The Guggenheim Solar ETF (NYSE: TAN) has been a total dud due to the fact that solar shares are only liked now by short sellers and the White House.� These stocks have turned out to be just absolutely awful and�the poor performance of these holdings�killed the performance of this ETF.� The performance was so bad that the ETF decided to conduct a 1-for-10 reverse stock split to get its share price back up.
Gugg
enheim Partners, LLC, has now executed that 1-for-10 reverse share split and Yahoo! Finance mistakenly has it trading up 900% or so. While the ETF will continue to trade on the NYSE Arca under the same “TAN” stock ticker, it may take a while for all of the quote systems to catch up.
Yahoo! Finance indicates a 907% gain, Google Finance shows it properly with a 0.59% gain, and AOL’s DailyFinance site has it properly listed as well.�
First Solar, Inc. (NASDAQ: FSLR) is the top holding of the US-traded stocks with over 10% weighting, and this is down over 75% from its 52-week highs.
GT Advanced Technologies, Inc. (NASDAQ: GTAT) is another high-weighting at almost 7.3% weighting.� This one is still down not even by half from its 52-week high, a miracle by solar stock standards today.
TRINA�SOLAR LTD. (NYSE: TSL) is 5.22% of the weighting, and it is down by more than two-thirds from its 52-week high..
MEMC�Electronic Materials, Inc. (NYSE: WFR) accounts for 4.3% of the weighting and it has been a painful hold down by almost three-quarters from its 52-week high.
What was the best way to make a small fortune over the last year?� By investing a large fortune in solar stocks of late.
JON C. OGG
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