Demanding developments
In February, the Invesco Solar ETF (TAN) decreased 4.6%, while the S&P 500 fell by 3.7% and the Dow Jones Industrial Average declined by 3%, writes Jesse Pichel of ROTH Capital Partners. The slip is due to high polysilicon prices, trade friction, and a call for increased policy support from European developers.
During February, the Invesco Solar ETF experienced a pullback largely attributed to overall market conditions, as well as sector specific developments such as (1) European developers calling on the EU to develop its solar supply chain strategy; (2) higher demand for polysilicon; and (3) expected friction in the US utility-scale solar segment due to the …
Advertisement
Advertisement
Advertisement
Advertisement