The A-share market has recently seen a significant rebound in photovoltaic (PV) and energy storage stocks, with Sungrow Power standing out with a single-day increase of over 8%, driving the entire sector towards a strong recovery.
On July 16th, the A-share market experienced a robust rebound in the PV and energy storage sectors. Leading companies saw their stock prices surge, reflecting the market’s high confidence in the future of this field. Sungrow Power (300274) led the charge with an over 8% daily increase. Additionally, shares of Anci Technology, Maiwei Co., and AIRO Energy rose by more than 5%, indicating strong upward momentum.
Key players in the PV energy storage industry, such as GoodWe, Ginlong Technologies, Tongwei Co., Aiko Solar, and Foster, also followed suit, contributing to the sector’s strong performance. This rebound is driven by positive policy guidance, including the recent draft of the “Photovoltaic Manufacturing Industry Standard Conditions (2024 Edition)” from the Ministry of Industry and Information Technology. This draft encourages companies to focus on technological innovation and product quality improvement rather than merely expanding capacity. Improved market sentiment and industry fundamentals also support this growth.
As the global energy transition accelerates, the PV and energy storage sectors are seen as crucial components of the new energy landscape, with optimistic long-term development prospects. Despite short-term challenges and adjustments, technological progress, cost reductions, and policy support are expected to drive sustainable and healthy growth in the industry.
This strong rebound in the PV energy storage sector has not only delivered substantial returns to investors but also bolstered market confidence in the future of the new energy industry.