Solar Stocks Soared This Year, But Now They’re Feeling The Market’s Heat–Could The Boom Be Over?

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A split Congress might not be such a bad deal for solar companies.

Shares of SunPower, SolarEdge and Enphase Energy–three of the nation's largest solar energy firms by market capitalization–are down between 1% and 3% on Tuesday and the Invesco Solar ETF, which counts all three among its top holdings, has fallen 2.7%.

Asset managers are"witnessing a staggering demand" for environmental, social and corporate governance investments, Goldman Sachs noted over the weekend, adding that Invesco's Solar ETF, the firm's top-selling ESG ETF, had third-quarter net inflows of about $400 million, roughly 20% of current assets.

 

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