Rising costs increase risk
The Invesco Solar ETF, an exchange-traded fund that tracks the MAC Global Solar Energy Index, underperformed relative to the S&P 500 and Dow Jones Industrial in October. Roth Capital’s Jesse Pichel attributes this to fear over cost increases, and a surge in the broader markets.
The Invesco Solar ETF (TAN) decreased by 3.2%, while the S&P 500 increased by 7.9% and the Dow Jones increased by 11.8% in the month of September. The top five performing solar stocks in the US market include: Applied Materials, Inc. (9.4%), Enphase Energy, Inc. (6.7%), Azure Power Global Limited (4.0%), Atlantica Sustainable Infrastructure plc …
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