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Solar ETF And Stocks Getting Hammered: Here's Why

Benzinga.com
0 Comments| September 28, 2015

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Shares of the Guggenheim Solar ETF (NYSE: TAN) fell more than 5 percent on Monday, trading at a new 52-week low of $25.37.

Individual solar stocks also recorded notable declines on Monday.

Gordon Johnson of Axiom Capital pointed out the Japanese government may restrict access to FIT program.

Shares of the Guggenheim Solar ETF fell more than 5 percent on Monday, while several solar stocks like First Solar, Inc. (NASDAQ: FSLR), SunPower Corporation (NASDAQ: SPWR) and Canadian Solar Inc. (NASDAQ: CSIQ) also recorded significant losses.

In an email to clients on Monday, Axiom Capital's solar analyst Gordon Johnson explained why solar stocks were getting "smoked."

Johnson cited a report by Japan Times in which a panel commissioned by Japan's Ministry of Economy, Trade ...

/www.benzinga.com/analyst-ratings/analyst-color/15/09/5869950/solar-etf-and-stocks-getting-hammered-heres-why alt=Solar ETF And Stocks Getting Hammered: Here's Why>Full story available on Benzinga.com

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