政策组合拳激活绿电市场动能，绿色电力ETF(159625)连续6天净流入

Core Viewpoint - The green electricity market is experiencing increased momentum due to a combination of policies aimed at promoting renewable energy and the green power certificate market, leading to significant inflows into the green electricity ETF [1][4]. Group 1: Market Performance - As of March 26, 2025, the National Green Power Index has decreased by 0.21%, with mixed performance among constituent stocks [1]. - The green electricity ETF (159625) has seen a trading volume of 9.8558 million yuan, indicating a state of market tension between bulls and bears [1]. - The latest scale of the green electricity ETF has reached 307 million yuan, marking a one-year high, with the number of shares also hitting a one-year high at 273 million [4]. Group 2: Fund Inflows - The green electricity ETF has experienced continuous net inflows over the past six days, with a maximum single-day net inflow of 7.1112 million yuan, totaling 25.7241 million yuan [4]. - The ETF's price-to-earnings ratio (PE-TTM) is currently at 18.42, which is in the 9.14th percentile over the past three years, indicating that the valuation is lower than 90.86% of the time in the last three years, suggesting a historical low [4]. Group 3: Policy Impact - The National Development and Reform Commission and other departments have issued opinions to promote the high-quality development of the renewable energy green power certificate market, including mandatory consumption requirements for green certificates [4]. - The combination of policies is expected to activate market dynamics, with improvements in the green certificate system and the scaling up of rural photovoltaic projects driving new momentum in the industry [4].