Great way to buy solar

Article Excerpt

INVESCO SOLAR ETF, $84.33, 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 12.7%; First Solar (China; solar panels), 9.3%; SolarEdge Technologies (Israel; solar-power batteries), 8.1%; Sunrun (U.S.; solar panels), 5.4%; GCL Technology (China; polysilicon), 4.9%; and Xinyi Solar (China; solar panels), 4.5%. The ETF charges a reasonable MER of 0.66%. Renewable stocks have drifted down lately, after big runups last year on President Biden’s support for sun, wind and hydro power—plus strong investor interest in stocks that will gain from the push for global decarbonization. Still, the long-term outlook for renewable energy remains strong as governments and corporations move steadily away from fossil fuels. 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…

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