Who gets what?
The Invesco Solar ETF, an exchange-traded fund that tracks the MAC Global Solar Energy Index, outperformed relative to the S&P 500 and Dow Jones Industrial in September. Jesse Pichel of ROTH Capital Partners puts this down to continued expectations of support linked to the US Inflation Reduction Act.
The Invesco Solar ETF (TAN) increased 0.3%, while the S&P 500 decreased by 3.9% and the DJIA decreased by 4% in the month of September. The top five performing solar stocks in the US market include: Sunworks, Inc. (14.7%), Sunrun Inc. (13.0%), Enphase Energy, Inc. (11.7%), First Solar, Inc. (11.6%), and SolarEdge Technologies, Inc. (11.1%). …
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