Solar ETFs rose high and clear above their nonleveraged peers Wednesday as First Solar's (FSLR) Q2 results outshined analyst estimates. The solar-panel maker beat on both EPS and revenue and gave 2015 guidance that topped forecasts. Shares surged 18% on massive volume in midday trade, recovering its 200-day line. Guggenheim Solar (TAN) popped 5.5% to 35.79. The $280.69 million ETF holds First Solar as its No. 3 stock, with roughly 7% of assets.
Wednesday 5 August 2015
ETFs Rise On First Solar; Consumer ETFs Lag On Disney
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Solar ETFs rose high and clear above their nonleveraged peers Wednesday as First Solar's (FSLR) Q2 results outshined analyst estimates. The solar-panel maker beat on both EPS and revenue and gave 2015 guidance that topped forecasts. Shares surged 18% on massive volume in midday trade, recovering its 200-day line. Guggenheim Solar (TAN) popped 5.5% to 35.79. The $280.69 million ETF holds First Solar as its No. 3 stock, with roughly 7% of assets.
Solar ETFs rose high and clear above their nonleveraged peers Wednesday as First Solar's (FSLR) Q2 results outshined analyst estimates. The solar-panel maker beat on both EPS and revenue and gave 2015 guidance that topped forecasts. Shares surged 18% on massive volume in midday trade, recovering its 200-day line. Guggenheim Solar (TAN) popped 5.5% to 35.79. The $280.69 million ETF holds First Solar as its No. 3 stock, with roughly 7% of assets.
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