Upwards spiralling
Solar stocks outperformed the broader market in June. Following SNEC — the largest solar conference in the world, in the largest solar market in the world — the Guggenheim Solar ETF (TAN) gained 9.1% vs. the S&P 500 and Dow, which increased 7.2% and 7.7%, respectively.
The top five performers in the U.S. stock market are SunPower (SPWR), Sunrun (RUN), Enphase (ENPH), Canadian Solar (CSIQ) and Vivint Solar (VLSR). They increased 39%, 18%, 16%, 16% and 12%, respectively. Stocks were driven by expectation of a trade deal ahead of President Xi and Trump’s G20 meeting, the outlook for a dovish Fed, …
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