After spending much of the Great Recession recovery in the dark, solar stocks had one of their best years on record in 2013. A variety of factors — from dwindling costs to rising subsidies in key markets like China and Japan — helped the fortunes of top solar stocks finally catch up to the their long-term promise.
Overall, the Guggenheim Solar (TAN) — a broad measure of solar stocks — is up a staggering 120% so far this year. That impressive return makes TAN one of the best ETF investments for 2013 … not too shabby for a fund that was facing dwindling assets, a reverse split and price tag under$2 just a year ago.
What’s more impressive is the fact that some solar stocks did even better, boasting returns in excess of 300% for 2013. Meanwhile, 2014 could bring more of the same to the sector.