电力设备行业动态点评报告：10月装机数据，光伏新增装机20.42GW，风电新增装机6.68GW

Investment Rating - The industry investment rating is "Recommended (Maintain)" [1] Core Viewpoints - The report highlights that the demand for new energy installations is expected to continue growing in the long term, with pressure on consumption likely to be alleviated through energy storage and virtual power plants [1] - In October 2024, the newly installed photovoltaic capacity reached 20.42 GW, maintaining high growth, with a total installed capacity of 790 million kW, representing a year-on-year increase of 48.0% [1] - The report notes that the newly installed wind power capacity in October 2024 was 6.68 GW, with a total installed capacity of approximately 490 million kW, reflecting a year-on-year increase of 20.3% [1] Summary by Relevant Sections Photovoltaic Sector - In October 2024, the newly installed photovoltaic capacity was 20.42 GW, with a year-on-year increase of 50% and a month-on-month decrease of 2% [1] - From January to October 2024, the domestic photovoltaic newly installed capacity was 181.30 GW, showing a year-on-year increase of 27% [1] Wind Power Sector - The newly installed wind power capacity in October 2024 was 6.68 GW, with a year-on-year increase of 74% and a month-on-month increase of 21% [1] - For the period from January to October 2024, the domestic wind power newly installed capacity was 45.80 GW, reflecting a year-on-year increase of 23% [1] Investment Trends - Power investment from January to October 2024 increased by 8.3% year-on-year, while grid investment rose by 20.7% year-on-year [1] - The cumulative average utilization hours for national power generation equipment were 2880 hours, a decrease of 128 hours compared to the same period last year [1] Company Recommendations - The report suggests focusing on leading photovoltaic companies such as Tongwei Co., Longi Green Energy, Trina Solar, Jinko Solar, and Canadian Solar, as well as companies with strong profitability in the inverter and energy storage segments like Sungrow Power Supply, Deye Technology, and Shuneng Electric [1]