TAN - Solar stocks an upbeat outpost in broadly declining market

Solar stocks are shining after Softbank sold its renewable energy business in India to Adani Green Energy in a deal that valued the unit at $3.5B.Enphase Energy ([[ENPH]] +5.7%) has taken the top spot among today's gainers on the S&P 500; First Solar ([[FSLR]] +2.5%), SunPower ([[SPWR]] +3.3%), Canadian Solar ([[CSIQ]] +2.7%), SolarEdge Technologies ([[SEDG]] +3.3%), JinkoSolar ([[JKS]] +1.9%) and Sunworks ([[SUNW]] +1.9%) all sport strong gains.Green energy ETFs are bouncing off YTD lows hit just a week ago: [[TAN]] +2.9%, [[ICLN]] +0.5%, [[QCLN]] +0.5%.UBS analysts say green energy continues to offer opportunity, and although parts of the sector were overvalued, "we do not view this as the bursting of a bubble."

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Solar stocks an upbeat outpost in broadly declining market