Confidence boost
The Invesco Solar ETF, an exchange-traded fund that tracks the MAC Global Solar Energy Index, outperformed the S&P 500 and Dow Jones Industrial Average in November. Roth Capital’s Jesse Pichel attributes this to strong earnings and confidence due to the US Inflation Reduction Act.
The Invesco Solar ETF (TAN) increased by 15%, while the S&P 500 increased by 1.6% and the Dow Jones increased by 2.7% in November. The top five solar stocks in the US market include Sunrun Inc. (38.8%), SolarEdge Technologies, Inc. (32.2%), SunPower Corp. (29.7%), Sunnova Energy International Inc. (25.6%) and First Solar, Inc. (25.6%). A …
Advertisement
Advertisement
Advertisement
Advertisement