MAC Global Solar Energy Stock Index

The "MAC Global Solar Energy Stock Index" (ticker symbol: SUNIDX) is the tracking Index for the "Guggenheim 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).*

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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). For more information on how ETF’s work, see Guggenheim ETF Education

Keys to the Solar Investment Case

  • Clean solar energy promotes energy security, public health, and a cleaner and safer environment.
  • Solar energy is one of the very few long-term solutions for the world's energy needs with zero operational pollution/CO2 emissions (versus fossil fuels), free fuel from sunlight (versus coal and natural gas fuel costs), and near-zero operational risk (versus nuclear disasters).
  • Solar is a distributed source of electricity that helps protects home and business owners from the grid disruptions and from electric utility rate increases.
  • $4 trillion in new global electricity generation is needed by 2030 (IEA), which means there is a huge market with decades of rapid potential growth for solar.
  • Solar energy costs have plunged in the past several years and will continue to decline in coming years in line with improved technology, thus dramatically improving solar economics for consumers and boosting global demand and unit sales.
  • Solar is becoming ever less dependent on government incentives due to falling solar costs and is already grid-competitive without subsidies in many geographical areas and in even more areas during peak electricity demand times.

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 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 More
  • Solar stocks see a sharp recovery rally; World (ex-U.S.) continues with Paris agreement; Climate change warnings abound – Aug 2017 Read More

MAC Solar Index Quarterly Reviews and Changes

  • 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 More