--- title: "SpaceX's countdown to entering the NASDAQ has begun! JSG rose over 7%, and the lowest fee tier photovoltaic ETF China Universal (516290) surged nearly 3%. Space photovoltaic may become the second growth curve for photovoltaic demand" type: "News" locale: "en" url: "https://longbridge.com/en/news/291237863.md" description: "SpaceX is about to be included in the NASDAQ-100 index, driving the A-share photovoltaic sector and commercial aerospace concepts to become active. On June 30th, the photovoltaic ETF China Universal (516290) surged nearly 3%, with component stocks like JSG also rising. Data from the National Energy Administration shows that electricity consumption and generation in May increased year-on-year. The policy side intends to accelerate the elimination of inefficient capacity by raising the power standards for components. Dongxing Securities believes that in the second half of the year, high-cost and inefficient capacity will be accelerated to clear, alleviating the pressure of oversupply, and the competitive logic of the industry may shift towards technological research and development and quality upgrades" datetime: "2026-06-30T06:44:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291237863.md) - [en](https://longbridge.com/en/news/291237863.md) - [zh-HK](https://longbridge.com/zh-HK/news/291237863.md) --- # SpaceX's countdown to entering the NASDAQ has begun! JSG rose over 7%, and the lowest fee tier photovoltaic ETF China Universal (516290) surged nearly 3%. Space photovoltaic may become the second growth curve for photovoltaic demand On June 30, the A-share market fluctuated upward, with the photovoltaic sector surging and the commercial aerospace concept heating up! As of 14:22, **the photovoltaic ETF China Universal (516290) with the lowest fee rate surged nearly 3%,** aiming for two consecutive gains. It is reported that before the market opens on July 7 in the Eastern U.S., **SpaceX will be included in the NASDAQ-100 Index (NDX)!** The component stocks of the photovoltaic ETF China Universal (516290) showed mixed performance, with JSG rising over 7%, Maiwei Co., Ltd. and Dier Laser rising over 6%, Robotech rising over 4%, LONGi Green Energy and TCL Zhonghuan rising over 2%, while Sungrow Power Supply and others followed suit, and TBEA and Three Gorges Energy experienced pullbacks. **【Top ten component stocks of the photovoltaic ETF China Universal (516290)】** In terms of industry news, according to data released by the National Energy Administration, in May 2026, the total electricity consumption of society reached 867.1 billion kWh, a year-on-year increase of 6.9%. From January to May, the cumulative electricity consumption of society was 4,201.8 billion kWh, a year-on-year increase of 5.7%. From the perspective of power generation, **in May, the power generation of large-scale industrial enterprises was 784.3 billion kWh, a year-on-year increase of 4.2%, and from January to May, the power generation of large-scale industrial enterprises was 3,912.9 billion kWh, a year-on-year increase of 3.6%, with accelerated growth in solar power generation.** In terms of policy, relevant departments recently released a draft for public consultation on "Photovoltaic Product Classification Part 1: Photovoltaic Modules." **The draft submitted for approval by relevant departments further raises the power segment of components previously classified by national standards, and may accelerate the clearance of long-tail low-efficiency photovoltaic component capacity through methods such as limiting bidding segments.** **【From a supply-demand perspective, global demand is experiencing phase fluctuations, awaiting supply-side clearance】** Dongxing Securities pointed out that the photovoltaic industry is still deeply trapped in a low-price competition quagmire in the first half of this year. From a long-term perspective, the key to breaking the deadlock lies in a complete transformation of the competitive logic of the industry, guiding the main line of industry competition from price wars to cutting-edge technology research and development, product quality upgrades, and differentiated solutions. Looking ahead to the second half of the year, the cash flow pressure caused by continuous losses across the industry will force high-cost, low-efficiency capacity to accelerate market clearance, and the pressure of market supply surplus is expected to marginally ease At the same time, the differentiated value of N-type high-efficiency battery products continues to be released, and the quality and export standards of the supporting industry are constantly improving. The competitive model that solely relies on low prices to seize market share will gradually recede. The focus of industrial competition is shifting towards technological iteration and integrated cost control. After reaching a bottom, the industry's profitability is expected to gradually open up a recovery window. **\[From a growth perspective, long-term space photovoltaics may become the second growth curve for industry demand\]** Compared to traditional ground data centers, space data centers rely on space-based photovoltaics for energy supply, capable of receiving solar radiation around the clock, with high photoelectric conversion efficiency and no geographical constraints. Previously, the demand for space photovoltaics was mainly for satellite solar wings. With the continuous increase in single-star power levels, the area for solar wings has also expanded. Although the current market base is small, the expansion speed has significantly accelerated. Once the space-based computing power blueprint is implemented, the space photovoltaic market is expected to grow into a trillion-level track. In June 2026, SpaceX landed on NASDAQ, raising approximately $75 billion for the expansion of AI business, rocket launches, and satellite infrastructure. Currently, the industry's technological iteration and application exploration are continuously advancing, and the pace of commercialization is accelerating. Space photovoltaics are expected to transition from concept validation to an explosive development