电力设备行业周报：光伏供给侧改革加速行业出清，海风或迎来抢装

Investment Rating - The industry rating is "Overweight" [2] Core Viewpoints - The photovoltaic sector is emphasized for its risk-reward ratio, with expectations for a bottoming out trend [2][8] - Wind power is seeing a significant increase in new installations, particularly in offshore wind, which is expected to benefit from upcoming tenders and construction [2][18] - The energy storage sector is experiencing high growth in shipments from leading companies, with a focus on the PCS segment [2][20] - The electric power equipment sector is expected to accelerate with the construction of smart grids, driven by regulatory support [2][23] - The humanoid robot sector is advancing towards industrialization, with potential for entering tier 1 supply chains [2][24] Summary by Sections Photovoltaic - The photovoltaic sector is expected to see a bottoming out with improved price stability and potential for upward movement in profitability [2][12] - Key companies such as Tongwei and Longi Green Energy are showing signs of recovery in stock performance, with significant weekly gains [8][9] - The market is reacting positively to calls for rational pricing in component bidding, which is expected to stabilize the sector [9][12] Wind Power - The wind power sector has seen a 42% year-on-year increase in new installations, with a total of 75.93 GW added in 2023 [18] - The upcoming international wind energy conference is expected to catalyze further developments in the offshore wind segment [18][19] - Investment recommendations include focusing on undervalued stocks and those benefiting from offshore wind projects [18] Energy Storage - Leading energy storage companies are reporting significant increases in shipments, with CATL and Tesla showing strong performance in Q3 [20] - The market for large-scale energy storage is rapidly developing, with traditional and emerging markets both contributing to growth [21] - Investment focus should be on the PCS and transformer segments, which are expected to benefit from increased demand [20][21] Electric Power Equipment - The National Energy Administration is soliciting suggestions for major breakthroughs in smart grid technology, indicating a push for accelerated development [23] - The construction of smart grids is anticipated to enhance the integration of renewable energy sources [23] - Companies involved in smart grid technology and equipment are expected to see increased investment opportunities [23] Humanoid Robots - The humanoid robot sector is witnessing accelerated industrialization, with companies like Tesla leading the way in technology development [24][25] - Strategic acquisitions and partnerships are being formed to enhance capabilities in the humanoid robotics space [24][26] - The focus is on developing key components and technologies that will support the growth of humanoid robots in various applications [26]