Signs of a strong second half
Solar stocks enjoyed another good month in July, writes ROTH Capital Partners Jesse Pichel. A major acquisition deal is driving investor confidence in the United States, new wafer capacity is coming online, and the temporary loss of some polysilicon manufacturing capacity is pushing prices up slightly.
Solar stocks outperformed the broader market in July. The Guggenheim Solar ETF (TAN) increased 27% vs. the S&P 500 and the Dow, which increased 4.9% and 3.4%, respectively. Year to date, the TAN gained 48% vs. the S&P 500, which increased 0.7%, and the Dow, which fell 6.5%. The top five solar stock performers in …
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