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I had another dream over the weekend. This dream wasn't the same as the ones I have had about sugar in 2019 or gold in 2020 or the Swiss Franc in 2024.
Energy companies have put up mixed results for the latest quarter. Some have outperformed expectations and others have significantly underperformed.
The solar energy sector has suffered a massive downturn and is hovering near a four-year low. However, companies that were able to reduce manufacturing capacity have been generally better off.
President Joe Biden is probably recording his best chances of winning as yet in swing states (per Bloomberg), even after his apparent debate loss.
Despite many governments and activists worldwide stating that renewable energy is the future, several companies that have invested in the industry have started to struggle. This has culminated in a few renewable energy stocks to sell to avoid portfolio losses.
The solar energy industry has seen growth due to technological innovation and global movement towards renewables, despite a bear market for solar stocks. Invesco Solar ETF provides broad exposure to solar energy companies, with a focus on mid and small-cap growth companies in the sector. The TAN ETF offers global exposure with a mix of US and Chinese companies, outperforming peers like RAYS and poised for potential growth in the future.
The increasing focus on finding alternative energy sources and diminishing global reliability on fossil fuels has resulted in clean energy investments surging $2 trillion. Capitalize on the growing commitment of global economies to combat climate change with clean energy ETFs.
Economic data highlighted slowing inflation, raising hopes for interest rate cuts — and boding well for solar stocks, including First Solar.
Despite potential signs of recovery in the solar space, the current economic headwinds loom over its near-term future. Hence, the discussion about solar stocks to sell still remains relevant.
Solar stocks have rallied recently, but the rally is more than just a "dead cat" bounce. Data center demand, a crackdown on Chinese solar, and interest rate cuts all bode well for solar stocks in 2024.