Buy the top solar stocks

Article Excerpt

INVESCO SOLAR ETF, $99.27, is a buy for aggressive investors. The ETF (New York symbol TAN; buy or sell through brokers) tracks solar-related companies (including technology firms and utilities) listed on global exchanges. The fund’s top holdings are Enphase Energy (U.S.: home solar systems) at 11.2%; SolarEdge Technologies (Israel: solar-power batteries), 8.8%; Xinyi Solar (China: solar panels), 7.4%; Sunrun Inc. (U.S.: home solar panels), 7.1%; and First Solar (U.S.: solar panels), 6.3%. The Invesco Solar ETF launched on April 15, 2008. It charges a reasonable MER of 0.69%. The outlook for renewable energy remains strong on rising consumer demand. Voter pressure on governments should also encourage them to maintain long-term guaranteed contracts with renewable energy producers. U.S. president-elect Joe Biden’s support for renewables is another big plus for the industry. If you’re looking for exposure to the expanding solar power industry, the Invesco Solar ETF provides you with broad diversification. Invesco Solar ETF is a buy for aggressive investors. investors…