TAN - Invesco Solar ETF
| Previous Close | 29.59 |
| Open | 29.86 |
| Bid | 30.18 x 900 |
| Ask | 30.18 x 1000 |
| Day's Range | 29.77 - 30.29 |
| 52 Week Range | 17.47 - 31.80 |
| Volume | 132,674 |
| Avg. Volume | 266,568 |
| Net Assets | 456.07M |
| NAV | 29.71 |
| PE Ratio (TTM) | N/A |
| Yield | 0.42% |
| YTD Return | 59.47% |
| Beta (3Y Monthly) | 1.36 |
| Expense Ratio (net) | 0.70% |
| Inception Date | 2008-04-15 |
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Getting technical: Solar stocks heating up — TAN, RUN, CSIQ
Joining Yahoo Finance's Myles Udland is Brian Shannon, CMT and founder of www.alphatrends.net, who breaks down the bullish action in the solar space.
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3 Charts That Suggest Solar Stocks Are Headed Lower
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3 Charts That Suggest It's Time to Buy Solar Stocks
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Hot Stocks Propel IPO, Solar Plays Well Ahead Of The Market
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How to get ‘filthy f—king rich,’ according to Bill Nye, the Science Guy
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The Sun Is Shining on These 3 Solar Stocks
After several years' worth of cloudy skies, solar stocks may finally be finding their place in the sun. We have finally hit the inflection point with regards to solar installations and technology. In many areas, costs for solar -- without subsidies -- are now on par with other more traditional energy means. As a result, renewables are quickly gaining on market share from fossil fuels.According to the International Energy Agency (IEA), investments in renewable energy sources grew 55% from 2010 to 2018. More importantly, the agency predicts that 65% of all global energy spending will come from renewables like solar by 2030.For solar stocks, this is great news. No wonder why the Invesco Solar ETF (NYSEARCA:TAN) is up nearly 60% year to date.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On The long-term is very bright for solar stocks as well. With more money allocated towards renewables, the sector is finally poised to be a real moneymaker for investors. And there's still plenty of time to cash in on the biggest trends out there. For investors, the time to add solar stocks is now.With that, the sun is shinning for these three solar stocks today. Solar Stocks to Buy: First Solar, Inc. (FSLR)If you're going buy a single solar stock, it has to be kingpin First Solar (NASDAQ:FSLR). The firm has been at the forefront of several key shifts in the industry that continues to this day.FSLR started out as a maker of very efficient solar panels with some of the highest rates of sun-to-energy conversion around. This advanced technology served it well with many utility-scale solar producers.When the glut of cheaply-made Chinese panels hit the market a few years ago, FSLR switched gears into being a producer of full-scale solar plants for utilities. The firm has managed to see plenty of rising revenues from key utility customers.During the last reported quarter, FSLR managed to see its revenues jump 89% as the solar firm was able to see a great combination of rising production and growing bookings from utilities. First Solar's new Series 6 panel -- which promises high efficiency coupled with low costs -- surged, while new bookings pushed FSLR's backlog to 12.9 GW.The strong first half of the year performance, as well as continued demand from utility and residential customers, has allowed FSLR to boost its already impressive guidance for the rest of the year. The firm now expects to pull as much as $3.7 billion in revenues and EPS near $2.75 on the high end.Adding in its strong balance sheet to its key leadership position, FSLR is one of the best solar stocks to buy for the long haul. Sunrun (NASDAQ:RUN)To win in solar, it takes plenty of scale. This is especially true when it comes to residential solar installers. Putting solar panels on the roofs of consumers is a relatively low-margined business. It takes scale to clip small revenues from each one. Luckily for Sunrun (NASDAQ:RUN) it's building that scale in a big way.RUN is now the largest residential solar installer serving more than 255,000 customers and employing more than 1,700 MW worth capacity. Because of this surge in customers and installed wattage, RUN's revenues have sacked upped. Over the last three years, the firm's sales have surged by over 108%.Here's where it gets interesting for RUN. One of the problems for many residential customers is that they often don't have the cash up-front to pay for new systems. In this, Sunrun will often lease the systems to consumers. In that regard, RUN actually owns the panels on your roof. In order to make that happen, RUN needs to take out financing.If that sounds familiar, that's exactly what Tesla's (NASDAQ:TSLA) SolarCity did. But unlike