The solar energy industry has seen growth due to technological innovation and global movement towards renewables, despite a bear market for solar stocks. Invesco Solar ETF provides broad exposure to solar energy companies, with a focus on mid and small-cap growth companies in the sector. The TAN ETF offers global exposure with a mix of US and Chinese companies, outperforming peers like RAYS and poised for potential growth in the future.
Solar stocks have rallied recently, but the rally is more than just a "dead cat" bounce. Data center demand, a crackdown on Chinese solar, and interest rate cuts all bode well for solar stocks in 2024.