President Obama is also expected to help drive the performance of the solar power industry. He has been a long time supporter of alternative and solar power , and is expected to push alternative energy sources hard during his second term.
Lastly, the possible takeover of First Solar (NYSE: FSLR) has been a boon for the sector as share prices for the stock are up 5.8%, reports Benzinga. First Solar is the largest U.S. solar power company, and rumors that General Electric (NYSE: GE) has the company in its sights has bode well for the industry. TAN gives 8.74% to FSLR while KWT allocates 8.14% of assets to the stock.
Guggenheim Solar ETF
Tisha Guerrero contributed to this article.