00438 IRICO NEWENERGY
- 3.330
- +0.040+1.22%
IRICO NEWENERGY News
The annual conference of the photovoltaic industry is approaching, with continuous improvement on both the supply and demand sides. These concept stocks are frequently researched.
The 2024 annual conference of the photovoltaic industry will be held in Yibin City, Sichuan Province from December 4th to 6th.
china securities co.,ltd.: The bottom of the photovoltaic industry is basically confirmed, and the incremental certainty of the power equipment network is strong.
In Q3, the new energy sector saw a sharp decline in construction projects on a month-on-month basis, while the lithium battery and photovoltaic sectors stabilized their income and profit at the bottom, with demand remaining stable and supply contracting. Although many links still face the reality of supply-demand imbalance, the gross margin levels of photovoltaics, lithium batteries, and wind power are at historically low levels, but the dawn has already appeared.
Chinese Solar Firms, Ever-nimble, Go Further Afield Where US Tariffs Don't Reach
Industry consolidation, price recovery in sight, Daiwa is bullish on the photovoltaic sector: It's time to position yourself!
Da Vinci stated that the call from the China Photovoltaic Industry Association to "anti-industrial chain collapse" is taking effect, with little room for further decline in the price of photovoltaic modules; the Ministry of Industry and Information Technology may introduce stricter policies on photovoltaic energy consumption in the future, which will further accelerate capacity integration within the industry, eliminate inefficient capacity, thus improving the production efficiency and profitability of the entire industry.
The USA ITC has officially launched a 337 investigation on TOPCon solar cell, module, panel, module, and downstream products.
On October 31, 2024, the United States International Trade Commission (ITC) voted to initiate a 337 investigation on specific TOPCon cecep solar energy cells, components, panels, modules, and downstream products.
Express News | Galaxy Securities: Focus on the layout opportunities on the left side of the green electricity sector.
Photovoltaic industry third quarter report inventory: Which enterprises recovered ahead of the industry? Five component factories profitable in Q3, while losses in the silicon material segment narrowed on a month-on-month basis.
①ATS, GCL System Integration Technology, JinkoSolar, and Hengdian Group DMEGC Magnetics continued to achieve positive net income in the first three quarters, with JA Solar Technology realizing a net income of 0.39 billion yuan in Q3, far exceeding market expectations; ②Continuous losses in the polycrystalline silicon and silicon wafer segments, with many leading companies facing the risk of their first annual performance loss after going public; ③Leading companies suggest industry consolidation through raising technical and quality standards to achieve industry self-regulation.
Hong Kong stocks concept tracking | Six departments issued documents to vigorously develop large-scale wind and solar bases construction, institutions bullish on the photovoltaic sector ushering in a cyclical reversal (with concept stocks)
On October 30, the National Development and Reform Commission and five other departments issued guidance on vigorously implementing the action of substituting renewable energy.
Zhitong Hong Kong Stock Early Access | Six departments accelerate the construction of large-scale wind power and photovoltaic bases. BYD Company (01211) third-quarter net profit attributable to shareholders was 11.607 billion yuan.
On October 30, Li Ka-shing and Li Zeju reduced their shareholding in Postal Savings Bank of China (01658) by 20.153 million shares, with a price of 4.6294 Hong Kong dollars per share, totaling approximately 93.2963 million Hong Kong dollars. The latest number of shares held after the reduction is approximately 1.186 billion shares, with the latest shareholding ratio at 5.97%.
Hong Kong stock concept tracking | The country vigorously implements wind power as a replacement for renewable energy with strong support from the government. Wind power companies are expected to see a turnaround in their predicament (with related concept
On October 30, the National Development and Reform Commission and other departments strongly support the comprehensive improvement of wind power supply capacity through the vigorous implementation of renewable energy substitution.
Is the turning point coming for the photovoltaic industry? Several component manufacturers claim that prices are following the market. Industry insiders are calling for production cuts.
①The rising trend of photovoltaic component manufacturers' product prices seems imminent, closely related to the initiative proposed by the China Photovoltaic Industry Association; ②Industry insiders believe that under the current situation of oversupply of equally high-quality and efficient product supply, leading companies need to adjust their shipment plans, control production loads, and avoid bidding below cost.
Express News | NDRC and five other departments: Speed up the construction of large-scale wind and photovoltaic bases focusing on deserts, Gobi, and barren areas.
Express News | Citic Sec: The photovoltaic industry association has issued a call to prevent internal roll-ins, and multiple bullish factors are expected to boost the investment value of the photovoltaic industry at a low point.
Special Report: Photovoltaic stocks surge again, xinte energy soars by over 20%! Institutions say the initial effects of the Photovoltaic Industry Association's initiative are beginning to show.
bocom intl points out that after severe losses, the industry has recently seen a strong call for supply-side reforms. The bank expects the government to introduce policies such as raising energy consumption standards to accelerate the industry's supply-side reduction, price recovery, and amplify the advantages of low energy consumption of silicon granules.
Express News | Central China Securities: The photovoltaic sector is at the low end of the valuation range of the big cycle, and there is an opportunity for oversold rebound in the industry.
How far is the photovoltaic industry from the new cycle?
In the context where the photovoltaic sector has already experienced a deep round of pullback, the short-term rebound in stock prices mainly reflects the capital game and the adjustment of future expectations. However, the short-term excess production capacity is difficult to be effectively consumed, and leading companies pursuing integrated development will also prolong the industry's bottoming time.
Mergers and acquisitions continue to be hot in the volatile market, looking for opportunities for secondary uptrend.
Track the entire lifecycle of the main sector.
irico newenergy [00438] is now trading at 4.14 Hong Kong dollars, with a rise of 10.40%.
As of 11:42, irico newenergy [00438] reported HK$4.14, up by HK$0.39 or 10.40% from the closing price of HK$3.75 yesterday, with a turnover of 1.2577 million Hong Kong dollars. The highest price today is HK$4.14 and the lowest price is HK$3.78. Based on the closing price from yesterday, the 10-day average price is HK$3.42 and the 50-day average price is HK$2.91. The current P/E ratio is -2.60 times, and the 14-day relative strength index is 57.41.
What is the market worried about? Hong Kong stock photovoltaic stocks continue to soar, while some individual stocks see a rise in short sell data.
①The US Department of Commerce is considering revoking the anti-dumping and countervailing duties on Chinese crystalline silicon photovoltaic cells. What impact might this have on the photovoltaic industry? ②What changes might the minimum cost price of 0.68 yuan/W issued by the China Photovoltaic Industry Association bring to industry competition and component prices? ③How do institutions view the current photovoltaic stocks?
Bullish news frequently emerges in the photovoltaic industry chain, and concept stocks have a big explosion! GCL Tech rose more than 18%, flat glass rose more than 15%.
Photovoltaic stocks rose again. As of the time of publication, flat glass rose by 15.05%, closing at 14.68 Hong Kong dollars; gcl tech rose by 18.88%, closing at 1.7 Hong Kong dollars; xinyi solar rose by 11.42%, closing at 4 Hong Kong dollars; xinte energy rose by 7.89%, closing at 9.03 Hong Kong dollars.
Analysis
Price Target
No Data
No Data