period. (Source: Dongxing Securities 20260618 "Photovoltaic Industry Mid-term Outlook 2026: Energy Transition Creates Strong Demand for Energy Storage, Space Photovoltaics Open Growth Space") **\[From a technological perspective, TOPCon's continuous technological iteration shapes the industry's power curve\]** Huayuan Securities points out that TOPCon's continuous technological iteration shapes the industry's power curve and may accelerate the clearance of long-tail production capacity. TOPCon, which has completed edge passivation + Poly Finger transformation, can meet the current B-level standards. (1) Leading photovoltaic integrated enterprises continuously explore the upper limit of battery conversion efficiency through continuous technological iteration. TOPCon 2.0 undergoes edge passivation technology and Poly Finger technology transformations, with power increased to 635-645W. TOPCon 3.0 further adds multi-finger technology, stacking, and busbar back-folding technologies, with component power increased to 645-655W. Products that meet the B segment requirements of the Ministry of Industry and Information Technology's energy efficiency level scheme must be at least TOPCon 2.0, while C segment products must have completed transformations such as LECO. The tail-end production capacity is facing clearance, with PERC transformed TOPCon capacity (approximately 100GW) + outdated TOPCon capacity in the industry expected to face clearance, benefiting leading high-power components. (Source: Huayuan Securities 20260621 "May Electricity Consumption Continues High Growth, Attention to Small Modular Reactors (SMR) and Photovoltaic High-Power Component Development Opportunities") Against the backdrop of government-enterprise collaboration to "counter involution," accelerated iteration of new technologies, and increased emphasis on energy security, the photovoltaic industry is expected to welcome fundamental recovery. Coupled with hot catalysts such as space photovoltaics and computing power synergy, the sector's sentiment is likely to reach an inflection point, with new growth curves expected in the medium to long term. **We are optimistic about the photovoltaic sector showing clear signals of reversing difficulties, and recommend the photovoltaic ETF with the lowest fee rate, Huatai-PineBridge (516290). For those without a securities account, you can pay attention to the linked funds (A: 024059, C: 024060), supporting 7\*24h subscriptions!** Risk Warning: Funds carry risks, and investment should be cautious. Past performance of the fund does not indicate future performance, and the performance of other funds managed by the fund manager does not guarantee the performance of this fund. The fund manager manages and utilizes the fund's assets in accordance with the principles of diligence, honesty, and prudence, but does not guarantee that investment in this fund will yield profits, nor does it guarantee a minimum return. Investors should carefully read the "Fund Contract," "Prospectus," and other legal documents to understand product information in detail. The photovoltaic ETF Huatai-PineBridge (516290) belongs to a higher risk level (R4) product, suitable for investors whose risk level assessment results are aggressive (C4) or above. For customer-product risk level matching rules, please refer to the Huatai-PineBridge official website. The underlying index may not fully represent the entire stock market. The average return rate of the underlying index constituents may deviate from the average return rate of the entire stock market. Investors should pay attention to the risks of index investment and the holding risks of concentrated investments in index constituent stocks, as well as the risks associated with certain index constituent stocks having larger weights and higher concentration. When applying for subscriptions through distribution agencies, the risk rating rules of the distribution agency shall prevail. This product is issued and managed by Huatai-PineBridge Fund Management Co., Ltd., and the distribution agency does not bear the responsibility for investment, redemption, and risk management of the product. When investors subscribe/redeem ETF fund shares, the subscription and redemption agent broker may charge a commission of no more than 0.50%, which includes relevant fees charged by the stock exchange, registration agency, etc. For the sales fees of other funds, please refer to the corresponding fund's prospectus, product summary, and other legal documents ### Related Stocks - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [300316.CN](https://longbridge.com/en/quote/300316.CN.md) - [516290.CN](https://longbridge.com/en/quote/516290.CN.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QYLD.US](https://longbridge.com/en/quote/QYLD.US.md) - [JEPQ.US](https://longbridge.com/en/quote/JEPQ.US.md) - [QQQI.US](https://longbridge.com/en/quote/QQQI.US.md) - [300751.CN](https://longbridge.com/en/quote/300751.CN.md) - [300776.CN](https://longbridge.com/en/quote/300776.CN.md) - [300757.CN](https://longbridge.com/en/quote/300757.CN.md) - [601012.CN](https://longbridge.com/en/quote/601012.CN.md) - [002129.CN](https://longbridge.com/en/quote/002129.CN.md) - [300274.CN](https://longbridge.com/en/quote/300274.CN.md) - [600089.CN](https://longbridge.com/en/quote/600089.CN.md) - [600905.CN](https://longbridge.com/en/quote/600905.CN.md) - [601198.CN](https://longbridge.com/en/quote/601198.CN.md) ## Related News & Research - ['Prof G' Scott Galloway Says Morgan Stanley's $300 SPCX Target Is the Stuff of 'Romantic Comedies'](https://longbridge.com/en/news/293961855.md) - ['Buy' SpaceX Stock as Its AI Opportunity Is 'Virtually for Free,' Says Top Analyst](https://longbridge.com/en/news/293480358.md) - ['Don't Expect More Miracles,' Says Investor About SpaceX Stock](https://longbridge.com/en/news/293529763.md) - [Elon Musk's Starship Tries Again Today After Engine Abort, Weather Scrub: What Prediction Markets Say About Flight 13](https://longbridge.com/en/news/293772057.md) - [Elon Musk reveals SpaceX performed secret Starship test on Flight 13](https://longbridge.com/en/news/293954705.md)