[Hot Topic] Perovskite Battery Breakthrough Ignites Photovoltaic Revolution, Is a New Trend Coming?
On November 11, perovskite battery concept stocks collectively strengthened. As of press time, $Jolywood(300393.SZ) rose 20%, $GCLSI(002506.SZ), $JINCHEN MACHINERY(603396.SH), Canadian Solar (688472.SH), Maxeon Solar (300751.SZ), AXT (300706.SZ), and Zhongli Group (002309.SZ) all surged significantly.
On the news front, the research team led by Researcher You Jingbi from the Institute of Semiconductors, Chinese Academy of Sciences, has made significant progress in the field of perovskite solar cells. They developed a prototype perovskite solar cell device with a photoelectric conversion efficiency of 27.2% and significantly improved its operational stability, laying a key foundation for the industrial development of perovskite solar cells. The related research results were published online in the journal Science.
Industry insiders pointed out that this breakthrough has laid a key foundation for the industrial development of perovskite solar cells and is expected to accelerate the commercialization process of the new generation of photovoltaic technology. Related concept stocks showed collective movements.
Perovskite is a new technological path for photovoltaic cells, different from the currently popular crystalline silicon cells. As is well known, the core competitiveness of photovoltaic enterprises lies in continuously reducing costs and improving efficiency. Therefore, the main consideration for technological innovation in photovoltaic cells is the photoelectric conversion efficiency of the cells.
In recent years, continuous efforts have been made in academia and industry to break through bottlenecks. With the continuous improvement of perovskite battery technology, it is expected to significantly surpass the conversion efficiency of traditional crystalline silicon solar cells, and its future application potential may gradually be recognized by the market.
In addition to perovskite battery concept stocks, the overall performance of the photovoltaic sector was strong today, which may reflect the capital market's optimistic expectations for the anti-involution in the photovoltaic industry.
Since the beginning of this year, the "anti-involution" in the photovoltaic industry has intensified. The industry has carried out self-discipline production reduction actions, and various policies have been continuously introduced. This will help digest inventory, accelerate capacity clearance, and effectively promote the subsequent sustainable and healthy development of the industry.
Previously, the photovoltaic sector announced its third-quarter results, with overall strong performance. Daqo New Energy, which mainly produces silicon materials, achieved operating revenue of 1.773 billion yuan in the third quarter, a year-on-year increase of 24.75%; it achieved a net profit attributable to the parent company of 73.479 million yuan, ending the consecutive losses since the second quarter of 2024.
In addition, Flat Glass, which mainly produces photovoltaic glass, achieved revenue of 4.727 billion yuan in the third quarter, a year-on-year increase of 20.95% and a month-on-month increase of about 29%. It achieved a net profit attributable to the parent company of 376 million yuan, turning a year-on-year loss into a profit and a month-on-month increase of about 143%, exceeding expectations.
The quarter-on-quarter improvement in the performance of leading photovoltaic companies in the third quarter also reflects the initial results of anti-involution to some extent. With the continuous advancement of policies, disorderly competition in the industry will be effectively curbed, which will also be a long-term positive for the improvement of profitability and valuation of related photovoltaic companies.
On the demand side, the photovoltaic track is still "long slope and thick snow." Industry insiders generally believe that the general trend of global energy transformation will not change, the cost advantage of photovoltaic power generation is still obvious, and the long-term demand growth momentum for photovoltaics remains strong.
Recently, the International Energy Agency predicted that the total new global photovoltaic installed capacity in the next five years will be about 3.68 terawatts, accounting for nearly 80% of the new scale of renewable energy in the same period. By the end of 2030, renewable energy will become the largest source of electricity in the world, accounting for 43% of global power generation. Photovoltaic power generation will surpass hydropower to become the world's largest renewable energy source.
Analysis believes that solar energy will still be the main force in the global energy structure transformation, and the global photovoltaic industry is moving from a stage of rapid growth to a stage of rational development. This is beneficial to the prospects of the domestic photovoltaic industry chain.
After experiencing deep adjustments, the photovoltaic industry is ushering in new development opportunities driven by both technological innovation and supply-demand improvements.
Conclusion——
As a new type of photovoltaic technology, perovskite batteries have achieved significant technological breakthroughs in conversion efficiency and stability in recent years, injecting new momentum and hope into the sustainable development of the entire photovoltaic industry. However, in the capital market, such technological advancements are often easily regarded as speculative themes by some short-term funds, triggering irrational fluctuations in market sentiment. While paying attention to their long-term prospects, investors should also be wary of the valuation bubbles and potential risks brought about by concept speculation and make rational judgments on investment timing.
Author: Feiyu
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