Cloud Over Solar ETFs? The massive drop came f
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Posted On: 05/22/2015 12:09:55 PM
Cloud Over Solar ETFs?
The massive drop came from the brutal plunge in the highflying Chinese thin-film solar manufacturer - Hanergy Thin Film Power Group - which was powering solar ETFs over the past several months. About half of the recent gains in these funds came from the meteoric rise in the share price of Hanergy.
The rout followed sluggish trading by another Chinese solar firm - Yingli Green Energy (NYSE:YGE) - a day before, on its looming bankruptcy concern.
Further, the rebounding oil price and encouraging industry trends including robust panel installations, surging demand for solar power, and Obama's 'Climate Change Action Plan' will likely fuel growth in the sector and the stocks.
However, investors should note that TAN currently has a Zacks ETF Rank of 4 or 'Sell' rating and the solar industry has a poor Zacks Rank in the bottom 28% at the time of writing, suggesting some pain in the coming months.
http://seekingalpha.com/article/3205146-cloud...etfs?ifp=0
......dk, but sounds like there could be an opportunity for new efficiencies in thin film to compete.....worth keeping eye on imo
The massive drop came from the brutal plunge in the highflying Chinese thin-film solar manufacturer - Hanergy Thin Film Power Group - which was powering solar ETFs over the past several months. About half of the recent gains in these funds came from the meteoric rise in the share price of Hanergy.
The rout followed sluggish trading by another Chinese solar firm - Yingli Green Energy (NYSE:YGE) - a day before, on its looming bankruptcy concern.
Further, the rebounding oil price and encouraging industry trends including robust panel installations, surging demand for solar power, and Obama's 'Climate Change Action Plan' will likely fuel growth in the sector and the stocks.
However, investors should note that TAN currently has a Zacks ETF Rank of 4 or 'Sell' rating and the solar industry has a poor Zacks Rank in the bottom 28% at the time of writing, suggesting some pain in the coming months.
http://seekingalpha.com/article/3205146-cloud...etfs?ifp=0
......dk, but sounds like there could be an opportunity for new efficiencies in thin film to compete.....worth keeping eye on imo
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