“We have seen significant uptick in the demand from China as well as emerging markets in South America, Southeast Asia and Africa,” Chief Executive Officer Liansheng Miao said.
Additionally, other solar stocks brightened Tuesday after Deutsche Bank upgraded SunEdison (NYSE: SUNE), reports Brett Flynn for Markets Emerging.
“We are updating our thoughts, taking a closer look at SUNE’s YieldCo plans and highlighting the valuation upside potential from a successful execution of YieldCo strategy,” Deutsche Bank analyst Vishal Shah said in the article. “Bottom line – although shares have outperformed the broader sector ytd, we still see significant upside from current levels.” [Elon Mustk ETFs Soar]
TAN’s holdings include SUNE 8%, SCTY 5.2% and YGE 2.5%. KWT includes SUNE 8.2%, SCTY 3.5% and YGE 1.3%.
Guggenheim Solar ETF
For more information on the solar sector, visit our solar category.
Max Chen contributed to this article.