The solar stock rising 500% to power this top tech trust


A solar power stock that has soared over 500% year-to- date has boosted Allianz Global Investors' RCM Global Technology trust to top-decile performance.

European investors tend to associate solar power with government subsidies and EIS schemes stimulating start-ups. However, US company SunPower is building a presence in what manager Walter Price (pictured) describes as “high cost, high power areas” such as California and Japan. These are markets where authorities are encouraging a switch to solar power for a growing portion of the huge amounts of power used. “SunPower has super-charging stations it is putting around the country on long stretches of highway, so if you are driving from San Francisco to Los Angeles you can charge your...

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