Schutte pointed out that half of TAN’s year-to-date performance can be attributed to the 157% surge in Hanergy this year.

“To put the 2015 rise of Hanergy Energy into perspective; if the stock price was to fall by 50%, this would impact TAN’s estimated NAV by a substantial ~6%,” Schutte added. “This would however still leave Hanergy’s stock up 30% year to date, and 230% up over the last 12 months.”

Guggenheim Solar ETF

For more information on the photovoltaic panel industry, visit our solar category.

Max Chen contributed to this article.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.