Musk Proposes Building 200GW PV Capacity in US, Tianhong CSI Photovoltaic Industry ETF (159857) Gains 1.21% in Morning Trading

NewTimeSpace News - As of 10:39 on February 2, 2026, the PV ETF (159857) gained 1.21%, with its latest price reaching 0.92 yuan. Looking at a longer timeframe, as of January 30, 2026, the ETF posted a cumulative gain of 1.12% over the past two weeks. (Stocks listed above are constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, the PV ETF recorded an intraday turnover rate of 6.48%, with trading volume reaching 150 million yuan. Looking at a longer timeframe, as of January 30, the average daily trading volume over the past week stood at 397 million yuan, ranking among the top 2 comparable funds.

On the size front, the PV ETF's assets under management grew by 64.1182 million yuan over the past week, achieving significant growth and ranking 1st out of 12 comparable funds. (Data source: Wind)

Regarding shares outstanding, the PV ETF's share count grew by 181 million units over the past week, achieving significant growth and ranking 1st out of 12 comparable funds. (Data source: Wind)

From a capital flow perspective, the PV ETF has seen continuous net capital inflows for the past 6 days, with the highest single-day net inflow reaching 74.7950 million yuan, accumulating to a total of 275 million yuan in attracted funds and an average daily net inflow of 45.9051 million yuan. (Data source: Wind)

Data shows that leveraged funds continue to build positions. The PV ETF recorded net margin purchases of 5.4086 million yuan on the previous trading day, with the latest margin financing balance standing at 84.3823 million yuan. (Data source: Wind)

As of January 30, the ETF's NAV has gained 50.15% over the past year, ranking among the top 3 comparable funds. In terms of return capability, as of January 30, 2026, since the ETF's inception, its highest monthly return reached 24.71%, with the longest consecutive winning streak lasting 5 months and generating a cumulative gain of 83.59%. The average monthly return during up months stands at 9.82%. As of January 30, 2026, the ETF's annualized excess return over its benchmark over the past two years reached 1.68%, ranking among the top 3/9 comparable funds.

As of January 30, 2026, the PV ETF's Sharpe ratio over the past year stood at 1.67, ranking among the top 3/10 comparable funds, indicating higher returns for equivalent risk.

Regarding drawdowns, as of January 30, 2026, the ETF's maximum year-to-date drawdown was 5.37%, with a relative drawdown against its benchmark of 0.10%.

On fees, the PV ETF's management fee rate is 0.50% and custodian fee rate is 0.10%.

In terms of tracking accuracy, as of January 30, 2026, the ETF's tracking error year-to-date stood at 0.009%, the highest tracking precision among comparable funds.

The PV ETF closely tracks the CSI PV Industry Index, which selects up to 50 of the most representative listed securities whose main businesses involve the upstream, midstream, and downstream segments of the photovoltaic industry chain as index constituents, aiming to reflect the overall performance of PV industry listed securities.

Guosheng Securities noted that Musk proposed that SpaceX and Tesla plan to build a total of 200GW of PV capacity in the US over the next three years (100GW each), primarily to power ground data centers and space AI satellites, creating explosive demand for PV cell equipment. The US lacks whole-line equipment capabilities for HJT and perovskite technologies, while Chinese companies have achieved global leadership in these areas and are well-positioned to benefit.

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