TAN Stock Recent News
TAN LATEST HEADLINES
Energy stocks have performed well, but renewable energy stocks like the Invesco Solar ETF have not seen the same success. TAN has sharply underperformed the S&P 500 over the past six months, and shares have reached a pivotal support point. Trading at less than 16x earnings, the rate-sensitive space is threatening to make lows going back to July 2020.
Here is what I posted on X on Tuesday: Here is a thought from my Outlook 2024– Environment – Solar stocks did not have a good 2023. For 2024, we are watching First Solar ($FSLR), and the ETF Invesco Solar Energy (TAN).
Interest rates have a major impact on capital-intensive investments like renewables. The Invesco Solar ETF and Global Clean Energy ETF are excellent ways to invest in renewable energy.
2023 has been tough for the solar industry, but this has not stopped impressive growth despite the challenges. Stocks are down, but business actually looks bright. The Invesco Solar ETF is a US-focused view of the solar industry and this impacts the cautious view about solar in 2023, notwithstanding recent plans to dramatically expand renewable investment. With a successful COP28, and climate emergencies everywhere, the solar industry is likely to do well in the near future.
Invesco Solar ETF is a tactical trading vehicle rather than a long-term investment due to the volatile nature of the solar industry. The solar industry faces challenges and skepticism, with some believing that it can only survive with significant government subsidies. TAN has the potential for a 25% upside in the short term, but also a 40% downside if market conditions worsen. It is currently recommended as a Hold.
COP28 in 2023 was a critical meeting for advancing and accelerating global climate action efforts. The meeting puts these ETFs in focus.
The conclusion of the 2023 United Nations Climate Change Conference or COP28 in Dubai this week for the first time included a historic agreement to move away from using fossil fuels, boosting renewable energy stocks.
Bull vs. Bear is a weekly feature where the VettaFi writers' room takes opposite sides to debate controversial stocks, strategies, or market ideas — with plenty of discussion of ETF ideas to play either angle. For this edition of Bull vs.
While the environmental news continues to be dire and bleak, there's a ray of light amidst the darkness. Dropping costs and improving technology have led to a rise in renewable energy.