Featured in Awarding impactful innovators – 01-2020

New markets, renewed strength

It has been an exciting year for solar stocks. The Guggenheim Solar ETF (TAN) increased by 64% versus the S&P 500 and Dow, which gained 27% and 21%, respectively. The top-performing sectors were the inverter and module/cell segments, which grew by 168% and 78%, respectively.
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pv magazine
Table: pv magazine/ Roth Capital Partners

The top five stocks in the U.S. market were Enphase, SolarEdge, Jinko, Daqo, and Vivint Solar, gaining 444%, 162%, 118%, 108%, and 103%, respectively. In Europe, the top performers were centrotherm and SMA at 109% and 103%. Solar stocks were driven by several themes this year. One was China’s demand destruction, and its surprising replacement …

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