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TAN - ETF AI Analysis
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Invesco Solar ETF (TAN)
Rating:60Neutral
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)
AUM1.04B
RegionGlobal
Expense Ratio0.70%
Beta0.84
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. Volume827,735
30 Day Avg. Volume960,760
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
58.21Price 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 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 riding the wave of renewable energy, with a strong focus on solar power. Leading the charge is Enlight Renewable Energy, whose bullish performance and growth potential have been bright spots for the fund. First Solar and NEXTracker are also steady contributors, benefiting from strategic initiatives and solid financials. However, Enphase Energy and GCL-Poly Energy Holdings are dimming the fund’s outlook, with bearish momentum and financial struggles dragging on returns. With a heavy concentration in technology and global exposure, TAN remains a bet on the future of clean energy innovation.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| First Solar | 9.83% | $102.71M | $29.19B | 35.93% | 75 Outperform | |
| Nextpower Inc | 9.83% | $102.71M | $13.30B | 108.36% | 78 Outperform | |
| Sunrun | 6.44% | $67.31M | $4.25B | 60.95% | 52 Neutral | |
| Enphase Energy | 6.25% | $65.26M | $4.45B | -52.73% | 61 Neutral | |
| Enlight Renewable Energy | 5.97% | $62.37M | $6.54B | 199.68% | 77 Outperform | |
| GCL-Poly Energy Holdings | 5.90% | $61.60M | HK$37.53B | -20.00% | 38 Underperform | |
| SolarEdge Technologies | 3.99% | $41.73M | $1.87B | 74.96% | 49 Neutral | |
| HASI | 3.98% | $41.64M | $3.98B | 17.77% | 70 Outperform | |
| Xinyi Solar Holdings | 3.94% | $41.20M | HK$28.17B | 7.14% | 55 Neutral | |
| Solaria Energia y Medio Ambiente | 3.49% | $36.46M | €2.28B | 124.61% | 76 Outperform |
TAN Technical Analysis
Positive
―
Price Trends
48.91
Positive
46.23
Positive
39.81
Positive
Market Momentum
0.80
Negative
60.20
Neutral
80.29
Negative
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 49.37, equal to the 50-day MA of 48.91, and equal to the 200-day MA of 39.81, indicating a bullish trend. The MACD of 0.80 indicates Negative momentum. The RSI at 60.20 is Neutral, neither overbought nor oversold. The STOCH value of 80.29 is Negative, 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
51.51
17.37
50.88%
IVES
Dan IVES Wedbush AI Revolution ETF
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CRBN
iShares MSCI ACWI Low Carbon Target ETF
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CGW
Invesco S&P Global Water Index ETF
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―
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BUG
Global X Cybersecurity Etf
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PBW
Invesco WilderHill Clean Energy 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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