Lackluster performance for US solar stocks
The Invesco Solar ETF (exchange-traded fund) TAN continued on its negative trajectory in October 2023, significantly under-performing relative to the S&P 500 and Dow Jones Industrial Average (DJIA). Jesse Pichel, of Roth Capital Partners, explores some of the latest developments in the US market.
The Invesco Solar ETF fell 19% for October 2023 and declined 42% year to date (YTD). The S&P 500 decreased 2% for October 2023 and increased 9.2% YTD. The DJIA decreased 1% during the month of October 2023 and decreased 0.5% YTD.The top three performing solar stocks in October 2023 were JinkoSolar Holding Co. (up …
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