Solar stocks find no safe harbor
The Invesco Solar ETF (TAN) outperformed major indices in June, bolstered by strong performance from independent power producers (IPPs), but turbulence may lie ahead. Jesse Pichel of Roth Capital Partners warns US developers to watch for US Treasury announcements and move quickly to secure disappearing tax credits.
The Invesco Solar ETF increased by 5.9% in June, outperforming the S&P 500, which rose by 5.0%, and the Dow Jones Industrial Average, which edged up 4.3%. The top three performing solar stocks in the United States for the month were Fluence Energy Inc (+43%), Tigo Energy Inc. (+33%), and Complete Solaria Inc. (+32%).The three …
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