Trickle down trouble
In the month of July, the Invesco Solar ETF, an ETF that tracks the MAC Global Solar Energy Index, underperformed relative to the S&P 500 and Dow Jones Industrial. Jesse Pichel of ROTH Capital Partners puts this largely down to high polysilicon prices.
The Invesco Solar ETF (TAN) increased 0.9%, while the S&P 500 increased by 4.7%, and the DJIA increased by 3.7% in July. The top five performing solar stocks in the US market are: Generac Holdings Inc. (13.9%), Applied Materials, Inc. (11.7%), Enphase Energy (8.3%), Array Technologies, Inc. (8%) and First Solar, Inc. (6.5%). With most …
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