Shock and challenge
In the month of April, the Invesco Solar ETF underperformed relative to the S&P 500 and Dow Jones Industrial Average, registering a 14.5% decline. Jesse Pichel of ROTH Capital Partners says this is primarily due to the impacts of the latest anti-circumvention case in the United States.
The Invesco Solar ETF (TAN) decreased 14.5%, while the S&P 500 fell by 5.7% and the Dow Jones Industrial Average fell by 2.5% in the month of April. The top-performing solar stocks in the US market include JinkoSolar Holding (7.6%), Daqo New Energy (-0.1%), Atlantica Sustainable Infrastructure (-9.9%), First Solar (-13.6%), and Applied Materials (-14.4%). …
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