PBW - TAN: A Solar ETF That Could Make You Look Good (Just Don't Get Burned)
- The Invesco Solar ETF has been on a run this year and is up 120%+ due to hopes of a Biden victory and a strong policy pivot to renewable energy.
- Global solar growth - not just in utility-scale solar arrays, but smaller residential and commercial systems - is expected to soar by an estimated 720 GW by 2024.
- However, valuations are high and #1 holding SolarEdge's Q3 EPS report and guidance and the after-hours pullback in the stock clearly show the risks involved.
- With the presidential election results so close at hand, investors considering a position in TAN should be cautious regarding the potential political impact on the ETF's valuation.
For further details see:
TAN: A Solar ETF That Could Make You Look Good (Just Don't Get Burned)