Glonghui, March 11 | The new energy sector surged. As of 11:30, the Ningde Era and German Nano rose more than 13%, and the carbon-neutral ETF fund (159885) rose 4.39%. Since February 6, carbon-neutral ETF funds (159885) have risen by more than 17.8%. According to the news, Morgan Stanley released a report raising the rating of the Chinese battery giant Ningde Era to “overrated” and set a target price of 210 yuan. Ningde Times is the largest stock in carbon-neutral ETF funds, accounting for 14.74% of the latest holdings. From a valuation perspective, the China Securities Mainland Low Carbon Economy Themed Index tracked by carbon-neutral ETF funds is 15.56 times the latest price-earnings ratio (PE-TTM), which is at 6.6% in the past 5 years, and the valuation is low. The “2024 Report on the Work of the Government” states that the construction of ecological civilization will be strengthened and green and low-carbon development will be promoted. Deeply implement the concept that green water and green mountains are golden mountains and silver mountains, promote comprehensive ecological environment management, vigorously develop a green and low-carbon economy, and actively and steadily promote carbon neutrality at carbon peaks. The Ping An Securities Research Report points out that new energy is expected to usher in more vigorous development, new energy emerging technologies are expected to receive greater policy support, the industrialization process and demand level are expected to exceed expectations, and the relatively good supply pattern is expected to usher in an improvement in the supply and demand situation. i