|Bid||23.19 x 1000|
|Ask||25.53 x 1000|
|Day's Range||25.09 - 25.24|
|52 Week Range||17.47 - 27.07|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.65|
|Expense Ratio (net)||0.70%|
ESG ETFs have been thriving on popularity of late with issuers coming up with products in droves. But the area is less known and thus has more room for growth.
An exchange traded fund tracking the solar sector jumped Wednesday after First Solar (NasdaqGS: FSLR) was added on to Goldman Sachs’ vaunted “Conviction Buy List.” Among the better performing non-leveraged ...
Why Did First Solar Stock Rise 8% on April 10?Solar stocks keep the momentum First Solar (FSLR) stock rose more than 8% on April 10 and closed almost at its ten-month high. According to CNBC, Goldman Sachs added First Solar to its “Americas
The Invesco Solar ETF (TAN), the largest ETF dedicated to solar equities, is up nearly 34% year-to-date, making it one of 2019's best-performing non-leveraged ETFs and high oil prices are not the only reason solar stocks are hot. TAN, which is nearly 12 years old, follows the MAC Global Solar Energy Index. The index is computed using the net return, which withholds applicable taxes for non-resident investors,” according to Invesco.
Renewable energy stocks and sector-related ETFs may stand to benefit the most from the Green New Deal, a proposal to end U.S. fossil fuel consumption within a decade, but companies in the sector are loath to openly support it. Clean energy stocks have been rallying this year as talks of a Green New Deal, an aggressive proposal backed by several Democratic presidential candidates to end the U.S.'s reliance on fossil fuels, started to gain steam. Many clean energy companies argued that the new proposal is unrealistic and too politically charged for an industry that wants to continue to do business in red and blue states.
The Invesco Solar ETF (TAN), the largest exchange traded fund dedicated to solar equities, is higher by nearly 30% year-to-date, making it one of 2019's best-performing non-leveraged ETFs. TAN could deliver more upside if analysts' expectations on some of the fund's marquee holdings are proven accurate. TAN, which is nearly 12 years old, follows the MAC Global Solar Energy Index.
First Solar’s Indicators, Valuation, Price Targets, and More(Continued from Prior Part)Valuation Let’s look at the current valuations for the top solar stocks in this part of our series. First Solar (FSLR) stock is currently trading at a forward
First Solar’s Indicators, Valuation, Price Targets, and MoreSunny side up2019 could be a lot better and a step in a different direction for the solar energy sector as a whole. Solar stocks have already performed well so far. Last year was
Up more than 34% this year, the Invesco Solar ETF (NYSEARCA: TAN), the largest exchange traded fund dedicated to solar equities, is one of 2019’s best-performing non-leveraged ETFs. TAN, which is nearly ...
Elon Musk’s Twitter Habits Could Get Him into Trouble—Again(Continued from Prior Part)Wall Street analysts on TeslaSince Tesla’s (TSLA) inception, analysts have remained divided in terms of its future growth prospects. While the automotive
First Solar’s Results: Q4 Profit Fell but 2019 Guidance Is IntactMissed earnings and revenue estimatesSolar energy solutions provider First Solar (FSLR) released its fourth-quarter and full-year 2018 earnings on February 21. It reported earnings
Solar Stocks: Analyzing Institutional Activity in Q4Positive start in 2019Solar stocks started 2019 on a solid note. The Invesco Solar ETF (TAN), which tracks the 23 largest solar stocks, has risen more than 30% in 2019. TAN has outperformed
At the midway through the first quarter of 2019, stocks across the globe have been on a smooth ride driven by hopes of progress in U.S.-China trade talks and expectations of policy stimulus from the central bank.
The Invesco Solar ETF (TAN), the largest exchange traded fund dedicated to solar equities, is soaring this year, up nearly 26%, but slowing solar installations are a factor to consider before embracing solar investments. The index is computed using the net return, which withholds applicable taxes for non-resident investors,” according to Invesco. Until solar is more widely embraced by politicians at the national level, “investors need to understand that this fund is meaningfully more volatile than its peers and likely the majority of investments you may own,” according to Seeking Alpha.
SunPower’s Loss Widened, Revenues Fell 15% in 2018SunPowerSunPower (SPWR) reported its fourth-quarter and fiscal 2018 financial results on February 13. The company reported an adjusted loss of $0.21 per share for the quarter ending December
ETFs that were badly beaten up in 2018, and currently rank among the weakest in terms of relative strength, are poised for big gains in the short term, according to a study by Ned Davis Research. “The Q4 decline resembled the 2011 and 2015/2016 bear markets.
