“U.S. solar manufacturing consists of legacy laggards” and innovators that have “stuff so new that it’s not even on the shelves,” remarked Aaron Chew, an analyst at New York-based Maxim Group LLC. “The question is, will the shakeout result in consolidation or closures?”
Guggenheim Solar ETF (NYSEArca: TAN) is down 24.5% year to date, while Market Vectors Solar Energy (NYSEArca: KWT) is off 28.2%, according to Morningstar.
Guggenheim Solar ETF
Max Chen contributed to this article.