The photovoltaic (PV) industry is showing signs of recovery, as indicated by the recent performance of the photovoltaic ETF (159857), which has seen a notable increase. On the morning of March 17, the PV sector index (931151.CSI) rose by 0.85%. Among related ETFs, the largest one in the Shenzhen market, the photovoltaic ETF (159857), increased by 0.78% with a transaction volume exceeding 85 million yuan and a turnover rate approaching 4%, demonstrating active trading. The premium rate stood at 0.02%, with frequent premium transactions observed throughout the day.
In terms of component stocks, Weidao Nano jumped by over 4%, while companies such as DeYee, Jingsheng Mechanical Electrical, GoodWe, and Aiko Solar all increased by more than 3%. Other stocks, including Hengdian East Magnetic, GCL-Poly Energy Holdings, and JA Solar Technology, also experienced gains.
The photovoltaic ETF (159857) closely tracks the CSI Photovoltaic Industry Index, which includes shares of publicly listed companies engaged in various sectors of the photovoltaic supply chain. The index selects up to 50 of the most representative companies to reflect the overall performance of the photovoltaic industry, providing new investment opportunities for investors.
Additionally, the photovoltaic ETF (159857) is complemented by off-exchange connecting funds (A: 011102; C: 011103). Recent reports suggest signs of recovery in the photovoltaic sector, reflected in the decisions of several publicly listed companies. Recently, multiple firms have announced investments to develop new photovoltaic power generation projects. For instance, on the evening of March 14, Shaoneng Co., Ltd. announced a plan to invest 59.89 million yuan in the construction of the fourth batch of its distributed photovoltaic power generation phase II project. Furthermore, Huayin Power disclosed plans to invest approximately 1.557 billion yuan in a photovoltaic power generation project.
Yuan Shuai, deputy secretary-general of the Zhongguancun Internet of Things Industry Alliance, stated that the recent investments by various companies in new photovoltaic projects indicate a growing confidence among photovoltaic enterprises in the sector. Industry insiders have noted that the introduction of relevant policy documents has also spurred rapid growth in the installation capacity of photovoltaic systems.
According to Dongguan Securities, following the issuance of a notice by the National Development and Reform Commission and the National Energy Administration regarding the market-oriented reform of new energy grid pricing and the promotion of high-quality development, distributed energy sources are expected to reach a peak in installation capacity due to the influence of this new policy on returns. Recent data from TrendForce indicates that a bullish sentiment has emerged in the module market, with the production of modules projected to fall within the 55-56 GW range for March, marking a month-on-month increase of approximately 30%.
Investors are advised to focus on leading photovoltaic companies that excel in scale, technology, and cost control capabilities. (This article reflects the views of licensed securities institutions and does not constitute any investment advice. Investors are encouraged to make independent judgments and decisions.)
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