Tap the top solar shares

Article Excerpt

INVESCO SOLAR ETF, $76.55, 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 First Solar (China; solar panels) at 11.6%; SolarEdge Technologies (Israel; solar-power batteries), 10.1%; Enphase Energy (U.S.; home solar systems), 6.7%; GCL Technology (China; polysilicon), 5.7%; Xinyi Solar (China; solar panels), 5.6%; and Sunrun (U.S.; solar panels), 4.6%. The ETF charges a relatively high MER of 0.69%. Renewable stocks have drifted since early 2021; that follows big run-ups in 2020 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 renewables 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…