Featured in Going global – 09-2022

Tracking the impacts

In the month of August, the Invesco Solar ETF underperformed relative to the S&P 500 and Dow Jones Industrial. Jesse Pichel of ROTH Capital Partners attributes this to uncertainty over the allocation of tariffs outlined in the US Inflation Reduction Act.

The Invesco Solar ETF (TAN) decreased by 0.9%, while the S&P 500 increased by 2.4%, and the Dow Jones Industrial Average increased by 2.6% in the month of August. The top five performing solar stocks in the US market include Sunworks (40.3%), Array Technologies (24.6%), SunPower Corp.(22.4%), Hannon Armstrong (16.6%). and First Solar (16.4%). With …

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