To say solar power has been a red-hot area in recent months wouldn’t do justice to the run solar stocks have had. The Guggenheim Solar ETF (TAN) is up 41% for the year so far, versus a basically flat market for 2014. Add that 41% gain to 2013’s 131% rally for TAN, and there’s little to complain about when it comes to the performance of solar stocks.
Better still, with installations projected to grow by 20% this year, it looks like solar power stocks are positioned to dole similar rewards for the foreseeable future, not that solar panels are getting their second wind. If you’re an investor looking for a growing trend, solar stocks are one of the best places to be, right now. And there’s no shortage of stocks to pick from.
Which solar power stocks are the proverbial picks of the litter, though? Here are the first five a newcomer might want to consider.