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Interest rates have a major impact on capital-intensive investments like renewables. The Invesco Solar ETF and Global Clean Energy ETF are excellent ways to invest in renewable energy.
2023 has been tough for the solar industry, but this has not stopped impressive growth despite the challenges. Stocks are down, but business actually looks bright. The Invesco Solar ETF is a US-focused view of the solar industry and this impacts the cautious view about solar in 2023, notwithstanding recent plans to dramatically expand renewable investment. With a successful COP28, and climate emergencies everywhere, the solar industry is likely to do well in the near future.
Invesco Solar ETF is a tactical trading vehicle rather than a long-term investment due to the volatile nature of the solar industry. The solar industry faces challenges and skepticism, with some believing that it can only survive with significant government subsidies. TAN has the potential for a 25% upside in the short term, but also a 40% downside if market conditions worsen. It is currently recommended as a Hold.
COP28 in 2023 was a critical meeting for advancing and accelerating global climate action efforts. The meeting puts these ETFs in focus.
The conclusion of the 2023 United Nations Climate Change Conference or COP28 in Dubai this week for the first time included a historic agreement to move away from using fossil fuels, boosting renewable energy stocks.
Bull vs. Bear is a weekly feature where the VettaFi writers' room takes opposite sides to debate controversial stocks, strategies, or market ideas — with plenty of discussion of ETF ideas to play either angle. For this edition of Bull vs.
While the environmental news continues to be dire and bleak, there's a ray of light amidst the darkness. Dropping costs and improving technology have led to a rise in renewable energy.
The solar sector is heavily beaten down and a nice confluence of factors are supporting an explosive recovery rally in the sector. Some leading solar stocks are already breaking out of bases, and are showing strength despite missed earnings. These are tells that the sector has bottomed out. The high short interest in some solar stocks could add buying pressure and fuel the recovery rally.
After a downbeat September, October too remained volatile for Wall Street due to higher rates.