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Solar Stocks Outperforming S&P For First Time Since Forever

Solar sure has been on a tear in the past few months, with names like FSLR SCTY and JASO all ripping higher.

But many times this kind of run is on the "backend" of a broad market rally, where highly-shorted spec stocks are the last to run.

The chart below shows how the longer term trend in solar performance may be making a turn:

tan-spy

This is a weekly chart of TAN performance relative to the SPY. This is the first time a "higher high" has been registered in a very, very long time.

TAN is the Guggenheim Solar ETF with holdings like FSLR, PWER, SPWR, WFR, SCTY GTAT, TSL and YGE.

by Steven Place

Steven Place is the founder and head trader at investingwithoptions.com/