Featured in Fault lines – 11-2025

Solar gains but tariffs loom

September was a strong month for US solar stocks, with the Invesco Solar ETF (TAN) outperforming leading stock indexes. However, forthcoming action on polysilicon imports could increase cost pressures on solar developers, as Jesse Pichel of Roth Capital Partners explains.

By

pv magazine

03 Nov 2025

The Invesco Solar ETF gained 5% in September 2025, up against the S&P 500 and the Dow Jones Industrial Average, which gained 3.5% and 1.9% respectively. The top performing US solar stocks were Tigo Energy, up 79%, Fluence Energy Inc., up 46% and Canadian Solar Inc. which grew 33%. The three underperforming stocks were Zeo …

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