光伏50ETF（159864）涨超1.6%，行业需求与技术突破引关注

Group 1 - The power equipment industry is benefiting from the global data center construction wave, with explosive growth in AIDC power equipment demand, particularly for leading companies in transformers and switchgear [1] - The photovoltaic industry is expected to improve its supply-demand dynamics under the "anti-involution" policy, with profitability in the silicon material segment likely to recover first; silver-free and low-silver pastes are seen as cost-reduction breakthroughs, with silver-free products expected to approach industrial-scale production by 2026 [1] - The domestic ultra-high voltage approvals and tenders are expected to accelerate by 2026, with a recovery in smart meter prices and strong growth in overseas business [1] Group 2 - The wind power industry is projected to maintain a 10%-20% growth in new installations by 2026, with offshore wind installations expected to reach 10-12 GW, benefiting companies in the submarine cable and pile segment [1] - Global energy storage demand is steadily increasing, with an expected installation of 404 GWh by 2026, representing a 38% year-on-year growth; domestic anti-involution policies are driving industry consolidation, and profitability is expected to bottom out and recover [1] - The photovoltaic 50ETF (159864) tracks the photovoltaic industry index (931151), which selects listed companies involved in the solar photovoltaic power generation industry chain, reflecting the overall performance and development trends of related listed companies in China [1]