Guggenheim Solar Index: Supply chain cost increases see underperforming solar stocks

In May, cost increases across the supply chain left solar stocks underperforming in the market, writes Jesse Pichel of ROTH Capital Partners. For the U.S., higher prices for shipping and steel have hit particularly hard.From pv magazine 06/2021 Up to May 25, the Invesco Solar ETF - an exchange-traded fund that tracks the MAC Global Solar Energy Index - underperformed relative to the S&P 500 and Dow Jones Industrial. The Invesco Solar ETF (TAN) decreased 6.4%, while the S&P 500 and DJIA increased 0.4% and 1.5%, respectively. The five solar stocks in the U.S. market that predominantly recorded losses ...

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