THIS is the fourth of four articles on clean energy.
Invesco Solar (TAN):
• Invesco Solar ETF offers exposure to global technology and utilities stocks that can benefit from demand for solar as an alternative energy.
• Investors benefit from the diversification and liquidity to U.S., European and Chinese companies in one product.
• The Invesco Solar ETF tracks two dozen solar energy companies such as First Solar (FSLR) and SolarEdge Technologies (SEDG).
• Caution: TAN owns fewer companies so the price can be more volatile than funds with a larger number of companies.
TPI Composites (TPIC)
• TPI is a leading manufacturer of composite wind blades.
• It supplies blades to wind turbine manufacturers and commands nearly a fifth of all onshore wind blades sold on a megawatt basis globally.
• The company notched a record $1.4 billion in annual net sales, selling 9,500 wind blades.
• Despite the economic upheaval of COVID-19, the company enjoyed a 15% revenue growth to $1.65 billion.
• Of the 11 analysts that cover TPIC stock, 10 rate it a Buy.
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Victor Santos Sy graduated Cum Laude from UE with a BBA and from Indiana State University with an MBA. Vic worked with SyCip, Gorres, Velayo (SGV – Andersen Consulting) and Ernst & Young before establishing Sy Accountancy Corporation in Pasadena, California.
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He has 50 years of experience in defending taxpayers audited by the IRS, FTB, EDD, BOE and other governmental agencies. He is publishing a book on his expertise – “HOW TO AVOID OR SURVIVE IRS AUDITS.” Our readers may inquire about the book or email tax questions at [email protected].
