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Harris Roen
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Harris Roen is a financial writer with a passion for understanding the economic activity of our interconnected world. His previous experience of over 15 years as a professional portfolio manager helps him ground-truth the hype through independent research and analysis, providing valuable... More
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Roen Financial Report
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  • Danger Ahead For Alternative Energy Mutual Funds And ETFs?

    (click to enlarge)Green Mutual Fund Returns Falter

    Returns for green mutual funds have slid as of late. Longer term, however, alternative energy MFs are still showing strong gains. All MFs are in positive territory for the past 12 months, and 6 out of 14 funds are up double digits. Three year returns have faired even better, showing an annualized return of 14.3% on average.

    Short term, however, almost all the funds have given up a significant amount of their recent gains. For example, Firsthand Alternative Energy (MUTF:ALTEX), the MF with the best one-year returns, gave up 6.1% of its gains in September. In fact all MFs are trading down in the past month, and 11 out of 14 funds are in the red for the past quarter... [Read More]

    (click to enlarge)

    Alternative Energy ETFs Lower Gains

    Alternative energy ETFs are down substantially from the levels they were at earlier this year. ETFs are up over 9% on average in 12 months, but this is much below the 28% average gains ETFs had in June, and the 65% average annual returns ETFs were seeing in November 2013. All ETFs are down for the month, and 15 out of 17 show losses for the quarter.

    The ETF with the best one-year return is Guggenheim Solar (NYSEARCA:TAN), up over 30% in the past 12 months. This is not surprising, considering TAN holds many high-flying solar stocks, including SolarCity (NASDAQ:SCTY), Enphase Energy (NASDAQ:ENPH) and SunPower (NASDAQ:SPWR)... [Read More]

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Oct 09 7:15 AM | Link | Comment!
  • Stock Alert: STRI

    Today's Alert: STR Holdings, Inc (NYSE:STRI)

    A solar microcap stock gets a lift.

    STR Holdings, Inc (STRI)More Info
    Penny stock STR Holdings gets investor attention after an analyst upgrade. STRI gains 5% on extremely large one-day volume, and has gained 27% from its lows in July.WKRB News

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: STRI
    Sep 17 8:45 AM | Link | Comment!
  • Bull Market In Alternative Energy Mutual Funds And ETFs

    Alternative Energy Mutual Fund Returns

    Robust Alternative Energy Mutual Fund Returns

    Alternative energy mutual funds remain a strong investment sector, showing extremely robust returns in June. On average, MFs gained 28.1% for the year, and every fund posted double digit returns. Also without exception, all funds are up for the past three months.

    More importantly, long-term returns for alternative energy mutual funds have greatly improved in the past year. In June 2013, the average three-year return was 3.0%, with three out of 10 funds showing losses… [Read More]

    (click to enlarge)

    Green ETFs Increase Gains

    Green ETFs have significantly increased their gains since May, up 37.6% on average for the year. This is substantial improvement compared to the 25.7% average annual gain a month ago.

    There is only one fund showing a loss for the year, Market Vectors Rare Earth/Strategic Metals (NYSEARCA:REMX). Otherwise all ETs have returned near 20% or better for the year. The two solar ETFs, Guggenheim Solar (NYSEARCA:TAN) and Market Vectors Solar Energy ETF (NYSEARCA:KWT) show the greatest gains by far… [Read More]

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Jul 01 3:46 PM | Link | Comment!
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