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Up 255%, This Solar ETF Will Have Even More Days in the Sun A recent pullback in clean energy stocks portends opportunity with several exchange traded funds, including the Invesco Solar ETF (TAN). New data is confirming the durability of solar power during the coronavirus pandemic. TAN seeks to track the investment results of the MAC Global Solar Energy Index, which is designed to provide exposure to companies listed on exchanges in developed markets that derive a significant amount of their revenues from solar power equipment producers, including ancillary or enabling products. Over the past year, the fund is up a whopping 255%. ....
Investors Pocketing the ACES with This ETF, Up 178% March 16, 2021 Solar and wind power are proving durable during the coronavirus pandemic, propping up renewable energy funds like the ACES follows the CIBC Atlas Clean Energy Index. That benchmark is comprised of U.S.- and Canada-based companies that primarily operate in the clean energy sector. Constituents are companies focused on renewables and other clean technologies that enable the evolution of a more sustainable energy sector. “Electricity production from solar projects continues to exceed initial estimates with many solar projects performing so well operationally that some ratings are equivalent to those of the off-taker,” according to Fitch Ratings. “Conversely, wind projects are still largely underperforming against expectations. Fitch reports that 73% of annual observations from its rated solar projects were within 5% or better of the original P50 levels. By contrast, only 24% of wind proje ....
Follow Us We are first in your inbox with the most important news in the industry―keeping you smarter and one-step ahead in this ever-changing and competitive market.Start your free subscription Solar Industry Adds Record Capacity in 2020 in Spite of Pandemic The U.S. solar industry installed a record 19.2 GWdc of photovoltaic (PV) capacity in 2020, a 43% increase from 2019, according to a report released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. The numbers are particularly impressive considering the world was dealing with unique challenges as a result of COVID-19. “After a slowdown in Q2 due to the pandemic, the solar industry innovated and came roaring back to continue our trajectory as America’s leading source of new energy,” said SEIA President and CEO Abigail Ross Hopper. “The forecast shows that by 2030, the equivalent of one in eight American homes will have solar, but we still have a long way to go if we want to r ....