MAC Global Solar Energy Stock Index

The "MAC Global Solar Energy Stock Index" (ticker symbol: SUNIDX) is the tracking Index for the "Invesco Solar ETF," which is an exchange-traded fund (ETF) that is traded on the New York Stock Exchange ARCA with the ticker symbol of TAN (NYSE ARCA: TAN).*

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Investors cannot invest directly in an index but investors can buy and sell the exchange-traded fund (ETF) that tracks that index. An ETF holds a basket of stocks in a single fund. An ETF can be bought and sold in an investor's brokerage account just like an individual stock (consult with your investment advisor).

Keys to the Solar Investment Case

  • Impressive growth potential – Solar has impressive growth potential with forecasts for $3.4 trillion of solar spending through 2040 and with solar representing 35% of all new global electricity generation installs (Bloomberg New Energy Finance). Solar PV will generate 25% of all electricity globally by 2050, up from 2% today (BNEF).
  • Low-cost electricity solution – Solar’s levelized electricity cost has already plunged by 83% since 2010 (Lazard) due to dramatic technology advances and economies of scale. Solar’s cost will plunge by another 71% by 2050 (BNEF), which would make it the cheapest source of electricity by far. Solar has already reached grid-parity in many areas of the world where its low cost now beats both coal and nuclear.
  • Government support is only icing on the cake – Solar has become a self-sustaining industry due to the sharp drop in solar costs and has no need for government subsidies or mandates.
  • Mission-critical energy solution – Solar energy is one of the very few long-term solutions for the world's zero-carbon energy needs with free fuel (sunlight) and zero CO2/pollution emissions. Solar is also a scalable solution that provides wholesale electricity for utilities as well as distributed retail electricity for businesses and homeowners.
  • Jobs, jobs, jobs – Solar is a big employer with 3.4 million global solar jobs (IRENA). Solar provides about 250,000 U.S. jobs, more than the combined number of jobs in the U.S. coal and oil-gas extraction industries.
  • Solar-plus-storage provides robust 24/7 energy solution – Solar-plus-storage systems provide a 24/7 source of electricity and solve solar’s intermittency problem. Solar-plus-storage systems are already cost competitive and will become even more so as battery costs plunge by another 52% through 2030 (BNEF).

Advantages of investing in a solar stock fund versus individual solar stocks

Own the global solar sector in one trade - All qualified solar stocks on developed global exchanges are included in the MAC Solar Index.

Longest track record in the industry - The MAC Solar Index was the first solar index for the exchange-traded fund industry with an inception date of March 31, 2008.

Dynamic portfolio - Quarterly index reviews ensure that new and emerging solar companies are added to the index when they meet the index criteria.

Diversification - Reduce exposure to event/financial risk at individual solar companies with index diversification across:

  1. geography (North America, Europe, Asia),
  2. solar technologies (thin-film, silicon, thermal),
  3. solar value chain (raw materials, PV wafers/cells/panels, solar inverters, capital equipment, solar installers and project developers).

MAC Solar Sector Reports

  • Solar stocks rally on long-term growth prospects; Solar largely shakes off pandemic; China’s transition to subsidy-free solar is progressing well Read More
  • Solar’s cost falls by another 7% and beats fossil fuels and nuclear by even larger amounts; Corporations show strong demand for solar; UN calls climate outlook “bleak” Read More

MAC Solar Index Quarterly Reviews and Changes

  • As part of the regular quarterly Index review process that takes effect after the close of business on March 19, 2021, the Exposure Factor for the existing constituent Atlantica Sustainable Infrastructure (AY US) will be raised to 1.0 from 0.5. Also, the following stocks will be added to the Index (with the Exposure Factor in parenthesis): Array Technologies Inc (ARRY US) (1.0), Sunworks (SUNW US) (1.0), Soltec Power Holdings SA (SOL SM) (1.0), Fastned BV (FAST NA) (1.0), Luoyang Glass Company Limited-H (1108 HK) (1.0), GCL New Energy Holdings Ltd (451 HK) (1.0), XINTE ENERGY Co-H (1799 HK) (0.5), Beijing Enterprises Clean Energy Group (1250 HK), (0.5), United Renewable Energy (3576 TT) (1.0), TSEC Corp (6443 TT) (1.0), Motech Industries Inc (6244 TT) (1.0), Giga Solar Materials Corp (3691 TT) (1.0), Anji Technology Co Ltd (6477 TT) (1.0), Hanwha Solutions Corporation (009830 KS) (0.5), Shinsung E&G Co Ltd (011930 KS) (0.5), Doral Group Renewable Energy Resources Ltd (DORL IT) (1.0), Enlight Renewable Energy (ENLT IT) (1.0), and Energix-Renewable Energies Ltd (ENRG IT) (0.5). There are no stock deletions from the Index and no other changes. Read More