--- title: "The SSE STAR New Energy ETF rose over 3.8%, as energy tensions accelerate the global green transition" type: "News" locale: "en" url: "https://longbridge.com/en/news/278662887.md" description: "The SSE STAR New Energy ETF rose over 3.8%, influenced by global energy tensions and the acceleration of the green transition. The situation in the Middle East is driving the development of new energy, with European new energy vehicle sales increasing by nearly 30% year-on-year. Demand for electric heavy trucks is growing, with an expected annual growth rate exceeding 30%. As of March 11, 2026, the SSE STAR New Energy Index rose by 4.05%, and the SSE STAR New Energy ETF increased by 3.85%, with the latest price at 1.76 yuan. This ETF closely tracks the new energy index, reflecting the performance of listed companies in fields such as photovoltaics, wind power, and new energy vehicles" datetime: "2026-03-11T05:14:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278662887.md) - [en](https://longbridge.com/en/news/278662887.md) - [zh-HK](https://longbridge.com/zh-HK/news/278662887.md) --- # The SSE STAR New Energy ETF rose over 3.8%, as energy tensions accelerate the global green transition On the news front, geopolitical tensions have triggered global energy strain, accelerating the global green transition. Institutions point out that the valuation of lithium batteries is returning to normal in resonance with the peak season. The recent energy tensions caused by the Middle East situation will accelerate the development of new energy, with positive demand for overseas power and energy storage. In February, the sales growth rate of new energy vehicles in Europe approached 30% year-on-year, driven by subsidies, new model launches, and rising energy prices, with an expected annual growth rate exceeding 30%. Household storage and distributed energy storage are also very prosperous. Meanwhile, leading companies' financial reports have exceeded expectations, reinforcing demand confidence. Currently, the sector's valuation is not high, with many battery and material valuations at 15-17x, and the expectations for domestic passenger vehicles have already been priced in. Electric heavy trucks are expected to exceed expectations this year, with subsidies remaining unchanged, battery capacity increasing by 30%, and demand sales growing by 30-40%. Materials have seen price and stock price adjustments during the off-season in January and February, and with the peak season approaching, the previously stocked inventory is gradually being consumed, likely leading to a new round of price increases. As of March 11, 2026, at 13:01, the SSE STAR New Energy Index (000692) surged by 4.05%, with constituent stocks such as Airo Energy rising by 15.63%, Canadian Solar rising by 9.92%, Wanrun New Energy rising by 9.41%, and stocks like GoodWe and Hemai also following suit. The SSE STAR New Energy ETF (588830) rose by 3.85%, aiming for a fifth consecutive increase. The latest price reported is 1.76 yuan. The SSE STAR New Energy ETF closely tracks the SSE STAR New Energy Index, which selects 50 large-cap listed companies in the fields of photovoltaics, wind power, and new energy vehicles from the STAR Market as index samples, reflecting the overall performance of representative new energy industry listed companies in the STAR Market. Data shows that as of February 27, 2026, the top ten weighted stocks in the SSE STAR New Energy Index (000692) are JinkoSolar, Trina Solar, Canadian Solar, Aotai, Juhua Materials, Xiamen Tungsten New Energy, Rongbai Technology, Daqo New Energy, Jiayuan Technology, and GoodWe, with the top ten weighted stocks accounting for a total of 45.42%. SSE STAR New Energy ETF (588830), linked funds (Class A 023075, Class C 023076, Class I 024157), ChiNext New Energy ETF Penghua (159261), Photovoltaic ETF Penghua (159863) ### Related Stocks - [589960.CN](https://longbridge.com/en/quote/589960.CN.md) - [000692.CN](https://longbridge.com/en/quote/000692.CN.md) - [588830.CN](https://longbridge.com/en/quote/588830.CN.md) - [588960.CN](https://longbridge.com/en/quote/588960.CN.md) ## Related News & Research - [Canada's Northland Power Q1 adjusted EBITDA up 18%, beats estimates](https://longbridge.com/en/news/286355373.md) - [Universal Digital Inc. Announces Termination of ETF Partnership Agreement | LFGMF Stock News](https://longbridge.com/en/news/286616540.md) - [3 energy stocks that are quietly becoming the trades of the year](https://longbridge.com/en/news/286790976.md) - [1 Rapidly Deteriorating ETF Screams That ‘Shop ‘Til You Drop’ Americans Have All But Keeled Over](https://longbridge.com/en/news/286429552.md) - [Peninsula Energy Limited's (ASX:PEN) Shift From Loss To Profit](https://longbridge.com/en/news/286824894.md)