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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)
AUM1.48B
RegionGlobal
Expense Ratio0.70%
Beta0.85
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. Volume1,908,140
30 Day Avg. Volume1,321,110
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
60.09Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering26
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 performance is being steered by a handful of fast-moving names. Nextracker and Enphase are doing much of the heavy lifting, with both stocks rising on strong growth and upbeat sentiment around solar hardware and technology. Enlight Renewable Energy and Doral Energy add more fuel to the rally, though their high debt and shaky cash flows make the ride bumpier. On the flip side, First Solar and Xinyi Solar have been lagging, acting as a brake. Overall, this is a globally diversified, tech-tilted bet squarely on the solar theme.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nextpower Inc | 10.45% | $152.37M | $15.06B | 144.06% | 78 Outperform | |
| Enlight Renewable Energy | 8.76% | $127.68M | $10.84B | 365.44% | 77 Outperform | |
| Enphase Energy | 6.94% | $101.13M | $5.27B | -34.72% | 61 Neutral | |
| First Solar | 6.64% | $96.78M | $20.30B | 36.00% | 75 Outperform | |
| GCL Technology Holdings Limited | 5.15% | $75.09M | HK$35.87B | 25.22% | 38 Underperform | |
| Doral Energy | 4.89% | $71.32M | ₪13.08B | 371.26% | 54 Neutral | |
| HASI | 4.21% | $61.41M | $4.58B | 19.85% | 70 Outperform | |
| SolarEdge Technologies | 4.16% | $60.63M | $2.02B | 98.28% | 49 Neutral | |
| Sunrun | 3.83% | $55.82M | $2.66B | 58.38% | 52 Neutral | |
| Xinyi Solar Holdings | 3.82% | $55.64M | HK$30.00B | -12.01% | 55 Neutral |
TAN Technical Analysis
Neutral
―
Price Trends
54.65
Negative
51.46
Positive
45.01
Positive
Market Momentum
-0.16
Positive
40.50
Neutral
11.41
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For TAN, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 57.62, equal to the 50-day MA of 54.65, and equal to the 200-day MA of 45.01, indicating a neutral trend. The MACD of -0.16 indicates Positive momentum. The RSI at 40.50 is Neutral, neither overbought nor oversold. The STOCH value of 11.41 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TAN.
TAN Peer Comparison
Comparison Results
Performance Comparison
TAN
Invesco Solar ETF
53.28
20.73
63.69%
CIBR
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GRID
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GUNR
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ARKK
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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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