Awaiting intervention
In May, the Invesco Solar ETF (TAN) jumped 11.0%, while the S&P 500 increased by 0.6% and the Dow Jones Industrial Average rose by 0.7%. Jesse Pichel of ROTH Capital Partners sees the impacts of the current anti-circumvention case in the United States as the main reason why solar outperformed broader markets.
The top five performing solar stocks in the US market include Array Technologies (69.8%), Sunrun. (32.3%), Sunnova Energy International (18.5%), Enphase Energy (17.1%), and Generac Holdings (16.8%).Utility-scale players in the US are still trying to figure things out. Some module vendors are willing to take on the tariff risk, but are trying to charge $0.55/W …
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