TSLA -- which is having troubles -- RUN is actually seeing sales rise in a big way that's allowing to service its debts with ease. * 15 Growth Stocks to Buy for the Long Haul While it's a riskier solar stock play, RUN makes an interesting addition to a portfolio to play the rise in residential solar installations. SolarEdge (SEDG)Israel is often ignored by investors, which is a real shame. The nation has long-been a technology and healthcare powerhouse that extends into the solar sector, with SolarEdge (NASDAQ:SEDG) being a top solar stock to buy. The key is in its products.Source: Shutterstock SEDG doesn't make panels -- which can be fraught with wild price swings. What it does do is make various components needed to make solar power work. Solar panels produce direct current (DC) electricity. However, the grid and household devices use alternating current (AC) electricity. In order to get energy from a solar panel, you need to use a device called an inverter. It's here that SolarEdge shines.The firm's inverter products not only convert energy from DC to AC, but also optimize power output from panels and boost efficiency. This allows installers and consumers to get a bit more from their installations. You get a product you need that is better than the standard.Customers love it. SolarEdge reported record revenues in its last quarter -- growing more than 20%. This follows its streak of record results. Meanwhile, this niche of providing needed components has allowed SEDG to be profitable as well -- a rarity among the solar names.The best part is that SEDG has the potential to keep the growth going. Aside from solar, the firm has moved into providing renewable energy storage products as well as other inverter items for wind energy. Using the same model for solar, SolarEdge is poised to win here as well.At the time of writing, Aaron Levitt did not have a position in any of the stocks mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post The Sun Is Shining on These 3 Solar Stocks appeared first on InvestorPlace.
- InvestorPlace
5 Clean Energy ETFs to Buy for 2019
Editor's note: This story was previously published in December 2018. It has since been updated and republished.Alternative energy is an increasingly prominent theme not only on the energy consumption front, but in the investment universe as well. A slew of exchange-traded funds (ETFs) focus on these themes, but there are only a few clean energy ETFs that truly stand out from the pack.Scores of data points confirm the move away from traditional fossil fuels to clean energy sources. For example, California, the largest U.S. state, recently put into the state building code a mandate that all new homes built there, starting in 2020, must have solar panels. Other data points indicate renewables are pressuring traditional power sources, such as coal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"The competitive environment for coal-fired power in the generation marketplace is becoming ever more challenging as the price of renewables continues to fall and as natural gas prices are expected to remain low for the foreseeable future," according to the Institute For Energy Economics and Financial Analysis (IEEFA).Declining costs are fostering adoption of renewables and that trend could be a long-term catalyst for clean energy ETFs."The cost of building a new utility-scale solar or wind farm has now dropped below the cost of operating an existing coal plant, according to an analysis by the investment bank Lazard," reports CBS. * 10 Real Estate Investments to Ride Out the Current Storm Here are some of the best clean energy ETFs to consider in 2019. ALPS Clean Energy ETF (ACES)Expense Ratio: 0.65% per yer, or $65 per $10,000 investedAmong clean energy ETFs, the ALPS Clean Energy ETF (NYSEARCA:ACES) is one of the newest having debuted late last June. Despite its rookie status, ACES may also be one of the most compelling clean energy ETFs due to its multi-theme exposure. While many clean energy ETFs focus on a specific part of the alternative energy universe, such as electric vehicles, solar or wind, ACES offers exposure to all those themes and then some.This clean energy ETF features solar, wind, smart grid, biomass, geothermal, electrical vehicle/storage and fuel cell stocks, giving it a broader reach than more established clean energy ETFs that you can buy."The fund's underlying index has a differentiated approach to investing in the sector. First, by narrowing the list of constituents to companies whose primary operations are focused on clean energy, the fund offers more pure-play exposure to the sector," according to ALPS.ACES holds 34 stocks and the largest holding is Cree (NASDAQ:CREE) at a weight of 5.75%. Invesco WilderHill Clean Energy ETF (PBW)Expense Ratio: 0.70%The Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) is just a few months shy of its fourteenth birthday, making