Solar-based ETFs seem to finally be catching a break on the heels of a better-than-expected earnings report from First Solar, according to an article on ETF Trends.
First Solar saw an 81 percent increase in profits during the second quarter, lifting earnings per share to $1.65, much above the projected $0.94 gain Bloomberg analysts had been looking for, the article said.
Huntington Asset Advisors, which recently launched the actively managed Huntington EcoLogical Strategy ETF (NYSE Arca: HECO), has shelved plans, for now, to roll assets of an existing equities mutual fund into a virtually identical ETF.
Huntington adds a second ETF to its lineup, and it won’t be seeded by assets from a similar mutual fund.
CORN and other grain ETFs were the top performers in the week ended Thursday, July 5—during which time the Dow rose by 2.3 percent.
Falling oil prices and rising gas production are making solar ETFs a terrible investment idea.
Van Eck looks to pump up its solar ETF KWT’s share price with a 1-for-15 reverse stock split.