Earlier this year, when the Deepwater Horizon rig exploded, energy policies were thrust into the spotlight. For as long as oil leaked into the Gulf of Mexico, many policymakers discussed alternative energies and stiff oil drilling regulations to help prevent not only another accident, but to help wean the U.S. off of its fossil fuel dependence. But since the well was officially sealed in late September, it seems that energy has been hiding in the shadows of numerous issues that currently weigh on global economies. As international affairs burden markets, investors are forced to deal with the more immediate issues, and it seems like the energy sector as a whole has remained dormant [see also Three ETFs to Watch If Roubini Is Right About Europe].
Today, Trina Solar Limited
TSL will report its earnings before market open today, and it has high expectations to meet. Analysts have predicted an EPS of $0.87, with revenues reaching the $420 million mark. This compared to last quarter when the firm had EPS of just $0.50, showing the growth that many market experts expect out of the firm. TSL has not missed earnings marks in over a year, pointing to careful fiscal management that will hopefully pay off for investors today. Another factor to consider with any clean energy firm is oil prices; typically as oil prices rise, clean energy firms tend to gain, and vice versa. But this past quarter has seen oil prices fluctuate heavily, so the extent to which it could effect any one company is nearly impossible to measure [see also Five Ultra-Concentrated ETFs].
With this earnings announcement set for today, the Market Vectors Solar Energy ETF
More from ETFdb.com:
- PowerShares to Reshuffle ETF Indexes
- Smartphone ETF on the Horizon?
- This Week in ETFs: June 25th Edition
Disclosure: No positions at time of writing.
ETF Database is not an investment advisor, and any content published by ETF Database does not constitute individual investment advice. The opinions offered herein are not personalized recommendations to buy, sell or hold securities. From time to time, issuers of exchange-traded products mentioned herein may place paid advertisements with ETF Database. All content on ETF Database is produced independently of any advertising relationships. Read the full disclaimer here.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.