it one of the more seasoned clean energy ETFs to buy on the market. The $105.10 million PBW targets the WilderHill Clean Energy Index.That index "is composed of stocks of companies that are publicly traded in the United States and engaged in the business of advancement of cleaner energy and conservation," according to Invesco.The average market value of PBW's 39 holdings is $4.70 billion, indicating this clean energy ETF is a mid-cap fund. Just about 14% of PBW's constituents are classified as large caps. Another factor investors must consider with clean energy ETFs is that many of the stocks populating this investment niche are growth names. * 10 Medical Marijuana Stocks to Cure Your Portfolio PBW fits that bill as over 48% of its components are classified as growth stocks. A price-to-earnings ratio of over 48 confirms this clean energy ETF's growth tilt. Invesco Solar ETF (TAN)Expense Ratio: 0.70%The Invesco Solar ETF (NYSEARCA:TAN) is one of the largest clean energy ETFs despite its focus on one segment of the alternative energy space. Solar stocks are struggling this year, as highlighted by TAN's year-to-date decline of over 20%, but this clean energy ETF could be one to watch in 2019.Morgan Stanley recently raised a Market Weight rating on First Solar (NASDAQ:FSLR), TAN's largest holding at a weight of 10.62%. The firm restored its former price target on the largest U.S. solar company to $60 from $56.Solar installation trends in the U.S. and around the world bode well for TAN over the long-term."A record 8.5 gigawatts (GW) of utility solar projects were procured in the first six months of this year after President Donald Trump in January announced a 30 percent tariff on panels produced overseas, according to the report by Wood Mackenzie Power & Renewables and industry trade group the Solar Energy Industries Association," reports Reuters. SPDR Kensho Clean Power ETF (XKCP)Expense Ratio: 0.45%The SPDR Kensho Clean Power ETF (NYSEARCA:XKCP) is another one of the newer entrants to the clean energy ETF space, having debuted in October. XKCP is also one of the more unique clean energy ETFs investors will find.The fund's underlying benchmark uses "artificial intelligence and a quantitative weighting methodology to capture companies whose products and services are driving innovation behind the clean energy sector, which includes the areas of solar, wind, geothermal, and hydroelectric power," according to State Street. * 7 Stocks the Insiders Are Buying on Sale XKCP holds 43 stocks with an average market value of $18.29 billion. Enphase Energy (NASDAQ:ENPH) is the fund's largest holding at a weight of 5.25%. This clean energy ETF is diverse at the industry level, featuring exposure to 15 industries, including utilities, semiconductors and renewable electricity, among others. VanEck Vectors Global Alternative Energy ETF (GEX)Expense Ratio: 0.63%The VanEck Vectors Global Alternative Energy ETF (NYSEARCA:GEX) is a clean energy ETF with multiple applications across the alternative energy investment landscape. While GEX holds just 30 stocks, its roster spans bio mass, wind, solar, hydro and geothermal companies as well as companies that offer related products and services.GEX offers some level of renewable purity because its underlying index mandates that member firms derive at least half their revenue from clean energy endeavors. Just 4% of GEX's components are not large or mid caps.Relative to some other clean energy ETFs to buy, GEX sports attractive valuations as confirmed by a price-to-book ratio of just over 1 and a price-to-earnings ratio of 14.03.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Wildest Stock Market Predictions for 2019 * 7 Stocks to Buy Down 10% Last Week * 10 Stocks Defying the Market Selloff, Including Cronos The post 5 Clean Energy ETFs to Buy for 2019 appeared first on InvestorPlace.
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The Best Non-Leveraged ETF of 2019 is Up 67.33%
In taking stock of second-quarter earnings, the Invesco Solar ETF (TAN) , a renewable energy ETF, is currently the best performing ETF of 2019, as of Aug. 8. As noted on ETF Trends before, the emphasis on solar power has played a significant role in TAN’s performance increase. Stock prices have gone up considerably for Enphase Energy (ENPH) and SolarEdge Technologies Corporation (SEDG) .
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Solar ETF Outshines on SunPower’s Second Quarter Surprise
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3 Charts That Suggest Solar Stocks Are Headed Higher
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Going Green With Exchange Traded Funds
Today's investors have access to a growing number of green ETFs, allowing them to incorporate environmentally friendly strategies into their investment decisions. Exchange traded funds (ETFs) are investment funds that trade on a stock exchange.
