SolarCity Means a Lot to Solar ETFs

KWT was finally added SolarCity when the Market Vectors Global Solar Energy Index (MVKWTTR) rebalanced on September 20. It is now the ETF’s ninth-largest holding with a weight of 4.7%, according to issuer data.

Still less than TAN, but better than no SolarCity at all. This is how a big of a deal SolarCity is to solar ETFs. Since KWT started trading with the stock on September 23, the ETF is up nearly 23%. In the month prior to adding SolarCity, KWT was up “just” 19.6%.

Market Vectors Solar ETF