Strong finish
Stock price index: Solar stocks outperformed the market last month. The Guggenheim Solar ETF (TAN) increased 13.5% versus the S&P 500 and Russell 2000, up 1.9%, and 1.1% respectively.
The substantial gain was due to strong earnings from Daqo (DQ), SolarEdge (SEDG) and First Solar (FSLR), which increased 62%, 34%, and 27% respectively. Aside from strong earnings throughout the sector, there were three policy factors driving solar stocks: strong Chinese solar demand; China’s increased tariffs on polysilicon imported from South Korea, and better-than-feared trade tariffs …
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