Stocks inched higher this morning as markets geared up for another week of trading. The focus will shift to inflation data in the coming days with the release of fresh readings for the Consumer Price Index and the Producer Price Index scheduled for later in the week. Investors will look for clues about the central bank’s next move at its September policy meeting.
Clean energy stocks are catching a boost on the heels of the Senate’s approval of the Inflation Reduction Act, a $430 billion climate bill expected to be passed by the House this week. The bill aims to reduce the budget deficit via tax reform while also investing in renewable energy.
Solar stocks have had a bumpy 2022 as supply chain disruptions, rising production costs, and labor shortages have hampered the industry. However, the tides seem to be shifting as the headwinds subside. Today we’ll cover an investment for our readers looking to cast a wide net and reap benefits from promising companies across the solar industry which is rising across the board today.
“The next Apple” at less than $10?
One stock is causing quite a stir on Wall Street.
It has so much potential, Forbes asks whether it could be the next Apple or Microsoft.
1.The company uses the most advanced technology on the planet.
2.Its stock is trading for less than $10 (for now…), and
3.Some of the world’s biggest investors, including Bill Gates and Cathie Wood, are investing millions into it.
An international conference recently took place in Amsterdam that focused on thebreakthrough tech behind this stock, which could explode any day now.
Get the full details on this incredible stock right here [Full Story…]
The Invesco Solar ETF (TAN) is still down 30% from its February 2021 high but has gained more than 10% in the past month, and the industry seems primed to build on this strong momentum.
The Invesco Solar ETFis a great way to gain exposure to solar without investing in just one stock. The fund seeks to track the MAC Global Solar Energy Index and is comprised of about 35 individual components — including both U.S. and international stocks. The fund follows a blended strategy, investing in both value and growth stocks with various market caps.
TAN’s share price peaked in mid-February 2021 before the entire industry took a beating. With many stocks from the subsector still down more than 50%, it could be an excellent opportunity to get in at a more attractive price as growth in the solar industry will likely gain strength in the long term.
ETFs, by their nature, are often considered a less risky investment as they tend to be much less volatile than individual stocks. If you’re unsure about which solar stocks to buy and if you want to cut back on potential risk, TAN is a relatively safe way to add solar energy to your investment portfolio.
Invesco Solar ETF (TAN)
- Weighted Average Market Cap $8.10B
- Price / Earnings Ratio 44.39
- Price / Book Ratio 2.32
- YTD Return 8%
- Yield 0.10%
- Expense Ratio 0.66%
- Net Assets 2.31B
- Number of Holdings 147
- Top Holdings Enphase Energy, SolarEdge Technologies, Sunrun
Should you invest in TAN right now?
Before you consider buying TAN, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not TAN.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
“Card-Sized” Battery Set to Blow Lid off the Electric Vehicle Industry
This tech company’s new EV battery is so small and light, experts predict it may spur 1,000% growth in EV sales. Watch this stock.