Featured in The hunt for high efficiency – 06-2025

Revised risks

The Invesco Solar ETF (TAN) underperformed the S&P 500 and Dow Jones Industrial Average (DJIA) in April 2025. Jesse Pichel of Roth Capital Partners attributes this to concern over proposals included in the US administration’s budget reconciliation bill that could be detrimental to the solar industry.
Source: Roth Capital Partners

The Invesco Solar ETF decreased by 7.9% in April, while the S&P 500 fell by 1.1%. The DJIA was down 3.1%. The top three performing US solar stocks for the month of April were Stem Inc. (+60%), Complete Solaria Inc. (+25%), and FTC Solar Inc. (+16%).The three underperforming US solar stocks for April 2025 were …

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