Solar has a bright outlook

Article Excerpt

INVESCO SOLAR ETF, $70.35, 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 SolarEdge Technologies (Israel; solar-power batteries), 11.3%; Enphase Energy (U.S.; home solar systems) at 9.0%; Xinyi Solar (China; solar panels), 8.3%; First Solar (China; solar panels), 7.0%; and Sunrun (U.S.; solar panels), 5.1%. The ETF charges a reasonable MER of 0.69%. Renewable stocks have dropped lately, after big runups last year on President Biden’s support for sun, wind, biomass 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…