Exchange traded funds that invest in clean energy rose Tuesday, helped by a rally in JA Solar (NasdaqGS: JASO) following upbeat quarterly results.
JA Solar shares rose more than 5% on Tuesday. The firm was out with first-quarter earnings that topped Wall Street estimates.
The stock accounts for nearly 4% of Market Vectors Solar Energy ETF (NYSEArca: KWT), which rose nearly 1%.
JA Solar is also held in Guggenheim Solar ETF (NYSEArca: TAN), iShares S&P Global Clean Energy (NasdaqGM: ICLN) and PowerShares WilderHill Clean Energy (NYSEArca: PBW). [First Solar Results Cloud Energy ETFs.]
However, lower guidance from Trina Solar (NYSE: TSL) weighed on the group Tuesday. The stock lost nearly 1%.
Market Vectors Solar Energy ETF
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