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Market Insights

Bringing you the trading news around the world.

Market Pulse
Market Pulse: Solar Stocks Green in a Sea of Red

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All the major indexes and sectors are down sharply today, but one corner of the market remains in the green: solar energy.

First Solar (FSLR) helped kick off the rally with strong quarterly results last night.  However the bigger story is the shift toward green energy and ESG investing, which has made the group this year’s top performer. See: Invesco Solar Energy ETF (TAN).

Other names to watch include:

  • Enphase Energy (ENPH)
  • SolarEdge (SEDG)

Momentum traders may want to additionally look at the steep pullbacks in these Chinese issues:

  • Daqo New Energy (DQ)
  • Jinko Solar (JKS)

About the author

David Russell
David Russell is VP of Market Intelligence at TradeStation Group. Drawing on two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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