“What’s interesting is that TAN has broken out following two announcements from the Trump Administration 1) the Paris Climate Agreement exit and 2) a solar-paneled border wall pitch,” according to Barron’s.
TAN’s year-to-date performance is all the more impressive when considering oil prices are plunging. Previously, solar stocks have risen when oil prices do the same because expensive oil renews calls for cheaper energy alternatives. TAN has not finished higher on an annual basis since 2013.
The Trump Administration has shown some support for alternative energy stocks. Earlier this year, alternative energy stocks and exchange traded funds were boosted after it was reported that the White House is exploring a carbon tax to bolster revenue.
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