Awaiting your demand
Strong results for the second quarter of 2019 buoyed solar companies’ stock market performance in July. And much ongoing positivity still hangs on the expectation of a third quarter rally from China. Jesse Pichel of ROTH Capital Partners looks at the situation for solar’s listed companies.
Solar stocks outperformed the broader market in July. The Guggenheim Solar ETF (TAN) gained 2.4% vs. the S&P 500 and Dow, which both increased ~0.5%. The top five performers in the U.S. stock market were Enphase (ENPH), Intevac (IVAC), Applied Materials (AMAT), TerraForm Power (TERP) and Azure Power (AZRE), with increases of 54%, 8%, 8%, …
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