Alert: Major Price Decline (8/1/24)-VanEck Vectors Solar Energy ETF (NYSE: AG).

On 8/1/24, VanEck Vectors Solar Energy ETF (NYSE: AG) stock suffered a major decline of -13.4%, closing at $5.35. Moreover, exceptionally high trading volume at 401% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.8% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, AG is expected to continue to be Value Creation neutral.

First Majestic Silver has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. First Majestic Silver has a neutral Appreciation Score of 52 but a very high Power Rating of 89, resulting in the Highest Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.