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).*

Visit www.Invesco.com for more information.

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 expectations for solid 2019 solar growth; Solar-plus-storage goes big; Chinese inverters see tariff hike Read More
  • Solar stocks recover in January with expectations for solid 2019 solar growth; Solar’s electricity cost falls 12% and becomes even more competitive vs fossil fuels and nuclear; IEA forecasts that solar will become second largest electricity source by late-2030’s Read More

MAC Solar Index Quarterly Reviews and Changes

  • As part of the regular quarterly index review process that takes effect as of the close of business on June 21, 2019, REC Silicon ASA (REC NO) will be removed from the index due to low solar revenue exposure, and Xinyi Energy Holdings Ltd (3868 HK) will be added to the index with an Exposure Factor of 1.0 as a spin-off from an existing constituent (Xinyi Solar Holdings Ltd-968 HK). Read More