TAN Stock Recent News
TAN LATEST HEADLINES
President Joe Biden's administration has rolled out its much-anticipated new tariffs targeting Chinese electric vehicles and other key products from that country.
The First Trust NASDAQ Clean Edge Green Energy ETF casts a wide net across different renewable energy themes. The iShares Global Clean Energy ETF is a bet on increased international investment in renewable power generation.
Rising global warming and its adverse impact on Earth makes it important for investors to be socially responsive while creating their investment portfolio. While these stocks and ETFs should gain, rising natural disasters should also boost businesses of disaster recovery stocks.
Rising global warming and its adverse impact on Earth makes it important for investors to be socially responsive while creating their investment portfolio. While these stocks and ETFs should gain, rising natural disasters should also boost businesses of disaster recovery stocks.
Invesco Solar ETF allows investors to benefit from the growth of the photovoltaic sector without high specific risks. TAN is expected to perform well due to increased demand for new photovoltaic installations and potential interest rate reductions. The ETF faces risks such as political factors, tariffs on Chinese and Taiwanese companies, volatility, and competition in the market.
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.