Trade war shadows all but solar
Solar stocks outperformed the broader market in August. The Guggenheim Solar ETF (TAN) increased by 2.0% vs. the S&P 500 and Dow that decreased 0.9% and 1.1% respectively. Canadian Solar (CSIQ), Azure Power (AZRE), First Solar (FSLR), SolarEdge (SEDG) and Enphase (ENPH) all delivered a strong Q2 and strong guidance for Q3.
A number of upstream solar company stocks in China and the U.S. increased on expectations for greater China demand in H2 2019. NEA is expected to release a list of solar projects that secured subsidies for 2019.The top five performers were SolarEdge (SEDG), Daqo New Energy (DQ), Enphase (ENPH), TerraForm Power (TERP) and Canadian Solar (CSIQ) …
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