ETF Spotlight on Guggenheim Solar (NYSEArca: TAN), part of a weekly series.
Assets: $149.3 million
Objective: Tracks the MAC Global Solar Energy Index, which owns 30 securities in the solar energy industry.
Holdings: Top names in the fund include First Solar (NASDAQ: FSLR), Meyer Burger Technology (NYSE: MBTN), Trina Solar (NYSE: TSL) and Suntech Power Holdings (NYSE: STP).
What You Should Know
- TAN is primarily a small- and mid-cap play, and gives a respective 56.9% and 33.2% of its weighting to the market caps. Just 9.9% is allocated to large caps.
- China, Germany and the United States are the largest holdings; all three countries account for 27% of the fund apiece.
The Latest News
- It’s been suggested that solar power is becoming more attractive than oil when it comes to running power plants in the Middle East. That’s because prices for solar are falling.
- Solar power producers in Germany agreed to subsidy cuts of as much as 15% in order to compensate for a solar energy boom that drove costs higher in the country.
- Panels are so popular in Germany that energy prices for those not using them have shot up sharply, says Monsters and Critics.
- Solar energy could be what solidifies relations between the United States and China. Oil prices have topped $90 a barrel, so cooperation on clean energy is becoming increasingly paramount, says Reuters.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.