太阳能行业周报：8月光伏新增装机同比增长2.9%，产业链下游价格承压

Investment Rating - The report maintains a "Buy" rating for several companies in the solar industry, including: - Arctech (688472.SH) - Buy - A - Sungrow (300274.SZ) - Buy - A - Deye (605117.SH) - Buy - A - LONGi Green Energy (601012.SH) - Buy - B - Aiko Solar (600732.SH) - Buy - B - Flat Glass Group (601865.SH) - Buy - A [2] Core Insights - The solar industry is expected to see a stable price environment for polysilicon, with prices remaining steady due to balanced supply and demand dynamics. The supply of polysilicon is projected to increase by approximately 4%, while the demand from downstream silicon wafer production is expected to decrease by about 13% [3][5]. - In August, the newly installed photovoltaic capacity in China grew by 2.9% year-on-year, with a total of 139.99 GW added from January to August 2024, representing a 23.7% increase compared to the previous year [3][5]. - The Ministry of Industry and Information Technology aims to achieve comprehensive coverage of photovoltaic industry standards by 2026, with over 60 new national and industry standards to be established [1]. Summary by Sections Market Performance - The solar industry has shown a year-on-year increase in newly installed capacity, with August 2024 seeing an addition of 16.46 GW, which is a 2.9% increase compared to the same month last year [3]. Price Tracking - Polysilicon prices have remained stable, with dense material averaging 40.0 CNY/kg and granular silicon at 36.5 CNY/kg. The price stability is attributed to a balanced supply and demand situation [3][5]. - The average price for 182mm monocrystalline silicon wafers is 1.25 CNY/piece, while the 182mm N-type wafers are priced at 1.08 CNY/piece, both remaining unchanged from the previous week [4][5]. Investment Recommendations - The report recommends focusing on high-quality integrated solar storage leaders such as Arctech, and companies like Sungrow and Deye for solar storage in the Asia-Pacific and Africa regions. It also highlights innovative solar technology firms like Aiko Solar and LONGi Green Energy, and stable companies in the photovoltaic glass sector like Flat Glass Group [6].