Frequent good news in the photovoltaic industry, market enthusiasm quickly rebounds, pay attention to the photovoltaic ETF Guotai (159864)

On March 9th, the photovoltaic sector performed impressively, with the Guotai CSI Photovoltaic Industry ETF (159864) rising 1.77% in a single day, and the constituent stock JinkoSolar hitting the daily limit. Recently, there have been frequent positive developments in the photovoltaic industry, and market enthusiasm is rapidly warming up. On one hand, during the 2026 National Two Sessions, several representatives focused on the high-quality development of the photovoltaic industry, and the Ministry of Industry and Information Technology (MIIT) has clearly designated 2026 as the "Year of Tackling Governance in the Photovoltaic Industry"; on the other hand, at the beginning of March, MIIT and six other departments jointly issued the "Guiding Opinions on Promoting the Comprehensive Utilization of Photovoltaic Modules," directly addressing the upcoming "retirement wave" of modules, which is expected to give rise to a massive new track for the green circular economy in photovoltaics. Meanwhile, demand for space photovoltaic is expected to experience exponential growth. Elon Musk is betting on photovoltaic manufacturing to pave the way for orbital computing power and AI. Leading photovoltaic equipment manufacturers in China possess strong capabilities for efficient iteration and rapid response, and are expected to enter the supply chains of Tesla and SpaceX, opening up new growth spaces. Under the dual catalysts of "anti-involution" and "space photovoltaics," industry sentiment has significantly improved. Currently, the photovoltaic sector is at a significant turning point from "price war" to "value reconstruction." With the self-discipline of supply-side production limits and the accelerated elimination of outdated capacity, the trend of unilateral price decline in the industrial chain has begun to reverse, and some solar cell prices are showing signs of upward movement, with the profit expectations of leading companies with technical premiums being repaired. From a data perspective, the current price-to-book ratio of the CSI Photovoltaic Industry Index is still below the five-year median, and the price-to-earnings ratios of some core targets have fallen back to a reasonable range of 10 to 20 times, indicating a high margin of safety in valuation. As a quality tool for investing in this track, the Guotai CSI Photovoltaic Industry ETF (159864) comprehensively covers the upstream, midstream, and downstream of the photovoltaic industry chain. With the multiple resonance of policy bottom, valuation bottom, and profit bottom, the photovoltaic industry is expected to usher in a new round of high-quality development cycle. For investors optimistic about the long-term potential of the new energy track, the Guotai CSI Photovoltaic Industry ETF (159864) still possesses good medium to long-term allocation value. Investors can pay appropriate attention based on their own risk preferences and seize the opportunity of the industrial cycle reversal. Risk Warning: Investors should fully understand the differences between regular fixed investment in funds and zero-balance savings methods. Regular fixed investment is a simple and easy investment method that guides investors to make long-term investments and average investment costs. However, regular fixed investment cannot avoid the inherent risks of fund investment, cannot guarantee returns for investors, and is not an equivalent financial management method to replace savings. Whether it is stock ETFs/LOF funds, they all belong to securities investment fund varieties with relatively high expected risks and expected returns, and their expected returns and risk levels are higher than those of mixed funds, bond funds, and money market funds Investment in stocks on the Sci-Tech Innovation Board and the ChiNext Board may face unique risks due to differences in investment targets, market systems, and trading rules, which investors should be aware of. The short-term price fluctuations of sectors/funds listed are provided only as supplementary material for the analysis in the article and are for reference only, and do not constitute a guarantee of fund performance. The short-term performance of individual stocks mentioned in the text is for reference only and does not constitute a stock recommendation, nor does it constitute a prediction or guarantee of fund performance. Daily Economic News