一則傳聞，光伏ETF跌3%
光伏逆變器板塊大跌，固德威一度跌超11%，錦浪科技、陽光電源等個股也大幅下跌，光伏ETF跌3%。
消息面上，今天早上市場傳言：昨晚固德威一場交流會中，專家表示從運營端出貨看，四季度環比三季度下降。
從三季報看，光伏逆變器行業上市公司業績均實現上漲。固德威前三季度實現營業收入29.16億元，同比增長69.64%，歸母淨利潤2.75億元，同比增長27.90%。禾邁股份前三季度實現營收9.36億元，同比增長84.67%，淨利潤3.62億元，同比增長197.79%。
今年前三季度全國光伏發電共新增裝機52.6GW，同比增長106%，已接近2021年全年新增裝機量。其中，國內工商業分佈式光伏新增裝機量18.74GW，同比大增278%，佔光伏總新增裝機比重提升至36%。光伏產品的出口表現也超出預期，海關數據顯示，今年前9個月，太陽能電池累計出口29.55億個，同比增長23.3%，出口金額同比增加84.1%，實現量價齊升。
上週，光伏玻璃剛提價。根據卓創資訊，11月光伏玻璃新單開始提價，3.2mm/2.0mm鍍膜玻璃價格提至28元、21元/平米，四季度光伏玻璃行業龍頭有望迎來量價齊升。
民生證券稱此次光伏玻璃漲價是需求和成本雙因素共同驅動，玻璃企業在組件排產放量背景下，強勢漲價傳導成本漲幅。
需求端方面，隨着硅料產能釋放，硅料價格有下行趨勢，受益於硅料價格下探，近期國內集中式電站裝機起量，帶動了組件排產放量，使得對玻璃等輔材的需求增長。
成本端方面，隨着各地進入供暖季，天然氣價格有上調預期。燃料端成本增加，玻璃行業順勢上調產品價格傳導成本壓力，理論上只要玻璃調價漲幅大於成本漲幅，企業盈利有望修復。
公募基金三季度對光伏設備的倉位創2010年以來新高。
近期在基金經理交流會上，有基金經理認為光伏板塊需要警惕產能過剩和估值過高風險，風電板塊有比較大的滲透率提升空間;應注重板塊內部細分環節個股的alpha挖掘。
在三季報中，銀華基金李曉星稱硅料價格還在超預期上漲，國內外大型地面電站的開工率都不高，但歐洲能源價格飆升帶動分佈式光伏和户用儲能需求大超預期。往明年看，硅料的產能擴張會帶動產業鏈價格下行，雖然個別輔材階段性會出現緊缺的情況，但整體看供給端約束不大，量的邏輯會得到增強，硅料產能釋放後，展望明年會更加樂觀，但主產業鏈的盈利會重新分配，我們更看好新技術帶來的盈利溢價、受益於量增的輔材鏈以及下游綠電運營商。
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