Why Solar Stocks Have Returned 14 Times More Than the Market So Far in 2020
The Invesco Solar ETF (NYSEMKT: TAN), which contains about 60% manufacturers and suppliers like Enphase Energy (NASDAQ: ENPH) and SolarEdge Technologies (NASDAQ: SEDG) and 30% utilities, is up an astounding 235% this year, crushing the market's 16% return. Solar has been one of the most well-known growth stories for years. So why did the industry suddenly take off?
Let's examine the factors that contributed to one of the hottest sectors of 2020 to better understand what led to the breakout. Ultimately, these themes (and lessons like them) should help you identify future growth trends before the market does.
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Source Fool.com
