Residential revision
Ahead of the RE+ renewable energy trade show in Las Vegas, solar investors and the industry are looking for signs of stability in a residential market which has experienced many bumps in the road. Residential stocks substantially under-performed utility-scale solar shares, and the broader market, in July 2023, says Jesse Pichel of Roth Capital Partners.
In July, the Invesco Solar ETF (exchange-traded fund) TAN, under-performed relative to the S&P 500 and Dow Jones Industrial Average (DJIA). The Invesco Solar ETF fell 4% for July and 6% for the year to date (YTD) while the S&P 500 rose 3% for July and increased 20% YTD. The DJIA rose 3% during July …
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