This solar ETF is a buy

Article Excerpt

INVESCO SOLAR ETF, $48.53, 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. Its top holdings are First Solar (China; solar panels) at 16.0%; Enphase Energy (U.S.; home solar systems), 9.3%; NEXTracker Inc. (U.S. solar trackers), 8.1%; Hannon Armstrong Sustainable Infrastructure (U.S. climate investment firm), 5.7%; GCL Technology (China; polysilicon), 5.3%; and Sunrun (U.S.; panels), 4.8%. The ETF’s MER is a relatively high 0.67%. Renewable stocks have drifted down since early 2021; that follows big run-ups in 2020 on U.S. President Joe Biden’s support for sun, wind and hydro power—plus strong investor interest in stocks gaining from environmental concerns. 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 an aggressive buy. buy…