Still, Deutsche Bank last week raised its price target on Trina Solar (NYSE: TSL) to $18 from $11.50 and its price target on Yingli Green Energy (NYSE: YGE) to $8 from $5. Those stocks are two of TAN’s seven largest holdings combing for about 10% of that ETF’s weight.
While it remains to be seen if Sunday’s news will boost TAN and KWT, the former is flirting with split-adjusted all-time highs and some observers believe the fund could run to $40. [Solar ETF Aims for All-Time High]
Guggenheim Solar ETF
ETF Trends editorial team contributed to this post.