太阳能行业周报：六部门鼓励大力实施可再生能源替代行动，组件价格持稳

Investment Rating - The solar industry maintains a "Synchronize with the Market" rating, indicating expected performance in line with the benchmark index [4]. Core Insights - The report highlights the implementation of renewable energy substitution actions by six departments, aiming to enhance renewable energy supply capabilities and promote large-scale wind and solar power projects [1]. - The photovoltaic (PV) installed capacity in the first nine months of 2024 increased by 24.77% year-on-year, with stable module prices [2]. - The National Energy Administration reported that the newly installed grid capacity for PV in the first three quarters of 2024 reached 160.88 GW, with distributed generation accounting for 85.22 GW [3]. Summary by Sections Market Performance - In September, the PV utilization rate was reported at 97.9%, with an average utilization rate of 97.2% for the first nine months of 2024 [4]. - The report notes that the price of multi-crystalline silicon remains stable, with average prices reported at 40.0 CNY/kg for dense material and 36.5 CNY/kg for granular silicon [3][6]. Price Trends - The average price for 182mm bifacial PERC modules is 0.68 CNY/W, while 182mm TOPCon double-glass modules are priced at 0.71 CNY/W, both remaining stable [7]. - The report indicates that the price of M10 battery cells is 0.28 CNY/W, with no significant changes observed in the market [6]. Investment Recommendations - Key stocks recommended include: - 福莱特 (Flaite) - Buy - A - 隆基绿能 (LONGi Green Energy) - Buy - B - 爱旭股份 (Aiko Solar) - Buy - B - 阿特斯 (Canadian Solar) - Buy - A - 阳光电源 (Sungrow) - Buy - A - 德业股份 (Deye) - Buy - A [2][8].