What are solar energy ETFs?

Solar energy ETFs invest in stocks of companies specializing in solar energy generation and distribution, solar system construction and installation, solar material and component manufacturing. The table includes only relevant data and will allow you to track the values of the best clean energy exchange-traded funds.

How did solar energy stocks perform in 2023?

Solar energy stocks took a beating in 2023. Global X Solar ETF (RAYS) and Invesco Solar ETF (TAN) are down 41.38% and 29.83% for the year, respectively. The high-interest rate environment made a bearish case for solar stocks throughout the year due to a demand drop among retail customers.

Should you invest in solar ETFs?

As you have already understood, solar ETFs buy stocks of companies specializing in solar energy. First of all, keep it in mind that even though a few clean energy funds have already shown considerable gains, the sector is still new and volatility can be rather high.

What is the Invesco solar ETF?

The Invesco Solar ETF focuses on companies in the solar energy industry. That includes companies that manufacture panels and electrical components and install solar energy systems. The ETF had more than 50 holdings as of late 2022, led by the following five:

How much does a solar energy fund cost?

The fund’s portfolio comprises 24 holdings specialized in all spheres of solar energy industry, the top of which are First Solar, Solaredge Technologies, and Enphase Energy. AUM: US$299.7M. Expense ratio: 0.7%. The fund was launched on the 3rd of March, 2005.

What are the top solar stocks?

Three top solar stocks are First Solar, Brookfield Renewable, and Enphase Energy, each offering distinct advantages. These companies are poised for significant growth, benefiting from continued industry expansion and innovation. Key findings are powered by ChatGPT and based solely off the content from this article.