Posts by rwasplund
Solar stocks wait for interest rates to fall and overcapacity to ease
The MAC Global Solar Energy Stock Index in 2024 is down by -18% on a year-to-date basis. The MAC Solar Index saw extraordinary gains of +67% in 2019 and +245% in 2020, settling back by -26% in 2021, -5% in 2022, and -26% in 2023. Solar stocks in 2023 were under pressure from rising US…
Read MoreMAC Solar Index March 2024 Quarterly Review Changes
As part of the regular quarterly Index review process that takes effect after the close of business on Friday, March 15, 2024, the following stock will be added to the Index: Nextracker Inc (NXT US). There are no other changes.
Read MoreSolar stocks stabilize as interest rates appear to have peaked
The MAC Global Solar Energy Stock Index in 2023 is down by -30% on a year-to-date basis. The MAC Solar Index saw extraordinary gains of +67% in 2019 and +245% in 2020, but then settled back by -26% in 2021 and -5% in 2022. The MAC Solar Index is the tracking index for the U.S.-based…
Read MoreMAC Solar Index December 2023 Quarterly Review Changes
As part of the regular quarterly Index review process that takes effect after the close of business on Friday, December 15, 2023, the following stocks will be dropped from the Index: Emeren Group Ltd ADR (SOL US), SOLTEC POWER HOLDINGS SA (SOL SM), Triumph New Energy Company Limited – H Shares (1108 HK).
Read MoreSolar stocks dip but valuation is inexpensive and global solar demand is very strong
The MAC Global Solar Energy Stock Index in 2023 is down by -26% on a year-to-date basis. The MAC Solar Index saw extraordinary gains of +67% in 2019 and +245% in 2020, but then settled back by -26% in 2021 and -5% in 2022. The MAC Solar Index is the tracking index for the U.S.-based…
Read MoreMAC Solar Index September 2023 Quarterly Review Changes
As part of the regular quarterly Index review process that takes effect after the close of business on September 15, 2023, the following stocks will be dropped from the Index: Xinte Energy Co Ltd – H Shares (1799 HK), Giga Solar Materials Corp (3691 TT), and HD HYUNDAI ENERGY SOLUTIONS Co Ltd (322000 KS).
Read MoreSolar stocks see support as global solar demand booms
The MAC Global Solar Energy Stock Index so far in 2023 is slightly lower by -3.3% on a year-to-date basis. The MAC Solar Index saw extraordinary gains of +67% in 2019 and +245% in 2020, but then settled back by -26% in 2021 and -5% in 2022. The MAC Solar Index is the tracking index…
Read MoreMAC Solar Index June 2023 Quarterly Review Changes
As part of the regular quarterly Index review process that takes effect after the close of business on June 16, 2023, Hanwha Galleria Co Ltd (452260 KS) will be dropped from the Index, while one stock will be added: Clearway Energy Inc Cl C (CWEN US).
Read MoreMAC Solar Index Methodology Change Announcement
Addition of New Business Involvement Screen and Changes to the Governance Score Screen — S&P DJI Netherlands B.V., a wholly owned subsidiary of S&P Dow Jones Indices LLC, (“S&P Dow Jones Indices” or “S&P DJI”), and the benchmark administrator for the MAC Global Solar Index, on April 27, 2023, announced the results of a public…
Read MoreMAC Solar Index Constituent Add Announcement
Hanwha Solutions (009830 KS), a current Index constituent, is spinning off a division, Hanwha Galleria Co Ltd (452260 KS), to its shareholders and Hanwha Galleria will therefore be added to the index effective on Friday, March 31, 2023.
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