Falling prices, rising demand
In January, the Invesco Solar ETF, an exchange-traded fund that tracks the MAC Global Solar Energy Index, outperformed relative to the S&P 500 and the Dow Jones Industrial Average. Roth Capital’s Jesse Pichel puts this down to big investments in US solar manufacturing and strong demand on both sides of the Atlantic.
The Invesco Solar ETF (TAN) increased by 9.0%, while the S&P 500 increased by 3.5% and the Dow Jones Industrial Average increased by 0.7% in the month of January. The top five performing solar stocks in the US market include: JinkoSolar Holding Co., Ltd. (38.6%), Canadian Solar Inc. (35.6%), Sunworks, Inc. (35.4%), Daqo New Energy …
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