TAN was mentioned first thing on Cramer tonight...
Winners
For most of the year solar ETFs rose and fell along with the price of oil. But that hasn't been the case lately. First Solar (FSLR: 161.91, +18.21, +12.67%), a bellwether of the industry and a key component of two of the most popular solar ETFs, announced last week its third-quarter net income jumped to $99.3 million on $349 million in revenue, up from $46 million in profits on $159 million in sales during the same time period last year. The company also announced some key deals.
Investors happily greeted those results. Indeed, Market Vectors Solar Energy (KWT: 18.39, +1.92, +11.65%) increased 10.5%. (The fund tracks an index that has a 13% weighting in First Solar.) The Claymore/MAC Global Solar Energy fund (TAN: 11.99, +1.59, +15.28%) gained 13.9%. (First Solar constitutes 9.6% of its underlying index.)
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