RAYS - TAN: A Great Option To Play A Beaten Down Space

2024-06-21 11:39:17 ET

Summary

• The solar energy industry has seen growth due to technological innovation and global movement towards renewables, despite a bear market for solar stocks.
• Invesco Solar ETF provides broad exposure to solar energy companies, with a focus on mid and small-cap growth companies in the sector.
• The TAN ETF offers global exposure with a mix of US and Chinese companies, outperforming peers like RAYS and poised for potential growth in the future.

The solar energy industry has gone through a revolution recently, at the same time as it's gone through a massive bear market. On the industry front, it's clear that there are big tailwinds favoring increased growth spurred by technological innovation, cost reductions, and a global movement toward renewables. Personally, when I walk around most neighborhoods now, I tend to see at least a few roofs having solar panels overlaid on them. I anticipate everyone will be seeing more of that....

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