Solar enthusiasts are eagerly awaiting earnings results from SunPower, which kicks off the industry's first-quarter earnings season on Thursday. They may also be interested to know that Claymore launched the first solar exchange-traded fund today.
The Claymore/MAC Global Solar Energy Index fund tracks a group of 25 mostly overseas solar companies, including equipment makers, materials producers, and service providers. Almost all of the index constituents are profitable. (IndexUniverse points out that the universe of publicly traded companies with interests in solar energy worldwide is small: roughly 200 companies.)
Guess what the fund's ticker symbol is? TAN.
For those who prefer investing in individual stocks, here are some solar picks from the experts.