2-Jul-2026
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Solar stocks gain as U.S. reportedly preparing ban targeting Chinese energy inverters
Seeking Alpha News (Tue, 30-Jun 9:28 AM ET)
The Invesco Solar ETF (Fund) is based on the MAC Global Solar Energy Index (Index). The Fund will invest at least 90% of its total assets in stock, American depositary receipts (ADRs) and global depositary receipts (GDRs) that comprise the Index. The Index is comprised of companies in the solar energy industry. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced quarterly.
Invesco Solar ETF trades on the ARCA stock market under the symbol TAN.
As of July 2, 2026, TAN stock price declined to $56.32 with 1,163,186 million shares trading.
TAN has a beta of 1.31, meaning it tends to be more sensitive to market movements. TAN has a correlation of 0.21 to the broad based SPY ETF.
TAN has a market cap of $1.65 billion. This is considered a Small Cap stock.
In the last 3 years, TAN traded as high as $75.60 and as low as $25.53.
TAN has outperformed the market in the last year with a return of +59.8%, while the SPY ETF gained +21.8%. However, in the most recent history, TAN shares have underperformed the stock market with its stock returning +0.1% in the last 3 month period and -3.6% for the last 2 week period, while SPY has returned +14.0% and +1.0%, respectively.
TAN support price is $56.07 and resistance is $59.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TAN shares will trade within this expected range on the day.