Solar stocks sink after SPI
What happened in Salt Lake, didn’t stay in Salt Lake, as solar stocks underperformed the broader market in September. The Guggenheim Solar ETF (TAN) decreased 3.9% vs. the S&P 500 and Dow, which gained 1.7% and 1.9%, respectively.
Solar Power International was well attended by hundreds of investor groups. The TAN was flat during SPI 2017 and down 3% during SPI 2018, while it decreased more than 6% during this year’s event, wiping out gains from the first half of September.Several factors are responsible for stock declines during and after SPI, including a …
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