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On March 11, the new energy sector experienced a strong surge, with sub-sectors such as batteries, photovoltaic equipment, and energy storage collectively rising. As of 11:30 AM on March 11, the Guozheng New Energy Battery Index rose by 4.36%, and individual stocks in the sector performed remarkably well, with XiongTao Co., Ltd. (002733.SZ) and DeYe Co., Ltd. (605117.SH) hitting the daily limit, Sungrow Power Supply Co., Ltd. (300274.SZ) and JinLang Technology (300763.SZ) rising over 10%, and CATL (300750.SZ) briefly surpassing 400 yuan during trading. There are clear signs of capital switching to the new energy sector, with related ETF products such as E Fund Energy Storage Battery ETF (159566), E Fund Battery ETF (159175), and E Fund Sci-Tech New Energy ETF (589960) seeing active trading.
Capital is accelerating into the new energy sector, primarily supported by three core logical underpinnings, making it a key allocation direction in a volatile market:
First, energy security drives the strengthening of long-term logic. Under the disturbances in the US-Iran situation, the impetus for energy transformation has further increased. Even if the situation eases and oil and gas prices adjust, the long-term layout logic for solar storage, wind power, and power grids remains solid. From a safety perspective, centralized energy is easily targeted in conflicts, while distributed energy has low cost-effectiveness and no attack value. Countries are continuously increasing investments in distributed energy and wind-solar storage construction to ensure energy independence. On the demand side, developed countries like Australia and the UK continue to introduce household storage subsidy policies, and third-world countries are also vigorously promoting energy storage. Recently, household storage orders in the Middle East (such as Iraq) have seen a surge, further releasing industry demand potential.
Second, strong performance fundamentals dispel market concerns. Recently, industry leaders like CATL have released earnings forecasts that exceeded expectations, effectively alleviating market concerns about upstream resource price increases suppressing midstream profits. Currently, the energy storage industry chain remains highly prosperous, with some companies achieving record high production tasks in March. The combination of high industry prosperity and solid performance makes it particularly attractive in a volatile market; as the earnings disclosure period approaches, the new energy sector, supported by solid performance, is more likely to attract significant capital attention.
Third, there is room for the sector to catch up. Since the beginning of this year, the market has primarily focused on the two main lines of physical asset price increases and AI narratives. Due to the drag from upstream resource price increases, the new energy manufacturing segment has lagged behind, leaving ample upward space compared to other popular sectors, making it a preferred choice for capital reallocation.
Looking ahead, the upward space for the new energy sector is clear, and its allocation value continues to stand out. From the perspective of industry prosperity, the high prosperity of the energy storage industry is expected to last at least until the end of the year. The current surge in energy storage demand stems from peak-valley arbitrage and capacity pricing, leading to tangible profit improvements (with an IRR exceeding 10%). The government work report from the Two Sessions also clearly emphasizes strengthening the construction of new energy storage and places it alongside the construction of new power systems, highlighting the core position of energy storage;
From an annual perspective, domestic large-scale storage demand is expected to achieve more than double year-on-year growth, with a high degree of certainty in its prosperity.
In terms of valuation, after today's significant rise in the sector, although the industry valuation has moved away from the undervalued range, the margin of safety remains high. Furthermore, as the industry's high prosperity continues, there is potential for further upward revision of performance expectations. The dual boost from price increases and demand will further strengthen the allocation value of the sector.
To seize the opportunity of the new energy sector's rise, three core ETF products can be focused on, precisely covering different investment needs:
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Energy Storage Battery ETF E Fund (159566, Connect A/C: 021033/021034): Focuses on the core links of the energy storage industry chain, avoiding the poorly structured midstream component field, and emphasizes the weight of core beneficiary directions such as cell manufacturing, inverters, liquid cooling, and system integration. It is the largest energy storage-related ETF in the entire market, with the latest scale exceeding 4.6 billion yuan. On the morning of March 11, the trading volume exceeded 550 million yuan, showing an increase compared to the previous trading day, with ample liquidity.
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Battery ETF E Fund (159175): Covers the entire battery industry chain comprehensively. Currently, after the Spring Festival, the battery industry chain has fully entered the peak season of resumption of work and production, benefiting upstream and downstream enterprises as a whole, allowing for a one-click grasp of the overall recovery opportunity in the industry chain.
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Science and Technology Innovation New Energy ETF E Fund (589960): Focuses on leading enterprises in the new energy sector on the Science and Technology Innovation Board, covering fields such as photovoltaics, wind power, and new energy vehicles. Relying on the 20cm limit-up space of the Science and Technology Innovation Board, it has higher elasticity, suitable for investors seeking high-elasticity returns
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03750

300750

159566

159775

159156

159305

516160

On March 11th, the new energy sector experienced a strong surge, with sub-sectors such as batteries, photovoltaic equipment, and energy storage collectively rising, and the Guozheng New Energy Battery Index increased by 4.36%. Funds accelerated their inflow into the new energy sector, mainly supported by three key logics: energy security, strong performance fundamentals, and room for catch-up. Leading companies like CATL released better-than-expected earnings forecasts, alleviating market concerns about rising resource prices and attracting investor attention. Overall, the new energy sector demonstrates core allocation value in a volatile market

腾讯新闻 - 财经

CATL

E Fund CNI New Energy Battery ETF

CCB Principal Guozheng New Energy Vehicle Battery ETF

Wanjia CNI NEV Battery ETF

GF Fund CNI New Energy Battery ETF

China Southern CSI New Energy ETF

Capital accelerates layout in the new energy sector, highlighting long-term allocation value