SEDG - Solar ETF TAN surges with 'blue wave' prospects while sporting compelling valuation

It was already a blockbuster year for the Solar Invesco ETF (TAN) heading into September. The ETF had already tacked on 84% as of August 31. The move suggests value critics may be waiting in the wings, but it may not be the case here.The ETF surged another 45% over the last month, as Wall Street grows more bullish on the prospects a decisive Democratic victory and markets price in a potential big push towards renewable energy. The TAN gained 33% in the last ten trading days alone.The latest advances for TAN come as new polls show Democratic presidential candidate Joe Biden extending his lead over President Trump to 16 points – the widest so far for the election cycle. Analysts at JP Morgan had recently cited a Democratic sweep - sometimes called a 'blue wave' - as a near term catalyst for the sector.The Biden campaign has announced aggressive

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Solar ETF TAN surges with ‘blue wave’ prospects while sporting compelling valuation