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May 9, 2018, 3:27 p.m. EDT

Solar-company ETFs gain after California requires new homes to have solar panels

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By Ryan Vlastelica

Exchange-traded funds that track solar and alternative-energy companies rose on Wednesday, after California approved a requirement for new homes to be built with solar installations starting in 2020. The Guggenheim Solar ETF /zigman2/quotes/210041821/composite TAN -0.51% rose 0.9% on volume of about 162,000 shares, well above its 30-day average of 102,000. The PowerShares WilderHill Clean Energy Portfolio /zigman2/quotes/208932878/composite PBW -1.55% rose 0.5% while the First Trust NASDAQ Clean Edge Green Energy Index Fund /zigman2/quotes/205893823/composite QCLN -0.85% was up 0.7%. The VanEck Vectors Global Alternative Energy ETF added 1.1% and the iShares Global Clean Energy ETF /zigman2/quotes/205740995/composite ICLN +0.13% was up 0.7%. Among the most actively traded solar companies, Sunrun Inc. /zigman2/quotes/205021014/composite RUN -3.77% jumped 5.3%, bringing its year-to-date gain to 68%. Canadian Solar /zigman2/quotes/205481506/composite CSIQ -3.24% was up 3.5% while First Solar Inc. /zigman2/quotes/209356097/composite FSLR -1.95% gained 3.1%. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.89% rose 0.7% on Wednesday while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.77% was up 0.9% and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.51% rose 1%.

/zigman2/quotes/210041821/composite
US : U.S.: NYSE Arca
$ 86.46
-0.44 -0.51%
Volume: 1.01M
April 9, 2021 4:00p
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/zigman2/quotes/208932878/composite
US : U.S.: NYSE Arca
$ 94.27
-1.48 -1.55%
Volume: 446,234
April 9, 2021 4:10p
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/zigman2/quotes/205893823/composite
US : U.S.: Nasdaq
$ 66.57
-0.57 -0.85%
Volume: 417,425
April 9, 2021 4:00p
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/zigman2/quotes/205740995/composite
US : U.S.: Nasdaq
$ 23.47
+0.03 +0.13%
Volume: 4.53M
April 9, 2021 4:00p
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/zigman2/quotes/205021014/composite
US : U.S.: Nasdaq
$ 51.60
-2.02 -3.77%
Volume: 3.94M
April 9, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$10.45 billion
Rev. per Employee
$108,493
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/zigman2/quotes/205481506/composite
US : U.S.: Nasdaq
$ 43.37
-1.45 -3.24%
Volume: 2.48M
April 9, 2021 4:00p
P/E Ratio
17.75
Dividend Yield
N/A
Market Cap
$2.59 billion
Rev. per Employee
N/A
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/zigman2/quotes/209356097/composite
US : U.S.: Nasdaq
$ 79.61
-1.58 -1.95%
Volume: 1.94M
April 9, 2021 4:00p
P/E Ratio
21.32
Dividend Yield
N/A
Market Cap
$8.46 billion
Rev. per Employee
$531,634
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,800.60
+297.03 +0.89%
Volume: 317.82M
April 9, 2021 5:15p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,128.80
+31.63 +0.77%
Volume: 1.88B
April 9, 2021 5:15p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,900.19
+70.88 +0.51%
Volume: 3.52M
April 9, 2021 5:16p
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