Capital constraints
The Invesco Solar exchange-traded fund (ETF) TAN under-performed relative to the S&P 500 and the Dow Jones Industrial Average (DJIA) in August. Roth Capital Partners’ Jesse Pichel attributes this to pessimism around United States residential PV and rising interest rates, which are restricting access to capital for some.
The Invesco Solar ETF fell 13% in August and declined 20% for the year to date while the S&P 500 fell 2% for the month and rose 17%, year to date. The DJIA fell 3% during the month and rose 5% for the year to date. In the United States markets, the top three performing …
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