Strong Positive Signal in Photovoltaic Market

On October 14, the A stock market photovoltaic concept stocks rose strongly, up to the close, 10 enterprises intraday limit, 352 ushered in a rise, photovoltaic concept stocks rose 2.32% as a whole.

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At the close of trading, the top 10 companies were: Trina Solar, Jiantou Energy, Haitai Xineng, Huangshi Group, Jinjing Technology, Deli Shares, Bowei Alloy, Aixu shares, Yihua shares, Quartz shares. Trina Solar led the gains, up 11.09%.

On the face of it, President Biden recently temporarily waived all anti-dumping or countervailing duties on solar cells and modules assembled in Cambodia, Malaysia, Thailand or Vietnam using parts made in China. Mr. Biden said he would establish a 24-month solar import corridor to temporarily help U.S. solar companies purchase solar cells and modules from Cambodia, Malaysia, Thailand and Vietnam, ensuring an adequate supply of panels as U.S. manufacturing expands at home.

At present, Longji Green Energy, JinkoSolar, Trina Solar, JA Technology and other domestic mainstream component enterprises have GW-level production bases in Southeast Asia. This means that with the improvement of policy direction in the US, the world's third largest photovoltaic installed country, the export of photovoltaic module enterprises to the US is expected to reach a new record high.

It's worth noting that previously, the U.S. Department of Energy has said that significantly expanding U.S. photovoltaic manufacturing could alleviate global supply chain challenges and bring significant benefits to the climate as well as U.S. workers, employers, and the economy. In March, the Commerce Department announced investigations into Cambodia, Vietnam, Malaysia and Thailand to prevent Chinese PV companies from entering the market by assembling products in Southeast Asia to avoid tariffs. While raising trade barriers, the United States has proposed a financial subsidy program to expand local photovoltaic manufacturing capacity. However, the increase of production capacity is not overnight, and the production capacity of the local module enterprises in the United States is far from meeting the demand for new photovoltaic installations. According to a report by research firm Wood Mackenzie, photovoltaic installations in the U.S. fell 12% in the second quarter of 2022 compared with the same period last year, largely due to supply chain disruptions and policy restrictions.