Archive for December 2017
MAC Solar – Constituent Change
TerraForm Global Inc (GLBL US) will be dropped from the index effective on the close of December 29, 2017, and the weight will be distributed on a pro-rata basis to the other index constituents. TerraForm Global is being acquired by Brookfield Asset Management.
Read MoreSolar stocks extend this year’s rally; Chinese solar growth surges; Utility solar costs are now comparable to natural gas and have fallen below coal and nuclear; Trump administration’s Section 201 trade remedy decision is due by January – Dec 2017
Read report in PDF with graphs: MAC-Solar-Sector-Update-Dec-2017 Solar Index Performance The MAC Solar Index, the tracking index for the Guggenheim Solar ETF (NYSE ARCA: TAN), has rallied sharply since May and is up +45% year-to-date. Recent bullish factors for solar stocks include (1) a surge in Chinese solar installs in 2017 and broadening solar strength…
Read MoreMAC Solar Index December 2017 Quarterly Review Changes
TerraForm Power Inc (TERP US) will be added to the index with an Exposure Factor of 0.5 as part of the regular quarterly index review process that will take effect as of the close of business on December 15, 2017.
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