Notable companies
The most notable companies in this group are First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), SolarEdge Technologies (NASDAQ:SEDG), Canadian Solar (NASDAQ:CSIQ).
Industry description
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Solar Index ("underlying index").
The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of solar technology. The fund is non-diversified.
Market Cap
The average market capitalization across the Global X Solar ETF ETF is 5.53B. The market cap for tickers in the group ranges from 694.49M to 18.04B. FSLR holds the highest valuation in this group at 18.04B. The lowest valued company is NOVA at 694.49M.
High and low price notable news
The average weekly price growth across all stocks in the Global X Solar ETF ETF was 21%. For the same ETF, the average monthly price growth was 6%, and the average quarterly price growth was 34%. NOVA experienced the highest price growth at 15%, while ENPH experienced the biggest fall at -13%.
Volume
The average weekly volume growth across all stocks in the Global X Solar ETF ETF was 83%. For the same stocks of the ETF, the average monthly volume growth was 28% and the average quarterly volume growth was 80%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 81
P/E Growth Rating: 73
Price Growth Rating: 74
SMR Rating: 79
Profit Risk Rating: 95
Seasonality Score: -41 (-100 ... +100)