Opinions
Daniel Straus
Invesco Solar ETF
TAN-N
COMMENT
May 26, 2016
$21.970
Stock price when the opinion was issued
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TOP PICK
TAN scores high in ESG, holding energy stocks that don't add to global warming. US and Canadian governments support this industry, so renewables will be the fastest area of growth for electricity in the coming decade, and solar will be the fastest-grower among renewables. Valuations are reasonable. Lots of tailwind here.
E.T.F.'s
PARTIAL BUY
Long-term outlook for solar and increased efficacy in technology is inevitable. You also have the war against carbon. A long-term, secular bull market. Tough to say how this would play out in an election. It will have volatility, so you could buy the dips. The "explore" part of your portfolio, not the "core".
E.T.F.'s
BUY
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A solar energy ETF. It charges a reasonable management fee for a specialty fund at 0.70% and holds $2B of assets. Sector outlook is positive for the long term. Unlock Premium - Try 5i Free
E.T.F.'s
BUY ON WEAKNESS
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The fund is down 19%YTD but more decline was expected initially. A high beta sector. Growth looks good still and it is trading below its moving averages. Support is around $60, which it bounced off of. Sector outlook remains good. Unlock Premium - Try 5i Free
E.T.F.'s
This is a theme that has been resonating quite strongly recently with many investors. He considers many of these sector ETF’s as kind of tactical plays for short-term views. Because it is such a niche product, it really only applies if you have a strong view of the solar industry. It holds a lot of Chinese technology companies. China is still very much at the centre of global volatility, and this may pull you in directions that you may not want to go.