【Photovoltaic equipment sector surges】Today, the photovoltaic equipmen

Published: Feb 23, 2024 09:41

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【Photovoltaic equipment sector surges】Today, the photovoltaic equipment sector took the lead in the early trading and achieved eight consecutive rises. As of 9:40 am, it surged by 3.58%. Longi Green Energy Technology's stock rose by 15.51%, Xinyi Solar Holdings surged by 13.98%, GCL-Poly Energy Holdings surged by 10.67%, and SaJi Technology hit the limit-up, while Tongwei Co., Ltd. rose by 7.39%, with other stocks following the uptrend.

According to industry insiders, in the past week (February 15 to February 21), there has been a significant rebound in the production of components in the photovoltaic industry chain, especially noticeable at the component end. With the execution of previous orders and the prosperity of overseas markets, terminal demand may increase significantly. It is expected that component production in March will increase to above 50GW. The increase in production is mainly due to the substantial increase in component orders from Europe since February, with more centralized projects. In addition, there has been a noticeable increase in demand from South American households and recent weeks have seen a significant increase in demand for micro-inverters in Brazil.

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