November 10, 2008 at 1:00 am by Tom Lydon
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.
Tags: Alternative Energy, Energy, Green ETFs, KWT, Obama, Solar, TAN
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