TAN Stock Recent News
TAN LATEST HEADLINES
Despite TAN's recent underperformance, I maintain a buy rating due to its low P/E ratio and potential for bullish seasonality from April to July. TAN's high exposure to global small caps and tech sector has weighed on performance, but its valuation has become more attractive. The ETF's technical chart shows a downtrend with resistance levels, yet an upside gap at $41 suggests potential recovery.
The spotlight that once shone on the solar stocks has dimmed in a significant way in the months leading up to the presidential election.
I had another dream over the weekend. This dream wasn't the same as the ones I have had about sugar in 2019 or gold in 2020 or the Swiss Franc in 2024.
Energy companies have put up mixed results for the latest quarter. Some have outperformed expectations and others have significantly underperformed.
The solar energy sector has suffered a massive downturn and is hovering near a four-year low. However, companies that were able to reduce manufacturing capacity have been generally better off.
President Joe Biden is probably recording his best chances of winning as yet in swing states (per Bloomberg), even after his apparent debate loss.
Despite many governments and activists worldwide stating that renewable energy is the future, several companies that have invested in the industry have started to struggle. This has culminated in a few renewable energy stocks to sell to avoid portfolio losses.
The solar energy industry has seen growth due to technological innovation and global movement towards renewables, despite a bear market for solar stocks. Invesco Solar ETF provides broad exposure to solar energy companies, with a focus on mid and small-cap growth companies in the sector. The TAN ETF offers global exposure with a mix of US and Chinese companies, outperforming peers like RAYS and poised for potential growth in the future.
The increasing focus on finding alternative energy sources and diminishing global reliability on fossil fuels has resulted in clean energy investments surging $2 trillion. Capitalize on the growing commitment of global economies to combat climate change with clean energy ETFs.
Economic data highlighted slowing inflation, raising hopes for interest rate cuts — and boding well for solar stocks, including First Solar.