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TAN - ETF AI Analysis
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Invesco Solar ETF (TAN)
Rating:62Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several key holdings, such as NEXTracker and SolarEdge Technologies, have delivered strong year-to-date performance, driving the ETF's returns.
Focus on Growth Sectors
The ETF is heavily weighted in high-growth sectors like Technology and Energy, which are poised for long-term expansion.
Global Diversification
While primarily focused on the U.S., the ETF also includes exposure to international markets like Hong Kong and Israel, adding geographic diversification.
Negative Factors
High Expense Ratio
The ETF charges a relatively high expense ratio compared to other funds, which can eat into investor returns over time.
Underperforming Holdings
Some top holdings, such as Enphase Energy and GCL-Poly Energy, have struggled with negative year-to-date performance, potentially dragging down overall returns.
Sector Concentration Risk
With nearly 69% of its portfolio in the Technology sector, the ETF is highly exposed to risks specific to this industry.
TAN vs. SPDR S&P 500 ETF (SPY)
AUM907.75M
RegionGlobal
Expense Ratio0.71%
Beta0.88
IssuerInvesco
Inception DateApr 15, 2008
Dividend Yield0.35%
Asset ClassEquity
Index TrackedMAC Global Solar Energy Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,005,589
30 Day Avg. Volume899,624
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
52.10Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering31
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TAN Summary
The Invesco Solar ETF (TAN) is an investment fund that focuses on companies in the solar energy industry. It tracks the MAC Global Solar Energy Index, which includes businesses like First Solar and Enphase Energy that manufacture solar panels and provide solar technology solutions. This ETF is a great option for investors who want to support renewable energy while potentially benefiting from the growth of the solar sector, which is driven by increasing global demand for clean energy. However, new investors should be aware that the fund is heavily tied to the solar industry, meaning its performance can be affected by changes in energy policies or market demand for solar power.
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
The Invesco Solar ETF (TAN) is heavily concentrated in the solar energy sector, with a global mix of holdings that showcase the industry's dynamic landscape. First Solar and Enlight Renewable Energy are rising stars, driving performance with strong earnings and strategic growth. However, Enphase Energy and GCL-Poly Energy Holdings are lagging, weighed down by bearish momentum and financial challenges. The fund leans heavily into technology, making it a bet on innovation in solar power, but the mixed performance of key names highlights the sector's volatility.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| NEXTracker, Inc. Class A | 11.86% | $110.51M | $13.36B | 131.70% | 78 Outperform | |
| First Solar | 11.33% | $105.65M | $27.94B | 35.11% | 78 Outperform | |
| Sunrun | 6.44% | $60.06M | $4.33B | 57.44% | 55 Neutral | |
| GCL-Poly Energy Holdings | 5.00% | $46.62M | HK$38.20B | -21.59% | 38 Underperform | |
| Enphase Energy | 4.92% | $45.91M | $3.63B | -62.01% | 61 Neutral | |
| Enlight Renewable Energy | 4.79% | $44.65M | $4.98B | 132.77% | 77 Outperform | |
| SolarEdge Technologies | 4.71% | $43.95M | $2.09B | 151.64% | 49 Neutral | |
| HASI | 4.24% | $39.53M | $4.23B | 6.50% | 76 Outperform | |
| Solaria Energia y Medio Ambiente | 4.01% | $37.36M | €2.07B | 86.75% | 76 Outperform | |
| Clearway Energy | 3.65% | $33.98M | $7.29B | 26.38% | 70 Neutral |
TAN Technical Analysis
Positive
―
Price Trends
46.94
Positive
43.22
Positive
37.69
Positive
Market Momentum
-0.12
Positive
46.88
Neutral
29.11
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 48.87, equal to the 50-day MA of 46.94, and equal to the 200-day MA of 37.69, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 46.88 is Neutral, neither overbought nor oversold. The STOCH value of 29.11 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
47.08
10.72
29.48%
BUG
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CGW
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CRBN
iShares MSCI ACWI Low Carbon Target ETF
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CHAT
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PBW
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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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