Voltage Drains Out of Solar ETFs

Smart Money‘s Rob Wherry reports that a Goldman Sachs analyst downgraded First Solar (FSLR) and SunPower (SPWRB) on concerns of an oversupply of photovoltaic modules and too few European subsidies.

One result is that two solar ETFs, Market Vectors Solar Energy (KWT) and Claymore/MAC Global Solar Energy (TAN), dropped 15.7% and 17.4%, respectively.

For a complete listing of clean energy ETFs, see the ETF Directory at ETF MarketPro.

More information on the Goldman Sachs downgrade.

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