in the space photovoltaic market is being recognized, positioning it as a strong focus for the electric new energy sector in 2026 [5].