All the major indexes and sectors are down sharply today, but one corner of the market remains in the green: solar energy.
First Solar (FSLR) helped kick off the rally with strong quarterly results last night. However the bigger story is the shift toward green energy and ESG investing, which has made the group this year’s top performer. See: Invesco Solar Energy ETF (TAN).
Other names to watch include:
- Enphase Energy (ENPH)
- SolarEdge (SEDG)
Momentum traders may want to additionally look at the steep pullbacks in these Chinese issues:
- Daqo New Energy (DQ)
- Jinko Solar (JKS)