U.S. growth in the solar sector is skyrocketing. The total domestic market surpassed 1 gigawatt in 2011, and the Solar Energy Industry Association says that solar is THE fastest growing industry in the U.S., and, within a few years, the U.S. will be the world’s largest solar market.
There are dozens of solar stocks, so which one(s) should you invest in? All carry risks… Wouldn’t it be nice to spread your risk across many solar plays, thereby getting a “pure play” on solar without the company-specific risk?
You can. How? With Solar ETFs!
In this episode, you will learn:
- What an “ETF” is and how they work.
- Why solar is one of the best industries you can invest in — no joke!
- How solar is an even better play on higher gas prices than oil stocks.
- How solar stocks have fared, in general, thus far in 2011, and why that story is a bullish one.
Not only is domestic growth in solar booming, global growth is too! Over the past 10 years, sales of solar photovolaics have surged from $2.5 billion to $71.2 billion — a compound annual growth rate of 39.8% per year. Solar is already big in Europe, and the U.S. is set to be the #1 solar market in the world soon… But let’s not forget about China! Even if that rapidly industrializing nation is a bit behind the curve, there are still a billion-plus potential solar customers, and regardless, that country’s appetite for fossil fuels is bound to jack up prices, thereby making solar more attractive to the rest of the world. It’s an almost no-lose scenario.
Happy Trading!
Manny Backus
CEO, Wealthpire Inc.
How to invest in the Solar market with ETFs
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