By Tom Lydon:
Solar exchange traded funds are expected to perform better this year as policymakers have found some resolution for the U.S. fiscal cliff and industry consolidation and investment takes place. The industry is evolving and is slowly finding ways to reduce costs while increasing efficiency.
"Recent concerns about high fossil-fuel prices, global warming, and a questionable ability to meet growing long-term electricity demand have galvanized widespread interest in the renewable energy industry. Throw in government tax subsidies for electricity production and alternative energy implementation, strong global demand, and state-mandated renewable portfolio standards in the United States, and the near future has the potential to be prosperous times for alternative energy producers and developers alike," Abraham Bailin wrote for Morningstar.
The global solar industry got burned in 2012, however, this year focused ETFs have performed well and are forecast to provide strong gains this year. The Guggenheim Solar ETF (TAN)
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