This week, the Invesco Solar ETF (TAN) dropped 15% from $125 per share to about $105, leaving investors wondering if the solar trade is done.
If it were any other sector this would be concerning. But for the clean energy sector, this pullback reinforces a very strong, very lucrative trend.
We’ve seen this sort of price drop happen three times since January. These 15% pullbacks have been fast and volatile, taking just five days to move from peak to bottom.
But every time this happened, a bull rally immediately followed.
For example, the TAN started the year on a supercharged rally with many of its component companies posting 100%-plus returns in the first two months of trading.
We’re entering a short window of opportunity to take advantage of this consistent pattern for fast profits.
Not only is the government’s next stimulus package focused on clean energy, my charts show me that we’re about to enter another rapid-profit cycle.
This powerful combination is giving us an amazing opportunity.