Caught in the crossfire
The Invesco Solar ETF, an exchange-traded fund that tracks the MAC Global Solar Energy Index, under-performed relative to the S&P 500 and the Dow Jones Industrial Average (DJIA) in March. Jesse Pichel, of Roth Capital Partners, attributes this to the worsening situation for US module imports from China.
The Invesco Solar ETF (TAN) decreased by 0.3% in March while the S&P 500 increased by 0.8% and the DJIA fell by 0.3%. The top five performing solar stocks in the US market include First Solar (23.7%), Daqo New Energy (12.1%), Canadian Solar (3.8%), Applied Materials (3.7%) and Array Technologies (-0.1%).The Invesco Solar ETF decreased …
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