As has been widely documented, traditional energy stocks and exchange traded funds were drubbed last year. Old guard energy ETFs incurred losses of around 20 percent or more. Alternative energy ETFs were not immune from that trend.
There's no question 2018 wasn't a great year for solar stocks. In fact, the Invesco Solar ETF (NYSEARCA:TAN) declined 26.2% last year. However, Goldman Sachs analyst Brian Lee recently said that the sun will come out again for solar stocks in 2019. After a cyclical downturn in 2018, Lee said solar demand is improving and prices are stabilizing. He also said China will turn from an albatross to a positive catalyst assuming a trade deal with the U.S. is completed at some point this year. * 7 S&P 500 Stocks to Buy That Tore Up Earnings The good news for solar stocks that endured a rough year is that Goldman expects some of the biggest 2018 laggards to be the best leaders in 2019. Here's a look at Goldman's top three solar stocks for 2019. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: U.S. Department of the Interior via Flickr ### Best Solar Stocks: First Solar First Solar (NASDAQ:FSLR) stock dropped 37.1% in 2018, enough to make the stock an attractive risk-reward play for investors this year. FSLR stock has major exposure to utility-scale solar demand, which Goldman is projecting will hit a positive inflection point in the next 12 months. Goldman projects U.S. utility-scale demand will double the growth rate of residential demand in the next two years. Consensus 2019 EPS estimates have also fallen from around $3.25 a year ago to only $2.59 today, which has set a low bar for the company to clear. Even if First Solar doesn't beat low EPS expectations, $2.59 in EPS means FSLR stock is trading at a reasonable 19.3x forward P/E. Given its massive cash balance, FSLR stock has limited additional downside from here. By the end of the year, Goldman projects FSLR stock will have about 40% of its current market cap in cash alone. That cash balance makes FSLR stock a relatively safe bet for long-term investors. Source: Shutterstock ### Best Solar Stocks: Canadian Solar Goldman is projecting about 10% EPS upside to consensus estimates for Canadian Solar (NASDAQ:CSIQ) stock this year. About 55% of Canadian Solar's 2019 revenue will come from module manufacturing. That exposure allows Canadian Solar to take advantage of the same boom in U.S. utility-scale solar demand as First Solar. Goldman is projecting utility-scale solar demand will grow by 41% annually through 2020. As recently as 2017, 26% of CSIQ's revenue came from China. Therefore, an improving Chinese policy environment would also provide a big boost. While investors wait for market improvements, Lee said the company has one of the best cost structures in the group. He projects cost-per-watt will continue to drop by a double-digit percentage in 2019. * 3 Stocks to Buy as They Bottom From a valuation perspective, CSIQ stock looks like the best opportunity to me. According to Yahoo, CSIQ's P/E and forward P/E ratios are both in the single digits. ### Best Solar Stocks: Vivint Solar Unlike the other two energy stocks on this list, Vivint Solar (NYSE:VSLR) stock is a play on the residential solar market. Goldman is expecting double-digit revenue growth from Vivint in 2019. Lee says the company could gain residential market share from its competitors. Although the residential market is not expected to be as strong as the utility market this year, Vivint could get a boost from a new California law passed in 2018 mandating that most new homes built in the state starting in 2020 be solar powered. If other states in the Southwest follow California's lead, it could create even more momentum for U.S. residential demand. Goldman is projecting 14% volume growth for Vivint this year. That growth rate is lower than the 40% growth it is projecting for FSLR and the 17% growth projected for CSIQ. Given the unpredictability of the U.S. residential solar business and Vivint's extremely high long-term debt-to-equity ratio of 3.79, VSLR stock looks like the biggest gamble of the three. VSLR stock has more than 60% upside based on Goldman's $6.50 price target. It also could be a major risk if market conditions deteriorate. As of this writing, Wayne Duggan held no positions in the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 of the Best Stocks to Buy for a Dovish Federal Reserve * 5 Best Fidelity ETFs for Retirement Savers * 7 Blue-Chip Stocks That Could Lead the Market Higher Compare Brokers The post 3 Best Solar Stocks To Buy -- According to Goldman Sachs appeared first on InvestorPlace.
While the gains were broad-based, we have highlighted four sectors ETFs that have outperformed the market in January and could be better plays in the months ahead .
Solar stocks and sector-related exchange traded fund popped Thursday as solar panel makers offered a brighter outlook for the year ahead. The Invesco Solar ETF (NYSEARCA: TAN) rose 3.2% Thursday. Leading ...
How's First Solar Stock Placed Compared to Its Peers?(Continued from Prior Part)ReturnsIn this part, we’ll discuss solar stocks’ recent returns. As a whole, the sector largely underperformed the broader markets in terms of returns in all of the