The TAN ETF seduces traders with robust holdings, returns – ETF developments

| |

Amid the expectation that political change will provide more fuel for the blessing of renewable energies, Invesco Solar ETF (TAN) has emerged as one of the top performing non-leveraged exchange traded funds over the past year.

Founded in 2008, TAN seeks to track the investment results of the MAC Global Solar Energy Index, which aims to provide exposure to companies that are listed on stock exchanges in developed countries and that generate a significant portion of their revenues from the following businesses of Solar Industry: Manufacturers of solar power systems , including add-on or enabling products.

Politics helps, but TAN offers some other benefits, including being home to some fundamentally solid companies.

“Solar energy stocks have seen significant growth over the past few months, supported by factors such as regulatory changes. The growth of these stocks is reflected in the ROI of selected leading solar energy companies, ”said Trading Platforms.Data presented by Trading Platforms shows that four leading solar energy stocks had an average ROI of 135.2% over the past six months between July 27, 2020 and January 27, 2021. Jinko Solar Holding has the highest ROI at 264.12%. “

Deep strength in the TAN ETF

As the world moves more towards renewable energy sources, solar energy could be one of the main beneficiaries. According to a report from the US Solar Energy Market – Growth, Trends, and Forecasts 2020-2025, more growth is ahead in the next five years.

“The US solar energy market is projected to grow 17.32% in 2020-2025,” the report said. “Factors such as solar PV projects under construction in the pipeline and planning phase, as well as government support measures, are expected to increase the cumulative installed capacity of solar energy over the forecast period.”

Data confirming that solar and wind prices will continue to fall in the next decade support the long-term cases for TAN. According to some market watchers, renewable energy prices could rise due to the coronavirus, but the consensus seems to be that the rise will be short-lived, if it happens at all.

“Solar inventories have spiked in the last few months following Joe Biden's election as 46th President of the United States, largely due to his administration's support for clean energy. Since taking office, Biden has directed the US to rejoin the Paris Agreement after his predecessor Donald Trump withdrew America from the deal calling on countries to expand renewable energy, ”added Trading Platforms. “In general, Biden's promise to put the US on a path to a zero-emissions future has fueled the expansion of the sector. This suggests that the industry could grow even faster in the coming years than forecasts suggest. Investors are therefore considering putting their money in the sector to reap later. “

For more news, information and strategy, visit the ETF Education Channel.

The opinions and predictions expressed here are solely those of Tom Lydon and may not actually be fulfilled. Information on this website should not be used or construed as an offer to sell, the solicitation of an offer to buy, or a recommendation for any product.


Covid-19 Influence on Solar Battery Charger Market 2020-2028 – Suntrica, EMPO-NI, Suntactics, Voltaic, Purpose Zero, Xtorm, and many others. – FLA Information – FLA Information

SunPower Launches New Solar Storage Monitoring App For Dwelling House owners