Tariffs ringing in 2019
Last year was obviously an extremely difficult year for solar stocks, but it could have been worse. Solar stocks were driven by three themes this year: China’s policy shift; strong U.S. demand; and the unfolding U.S.-China trade war.
The Guggenheim Solar ETF (TAN) decreased 20% YTD versus the S&P 500 and Dow that declined 2.8% and 2.5% respectively. Best performers in the U.S. YTD are Enphase (ENPH), Sunrun (RUN), Hanwha (HQCL), Vivint Solar (VSLR), and SolarEdge (SEDG) up 136%, 121%, 39%, 13%, and 2.1% respectively.YTD, polysilicon dropped 44% to $9.50/kg in December; mono …
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