Featured in 2025 Unboxed – 02-2025

Policy will shape strategy

The Invesco Solar exchange-traded fund (ETF) rounded out 2024 with a double-digit decline in December but all eyes are on 2025 as investors await key decisions from the new US administration. Jesse Pichel, of Roth Capital Partners, explores the latest developments in the US solar market.

 The Invesco Solar ETF was down 10.1% in December 2024, underperforming the S&P 500 and Dow Jones Industrial Average indices, which declined by 2.5% and 5.3%, respectively.The top US-listed solar-related stocks for the month were Zeo Energy Corp., up 166%; FTC Solar Inc., which gained 75%; and Stem Inc., up 54%. The poorest performers were …

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