Drags on demand for US residential
The Invesco Solar exchange traded fund (ETF) TAN significantly underperformed relative to the S&P 500 and the Dow Jones Industrial Average (DJIA) stock indexes in September. Jesse Pichel, of Roth Capital Partners, puts this down to oversupply in the United States residential sector.
The Invesco Solar ETF fell 11% for September and declined 29% year to date, while the S&P 500 fell 5% for September and rose 12% year to date. The DJIA decreased 4% during the month of September and increased 1% year to date.Within the United States markets, the top three performing solar stocks for September …
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