The stock prices of companies in the photovoltaic industry chain experienced a significant surge on May 13. As of the latest updates, Ainengju saw an increase of over 19%, while Dayuan Energy and Dongfang Risheng both rose by more than 15%. Companies such as Tongwei Co., GCL-Poly Energy, and Oujing Technology reached their daily trading limits.
Guoxin Securities noted that the agreements reached during the recent US-China talks are highly favorable for companies in the electric new energy sector, particularly those involved in exports to the US. The sectors previously impacted by tariff policies include the power battery industry chain, photovoltaic inverters, energy storage batteries, AIDC equipment, grid equipment, consumer lithium batteries, and wind power components. These sectors are expected to see a recovery and acceleration in shipments to the US starting in May.
Additionally, the positive stance taken by both parties in high-level discussions is likely to enhance supply chain management for American clients in the future. Currently, the US accounts for approximately 10%-15% of global demand for power batteries, 30%-40% of the large energy storage market, 10% of the global photovoltaic market, and over 40% of the global AIDC equipment demand. It also represents more than 30% of the global demand for distribution grid equipment and is an important market for consumer lithium batteries and wind power components.
The successful outcome of these bilateral talks bodes well for the short-term and long-term development prospects of various sector companies. Key players include CATL, Cotera, and New Zhou Bang in the power and energy storage battery chains; Sungrow Power Supply and Shenghong Co. in photovoltaic inverters and energy storage integration; Megmeet, a supplier of AI server power, Jinpan Technology, a leader in AIDC transformers, Hehuang Electric in AIDC equipment, Igor in distribution transformers, Zhuhai Guanyu, a battery supplier for Apple, Haopeng Technology, a battery supplier for AI glasses, and Zhongji United, a leader in wind power lift systems.
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Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/surge-in-solar-industry-stocks-with-tongwei-and-gcl-poly-hitting-limit-up/
