Invesco Solar has outperformed the broader market, New Jersey ends SREC program

The Invesco Solar ETF, a fund that tracks solar stocks, has outperformed the broader market in recent years as investors flocked to companies propelled by falling equipment prices, exploding valuations in the technology sector, policies aimed at reducing carbon emissions and, recently, surging interest in ESG issues. Then the calendar turned to March. With equity markets roiled by the economic fallout from the coronavirus pandemic and an oil price war, losses suffered by the Invesco Solar ETF and other clean-energy funds outpaced the S&P 500’s 12.5% decline last month. Analysts say renewables still enjoy long-term tailwinds and that the sector is poised to rebound strongly. But the industry that emerges from the current crisis is likely to look different than it did before. Source: SP Global New Jersey is ending the state’s Solar Renewable Energy Certificate (SREC) Registration Program on April 30th, after the state’s utility regulators declared that 5.1% of the retail electricity sold in the state is generated from solar power.