Money Matters

A Solar ETF Arrives

April 15, 2008 RSS Feed Print

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.

Tags:: renewable energy,; exchange traded funds

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Katy Marquardt came to U.S. News from Kiplinger's Personal Finance magazine, where she profiled rising stars in the mutual-fund world and wrote about investing in stocks and racehorses. Katy hails from Abilene, Texas, and graduated from the University of Texas-Austin.

Kirk Shinkle is a senior editor at U.S. News. Formerly, he covered business and economics on both coasts for Investor's Business Daily. A native of the Montana-Texas corridor, he currently resides in the wilds of west Brooklyn. His checkered online evolution looks like this: Friendster, still (!). MySpace, no. Facebook, yes. He blogs here, Twitters occasionally, and has yet to Tumblr.