Solar ETFs Off To Fast Start In 2014: Guggenheim Solar ETF (TAN) and the Market Vectors Solar Energy ETF (KWT)

Solar stocks and related ETFs started 2014 on a high note in much the same way they left 2013, fueled by the Chinese government’s ongoing plans to move away from relying on exports and to limit construction of new photovoltaic manufacturing plants. These shifts have paved the way for U.S. manufacturers to pick up the slack.
The Chinese government’s plans to move away from exports to a more consumption-oriented economy includes plans to accelerate the pace of mergers and acquisitions, and improve self-sufficiency of raw materials such as polysilicon and photovoltaic cell manufacturing technology, according to China’s State Council, in a statement published on its website.
It also plans to average new PV-installed capacity of about 10 million kilowatts by 2015, leading to further margin expansion by Western solar manufacturers such as SolarCity and First Solar. (more)

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