Understanding the Market | Photovoltaic stocks' decline widened in the afternoon as the results of the mechanism electricity price bidding were released. Institutions claim that the photovoltaic installation capacity in the fourth quarter may significantly slow down

The decline of photovoltaic stocks expanded in the afternoon trading, with IRICO NEWENERGY down 5.16%, XINTE ENERGY down 3.73%, FLAT GLASS down 3.36%, and XINYI SOLAR down 2.63%. The Shandong Provincial Development and Reform Commission announced the bidding results for the 2025 new energy mechanism electricity prices, with the winning bid for photovoltaic at 0.225 yuan/kWh. Analysis indicates that the installed capacity of photovoltaics may significantly slow down in the fourth quarter due to policy-driven exit of backward production capacity, and the demand for installations in the second half of the year has been overdrawn, with expectations that the demand for polysilicon will continue to weaken