Often times, it can be difficult to piece together a rosy assessment of a faltering asset class or sector, particularly a notoriously volatile group such as solar equities and the corresponding exchange traded funds.
No one is going to refute the Guggenheim Solar ETF (NYSE: TAN)'s three-month decline of 29.1 percent. That is good for one bear market and nearly half of another using the definition of a 20 percent decline representing a new bear market. Weakness in Chinese stocks and tumbling oil prices have been among the factors plaguing solar stocks and TAN, the largest dedicated solar ETF.
“Solar stocks fell in the past three months due to (1) the sharp downward correction in the Chinese stock market, which caused some carry-over weakness in Chinese-headquartered solar stocks, (2) concern that slower economic growth in China may translate into reduced solar power growth in China, (3) increased talk about a Fed rate hike in 2015 as higher interest rates could cause some downward pressure on yieldcos, ...
/www.benzinga.com/trading-ideas/long-ideas/15/08/5756166/for-the-patient-investor-future-looks-bright-for-solar-etfs alt=For The Patient Investor, Future Looks Bright For Solar ETFs>Full story available on Benzinga.com
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