Stocks inched higher this morning as markets geared up for another week of trading. The focus will shift to inflation data in the coming days with the release of fresh readings for the Consumer Price Index and the Producer Price Index scheduled for later in the week. Investors will look for clues about the central bank’s next move at its September policy meeting.
Clean energy stocks are catching a boost on the heels of the Senate’s approval of the Inflation Reduction Act, a $430 billion climate bill expected to be passed by the House this week. The bill aims to reduce the budget deficit via tax reform while also investing in renewable energy.
Solar stocks have had a bumpy 2022 as supply chain disruptions, rising production costs, and labor shortages have hampered the industry. However, the tides seem to be shifting as the headwinds subside. Today we’ll cover an investment for our readers looking to cast a wide net and reap benefits from promising companies across stocks within the solar industry, which are rising across the board this morning.
A company with 400 million ‘patents’
One company has quietly compiled more than 400 million official trade secrets.
Trade secrets are like patents in that they protect valuable and proprietary information…
But unlike patents, trade secrets take less time to register… and more importantly, they never expire.
Which is a huge advantage for this little-known company.
You see, this company is using these trade secrets to build the world’s largest “codebase,” which will bethe key to it becoming “America’s Next Big Monopoly.”
Not surprisingly, Wall Street is starting to take notice. And the smart money is already pouring in.
Tech investor Cathie Wood has invested over $80 million already, and Microsoft founder Bill Gates has invested as well.
Get the details here before this story hits the mainstream media.
The Invesco Solar ETF (TAN) is still down 30% from its February 2021 high but has gained more than 10% in the past month, and the industry seems primed to build on this strong momentum.
The Invesco Solar ETFis a great way to gain exposure to solar without investing in just one stock. The fund seeks to track the MAC Global Solar Energy Index and is comprised of about 35 individual components — including both U.S. and international stocks. The fund follows a blended strategy, investing in both value and growth stocks with various market caps.
TAN’s share price peaked in mid-February 2021 before the entire industry took a beating. With many stocks from the subsector still down more than 50%, it could be an excellent opportunity to get in at a more attractive price as growth in the solar industry will likely gain strength in the long term.
ETFs, by their nature, are often considered a less risky investment as they tend to be much less volatile than individual stocks. If you’re unsure about which solar stocks to buy and want to cut back on potential risk, TAN is a relatively safe way to add solar energy to your investment portfolio.
Invesco Solar ETF (TAN)
- Weighted Average Market Cap $8.10B
- Price / Earnings Ratio 44.39
- Price / Book Ratio 2.32
- YTD Return 8%
- Yield 0.10%
- Expense Ratio 0.66%
- Net Assets 2.31B
- Number of Holdings 147
- Top Holdings Enphase Energy, SolarEdge Technologies, Sunrun
Where to invest $1,000 right now...
Before you consider buying TAN, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not TAN.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
The 12-million-mile battery that already exists…
This technology already exists, and it’s rolling out to manufacturers at this moment. The one company behind it is on the cusp of an enormous surge… [Click here for the full story…]