新能源电力行业周报：光伏组件交付高峰将至，风电项目建设持续推进

Investment Rating - The report does not explicitly state an investment rating for the industry, but it provides insights into market performance and stock movements within the photovoltaic and wind power sectors. Core Insights - The photovoltaic equipment sector saw a slight increase of 0.11% this week, underperforming the CSI 300 index by 0.87 percentage points. The wind power equipment sector increased by 0.14%, also underperforming the index by 0.84 percentage points [7][22]. - A meeting was held to address "involutionary" competition in the photovoltaic industry, aiming to stabilize component prices and improve profitability across the supply chain [8][15]. - The report highlights a significant increase in wind power installations, with a year-on-year growth of 41.40% in new installations from January to August 2024, indicating a robust market outlook [19]. Summary by Sections Photovoltaic Sector - A meeting on preventing "involutionary" competition was held, focusing on self-regulation and the need to stabilize bidding practices to enhance profitability [8][15]. - The report notes a divergence in battery production orders, with a peak in component deliveries expected by year-end. Prices for silicon materials remain stable, while silicon wafer prices are declining due to weak demand [9][16]. - Recommendations include focusing on companies like Fulete, which benefits from cost advantages and improved cash flow, positioning it well during industry capacity adjustments [17]. Wind Power Sector - The report indicates that onshore wind turbine bidding has increased, with an average bid price of approximately 2099.33 CNY/kW, suggesting a recovery in pricing trends [10][18]. - The offshore wind sector is also progressing, with multiple projects underway, indicating a reduction in previous constraints and a potential acceleration in domestic offshore wind construction [11][19]. - Companies like Daikin Heavy Industries and Oriental Cable are highlighted for their strong positions in the offshore wind market, with expectations of continued growth due to international project opportunities [20]. Market Performance - The photovoltaic equipment sector's top-performing stocks this week included Liancheng CNC and Suzhou Gode, while the worst performers were Hemai and Jinko Solar [22]. - The wind power sector's leading stocks were Shuangyi Technology and New Strong Union, with declines seen in Dongfang Cable and Tian Shun Wind Energy [22][24].