Jury Still Out on Obama’s Effect on Solar ETFs

It’s eagerly anticipated that solar exchange traded funds (ETFs) and the industry at large will get a boost from Obama’s election last week as president.

However, some are cautioning that while there might be euphoria over the prospects for alternative energy, it could be short-lived, reports Index Universe staff. In the meantime, though, all this talk has raised the profile of alternative energy ETFs, and that’s never a bad thing.

These funds will be interesting to watch in the coming months as the new administration and its priorities take some real shape.

• Claymore/MAC Global Solar Energy (TAN): Rose 13% the day of the elections; down 21% since then.

• Market Vectors Solar Energy (KWT): Rose 15.6% the day of the elections; down 22.4% since then.