Understanding the Market | Photovoltaic stocks widened their losses in the afternoon, with the main contract for polysilicon hitting the limit down. Declining project profitability may restrict new photovoltaic installations

Photovoltaic stocks expanded their decline in the afternoon, with IRICO NEWENERGY down 6.22%, XINYI GLASS down 4.76%, XINTE ENERGY down 2.1%, and FLAT GLASS down 1.28%. The main contract for polysilicon hit the limit down, and data from the National Energy Administration showed that the newly installed capacity for solar power generation in June decreased by 38% year-on-year. It is expected that the EU's newly installed solar capacity will be 64.2GW in 2025, a year-on-year decrease of 1.4%. Cathay Securities pointed out that the new policies for renewable energy will lead to increased uncertainty in future cash flows, which may prompt a decline in renewable energy installations