An upgrade by Goldman Sachs was the latest catalyst for the stock, already up 609 percent this year. Analyst Mark Delaney based his call on macro and micro factors.
The Invesco Solar Energy ETF (TAN) shot 3 percent above its previous 52-week high yesterday. Of the 40+ thematic funds tracked by Market Insights, TAN is the only one above its early-September high. It’s also the top performer in 2020 with a gain of more than 100 percent.
The S&P 500 rose 1.6 percent between Friday, January 25, and Friday, February 1. It was the fifth gain in the last six weeks, with every major sector and index moving higher.