|Bid||37.80 x 1400|
|Ask||49.26 x 900|
|Day's Range||37.77 - 39.72|
|52 Week Range||22.73 - 41.86|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||32.27%|
|Beta (5Y Monthly)||1.27|
|Expense Ratio (net)||0.71%|
Job growth in the solar energy sector ticked higher in 2019—the first time in about three years—showing that the effects of import tariffs are starting to wane for solar energy. One major factor the article cited in determining whether the solar energy industry can continue its strength is trade.
Alternative energy companies, which sell or use everything from solar energy to hydrogen to electric batteries, aim to make a profit by transforming the way societies power themselves. This is happening amid rising global concern about climate change, and also amid longterm forecasts of dwindling fossil fuel supplies.
The month of January witnessed Middle-East tension, the coronavirus outbreak and the return of global growth worries, putting the spotlight on these ETFs.
Along with several other alternative energy ETFs, the Invesco Solar ETF (NYSEArca: TAN) was among last year’s best-performing ETFs and the solar fund can keep the good times going in 2020 thanks to an ...
There were a lot of bright spots in the markets during 2019, but energy couldn’t power its way through to higher gains compared to other sectors. However, as more initiatives towards clean energy become ...
It might be January with cold climate abound in most parts of the world, but it could be fun in the sun for solar energy investors throughout 2020 and beyond. As the world continues to move towards more energy sources that don’t rely on fossil fuels, solar is part of that ever-growing initiative. “Last year, SEIA (Solar Energy Industries Association) announced the 2020s would be the Solar+ Decade,” wrote Silvio Marcacci in Forbes “This year we are setting the wheels in motion.
Environmental, social and governance (ESG) is becoming an integral part of the investment space and as more investors clamor for funds that hone in on these initiatives, ETF providers are scrambling to give the people what they want. One of these areas is alternative energy, which will allow ETFs that center on wind and solar power to come into focus. "Coal and natural gas have been fighting for the top spot in the U.S. generation market for the last 20 years," wrote Charles Fishman in Morningstar.
Investors thinking alternative energy stocks would be a good play against escalating tensions in the oil-rich Middle East have only received partial confirmation of that conviction from the markets.
Climate change risks are becoming mainstream discussion while building portfolios by garnering attention from investment managers, investors and various financial institutions.
The Invesco Solar ETF (TAN) rose 5.3% so far in 2020 after advancing 58.3% over the past year. The outlook for the solar industry remains favorable as strong fundamentals could continue to back the sector, MarketWatch reports. “Global solar installations will continue double-digit growth rates into the new decade,” IHS Markit said in a recent note.
Last year was a great time to be involved with alternative energy equities and the related exchange traded funds. While plenty of diversified funds in the space rallied in considerable fashion, solar was particularly strong as highlighted by an annual gain of almost 67% for the Invesco Solar ETF (NYSE: TAN). “Global solar installations will continue double-digit growth rates into the new decade,” IHS Markit said in a recent note.
The solar energy industry has been growing rapidly even as fossil fuels remain the dominant form of energy. Companies considered to be solar-focused come from multiple sectors, including utilities, industrial, and energy and include popular stocks such as First Solar, Inc.
As there have been winners in many corners of the space, we highlight nine ETFs from different zones that have outperformed so far this year. These are expected to continue outperforming, provided the fundamentals remain intact.