Flat or falling
Solar stocks underperformed the broader market in March. MTD, the Guggenheim Solar ETF (TAN) decreased 1.6% vs. the S&P 500 and Dow, which gained 1.7% and were flat respectively.
Our sources indicated flat / slight reduction in supply chain pricings for March, which could be driving the sector stocks down in this period. In China, domestic multicrystalline grade polysilicon was priced at $10.43/kg, down 4% compared with the February average of $10.89/kg.Monocrystalline grade polysilicon is now priced at $11.92/kg, multi & mono wafer pricings …
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