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TAN - ETF AI Analysis
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Invesco Solar ETF (TAN)
Rating:59Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown solid gains over the past three months and year to date, indicating improving momentum in its solar-focused holdings.
Leading Solar Companies in Top Holdings
Several of the largest positions, such as Nextpower, Enlight Renewable Energy, and GCL-Poly Energy, have delivered strong year-to-date performance, helping drive the fund’s returns.
Global Solar Exposure
Holdings spread across the U.S., Hong Kong, Israel, and several European and Asian countries provide geographic diversification within the solar industry.
Negative Factors
High Sector Concentration in Solar and Technology
With most assets in technology and solar-related industries, the fund is heavily exposed to swings in a single theme rather than the broader market.
Notable Underperformers in Top Positions
Some major holdings like First Solar and Sunrun have shown weak year-to-date performance, which can drag on overall returns if the weakness continues.
Relatively High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, meaning more of the investment return is used to cover fees instead of staying with investors.
TAN vs. SPDR S&P 500 ETF (SPY)
AUM1.61B
RegionGlobal
Expense Ratio0.70%
Beta0.79
IssuerInvesco
Inception DateApr 15, 2008
Dividend YieldN/A
Asset ClassEquity
Index TrackedMAC Global Solar Energy Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,406,255
30 Day Avg. Volume1,085,851
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
59.54Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering27
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TAN Summary
The Invesco Solar ETF (TAN) is a fund that follows the MAC Global Solar Energy Index, focusing on companies involved in solar power, such as makers of solar panels and related technology. It holds well-known solar names like First Solar and Enphase Energy, along with other firms helping build and finance solar projects around the world. Someone might invest in TAN to bet on the long-term growth of clean energy and to align their money with environmental goals. A key risk is that it is heavily concentrated in the solar sector, so its price can swing sharply with changes in energy policy and technology trends.
How much will it cost me?The Invesco Solar ETF (TAN) has an expense ratio of 0.71%, meaning you’ll pay $7.10 per year for every $1,000 invested. This is higher than average because it is actively managed and focuses on a specialized niche in the solar energy sector, which requires more research and management effort.
What would affect this ETF?The Invesco Solar ETF (TAN) could benefit from growing global support for renewable energy, advancements in solar technology, and increasing adoption of clean energy solutions, which align with its focus on the solar sector. However, potential challenges include rising interest rates that may increase borrowing costs for solar companies, regulatory changes, or competition from other renewable energy sources. Its global exposure and reliance on technology and energy sectors make it sensitive to economic conditions and shifts in government policies.
TAN Top 10 Holdings
TAN is a pure solar play, and its story right now is all about a tug-of-war within a tightly focused, global clean-energy lineup. Nextracker and Enlight Renewable Energy are doing the heavy lifting, with rising share prices that help power the fund higher. Enphase and SolarEdge are more mixed, showing some recent strength but still wrestling with industry headwinds. On the flip side, First Solar and especially Sunrun are losing steam, acting as noticeable drags. With most exposure in solar tech and equipment, TAN is concentrated and volatile by design.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nextpower Inc | 11.03% | $173.64M | $16.96B | 141.52% | 78 Outperform | |
| First Solar | 7.25% | $114.08M | $23.66B | 37.99% | 75 Outperform | |
| Enphase Energy | 7.13% | $112.26M | $5.78B | -30.97% | 61 Neutral | |
| Enlight Renewable Energy | 6.82% | $107.28M | $8.59B | 277.34% | 77 Outperform | |
| Sunrun | 5.76% | $90.65M | $4.22B | 106.35% | 52 Neutral | |
| GCL Technology Holdings Limited | 5.41% | $85.14M | HK$40.19B | 0.00% | 38 Underperform | |
| SolarEdge Technologies | 4.01% | $63.18M | $2.06B | 110.33% | 49 Neutral | |
| HASI | 3.94% | $62.09M | $4.52B | 27.87% | 70 Outperform | |
| Xinyi Solar Holdings | 3.92% | $61.66M | HK$32.84B | 0.48% | 55 Neutral | |
| Doral Energy | 3.88% | $61.09M | ₪10.57B | 263.33% | 54 Neutral |
TAN Technical Analysis
Positive
―
Price Trends
52.08
Positive
49.70
Positive
43.21
Positive
Market Momentum
1.75
Negative
60.39
Neutral
70.83
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For TAN, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 55.72, equal to the 50-day MA of 52.08, and equal to the 200-day MA of 43.21, indicating a bullish trend. The MACD of 1.75 indicates Negative momentum. The RSI at 60.39 is Neutral, neither overbought nor oversold. The STOCH value of 70.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TAN.
TAN Peer Comparison
Comparison Results
Performance Comparison
TAN
Invesco Solar ETF
57.92
23.02
65.96%
IGF
iShares Global Infrastructure ETF
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―
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BAI
iShares A.I. Innovation and Tech Active ETF
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GRID
First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index
―
―
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GUNR
FlexShares Morningstar Global Upstream Natural Resources Index Fund
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ARKK
Ark Innovation Etf
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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