Investment Rating - The solar industry maintains a "Synchronize with the Market" rating [1] Core Insights - The National Energy Administration reported that the new installed capacity of photovoltaic power in 2024 is expected to reach 277.17 GW, with the industry chain prices remaining stable [4][5] - The distributed photovoltaic power generation is projected to add 120 GW in 2024, accounting for 43% of the total new photovoltaic capacity [5] - The cumulative installed capacity of solar power in China is expected to reach 88.66 million kW by the end of 2024, up from 60.949 million kW at the end of 2023 [4] Price Tracking - The average price of multi-crystalline silicon is stable at 39.0 CNY/kg, while the average price of granular silicon is 36.0 CNY/kg [6] - The average price of 182mm bifacial PERC modules is 0.65 CNY/W, and the average price of 182mm TOPCon double-glass modules is 0.69 CNY/W, both remaining stable [8] - The average price of M10 battery cells is 0.33 CNY/W, with other battery cell prices also holding steady [7] Investment Recommendations - Key stocks recommended include Aiko Solar, Longi Green Energy, and others in the solar sector [9] - Companies to actively monitor include GCL-Poly, Tongwei, and JA Solar among others [9]
行业周报（20250120-20250126）：2024年光伏新增装机277.17GW，产业链价格持稳
Shanxi Securities·2025-01-27 08:00