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Solar ETFs on the Move

Electricity from solar panels, dams, and wind turbines. Environmentally-friendly renewable energy concept.

With oil prices booming, solar and renewable energy ETFs are on the move. The Invesco Solar ETF (TAN) is up nearly 18% in the past month. IShares S&P Global Clean Energy Index Fund (ICLN) is up 18% as well. The Invesco Wilderhill Clean Energy ETF is also up 16% in the past month.

ETF Newz Says: Oil prices are soaring reaching over $100 a barrel which means gas prices as high as $5-6 a gallon. Alternative energy gets a longer look once again. With Energy prices on the rise, solar can be more competitive.