The analyst says 2009 is expected to be a year of transition for the sector and predicted that tight supply could continue.
Both solar ETFs took a big hit in trading today. Market Vectors Solar Energy (KWT) lost 11.2%, and all of its top 10 holdings declined, led by JA Solar Holdings Co., Ltd. (JASO), which lost 17%. Claymore/MAC Global Solar Energy (TAN) also saw all of its top 10 holdings fall, and the fund overall lost 11.9% today. JA Solar was the biggest decliner in TAN, as well. The company is 4% of both TAN and KWT.
KWT is down 27.4% since its April 23 inception, while TAN is down 25.4% since its April 15 inception.