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Solar’s Most Hated Year Became Its Best Five Months. The Setup That Explains the 120% Gain.
Key takeaways
- Solar’s Most Hated Year Became Its Best Five Months.
- SPY returned 11% over that stretch, but solar s 120% twelve-month gain came from an IRA policy threat that simply never materialized.
- New buyers at $71 are paying for a recovery already priced in.
Solar’s Most Hated Year Became Its Best Five Months. The Setup That Explains the 120% Gain. Miha Creative / Shutterstock.com Michael Williams Wed, June 3, 2026 at 6:15 PM GMT+7 6 min read SPY TAN NVDA Quick Read TAN surged 45% in the first 5 months of 2026, recovering from years of damage, but shares still sit 8% below their 5-year level.
SPY returned 11% over that stretch, but solar s 120% twelve-month gain came from an IRA policy threat that simply never materialized.
New buyers at $71 are paying for a recovery already priced in. Future gains require earnings growth, not sentiment re-rating, which is a much harder ask.
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