绿电ETF（159669）涨超1%，连续5日迎资金净流入，市场关注电力价值重估

Core Viewpoint - Nomura Orient International Securities is optimistic about the investment opportunities in the power equipment industry in 2026, driven by domestic demand and overseas expansion [1] Domestic Demand - A super cycle of electricity investment is anticipated, with the State Grid's fixed asset investment expected to reach 4 trillion yuan during the 14th Five-Year Plan period (2026-2030), representing a 40% increase compared to the 13th Five-Year Plan [1] - The investment will focus on building a new type of power system [1] Overseas Demand - The industry is expected to benefit from a long-term overseas demand cycle, with significant growth in electricity load in the U.S. and pressures from aging power grids and AI data center construction [1] - Major European power companies are increasing their capital expenditure plans [1] - Domestic companies are likely to capture the spillover benefits from overseas demand due to shortages of raw materials and skilled labor faced by foreign power equipment firms [1] Energy Storage Growth - The company is optimistic about the unexpected growth in U.S. energy storage in 2026, which is beginning to enter a realizable phase [1] Green Power ETF - The Green Power ETF (159669) tracks the Green Power Index (399438), which selects listed companies involved in clean energy generation, including hydropower, wind power, solar power, and nuclear power, focusing on low-carbon attributes [1]