Solar Energy ETFs May Start to Pick Up (TAN,KWT)

08 March of 2010 by

 Solar Energy ETFs May Start to Pick Up (TAN,KWT)

 The lights went out on solar-energy ETFs in February, which droppedby double digits for the month. The good news? Incentive programs andgovernment financing are revitalizing the ailing sector.

Claymore/MAC Global Solar Energy (NYSEArca: TAN) and Market Vectors Solar Energy ETF (NYSEArca: KWT) fell 11% last month, writes Kevin Baker for TheStreet.

First Solar (NYSE: FSLR) droppedin February after Chairman Michale Ahearn dumped 1.3 million shares, or40% of his holdings. Demand may diminish as Germany may start cuttingphotovoltaic-panel subsidies.

The sector may not be dark for long, though:

  • Mitsubishi Electric also plans to triple solar-cell production in the next two years.
  • UtilityXcel Energy is offering a SolarRewards program that will give customersa one-time payment of $2.25 per installed watt of generating capacityto help offset the cost of small- to medium-sized installations.
  • Customers may also sign up for rebates from federal, state and local government agencies.
  • Claymore/MAC Global Solar Energy (NYSEArca: TAN) Above..
  • Market Vectors Solar Energy ETF (NYSEArca: KWT)

 Solar Energy ETFs May Start to Pick Up (TAN,KWT)

Max Chen contributed to this article.

Source

Solar ETFs To Heat Up In 2010

Previous:

Solar ETFs To Heat Up In 2010

Solar and Wind ETFs: The Big Picture $TAN $FAN

Next:

Solar and Wind ETFs: The Big Picture $TAN $FAN

You may also like

Post a new comment