Guggenheim Solar (TAN) to Shine... Finally
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Guggenheim Solar (NYSE: TAN), an ETF that is designed to track companies in the solar energy industry, is in the spotlight Tuesday with a major industry analyst calling for a rebound in the beaten up sector.
Analysts at Citi say metrics point to a potential rise in solar stocks, given increased sell-though and production levels. They upgraded several stocks in the sector (NYSE: YGE),(NASDAQ: SPWR) and they reiterated buy ratings on three others (NYSE: TSL), (NASDAQ: AEIS) and (NYSE: WFR).
TAN is bid $22.25 early Tuesday, fractionally higher than Monday's $22.15 close.
Analysts at Citi say metrics point to a potential rise in solar stocks, given increased sell-though and production levels. They upgraded several stocks in the sector (NYSE: YGE),(NASDAQ: SPWR) and they reiterated buy ratings on three others (NYSE: TSL), (NASDAQ: AEIS) and (NYSE: WFR).
TAN is bid $22.25 early Tuesday, fractionally higher than Monday's $22.15 close.
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