Featured in Fruits of our labour – 03-2021

Headwinds, or a healthy correction?

In the month of February, the solar industry witnessed a decline, writes Jesse Pichel of ROTH Capital Partners. Increasing prices throughout the supply chain and forced labor concerns from China spelled headwinds for the solar industry, but the decline can also be viewed as a healthy correction, following historic highs in January.

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pv magazine

09 Mar 2021

pv magazine

The Invesco Solar ETF (TAN), an exchange-traded fund that tracks solar and renewable energy companies, decreased 10.5% in February, while the S&P 500 and Dow Jones Industrial Average increased by 1.8% and 3.8%, respectively. Within the solar industry, the top five stock performers in the U.S. market for February were SolarEdge Technologies, Inc. (SEDG), Sunnova …

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