Featured in Battling the elements – 09-2025

Solar stocks rally

The Invesco Solar ETF (TAN) outperformed the S&P 500 and Dow Jones Industrial Average in July. Jesse Pichel of Roth Capital Partners attributes this to expedited project plans as developers in the United States adapt to the accelerated removal of incentives.

The peaks and drops of the “solar coaster” have been extreme over the last few months. With the passage of the OBBBA and related guidance, the industry now has a clearer framework. July 2025 saw US solar stocks outperform major indexes. The Invesco Solar ETF increased by 4.4% for the month, climbing against the the …

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