$TAN Is This Getting Ready for a Stage 2 Breakout?Clean Energy (Solar) has been in a downtrend since January 2021! Every time it looks like it is setting up for a stage 2 breakout, it has broken down. Will this time be different?
Here is what I see on this chart.
TAN
was in a clear downtrend until mid-December 2024. Then it challenged its previo
Key stats
About Invesco Solar ETF
Home page
Inception date
Apr 15, 2008
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
TAN offers a unique take on renewable energy, holding a concentrated portfolio of companies involved in the solar energy industry, thus cutting out much of the broader renewable energy market. Selection begins with global solar energy companies of all caps including all solar technologies (crystalline and thin-film photovoltaic solar and solar thermal), the entire value chain (raw materials, installers, to financing), and related solar equipment (power inverters and encapsulates). Eligible companies are categorized into either pure-play or medium-play. Pure-play companies have the solar industry as their primary business, generating more than two-thirds of their revenue. Medium-play companies cover those with multiple business industries but still generate more than one-third of their revenue from solar-related businesses. The funds weighting tilts towards pure-plays and underweights the medium-play firms. The index is rebalanced quarterly.
Classification
What's in the fund
Exposure type
Electronic Technology
Utilities
Stock breakdown by region
Top 10 holdings
Opening (IRA): TAN February 21st 32 Covered Call... for a 31.17 debit.
Comments: Still in the top 5 underlyings for IV on my ETF board, with 30-day at 35.0%. Adding at strikes better than what I currently have on after exiting the 33's at 50% max. Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, bu
Opening (IRA): TAN Nov 15th 37 Covered Call... for a 35.89 debit.
Comments: Relatively decent IV here at 42.8%. Selling the -75 delta call against stock to emulate the delta metrics of a +25 delta short put, but with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 35.89
Max Profit: 1.11
ROC at Max: 3.09%
Opening (IRA): TAN January 17th 33 Covered Call... for a 32.29 debit.
Comments: ETF IV > 35% with 30-day currently at 39.7%. Adding to my position at strikes better than what I currently have on, selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Dink
Opening (IRA): TAN Jan 17th 33 Short Put... for a 1.01 credit.
Comments: Adding to my TAN position at a strike/break even better than what I currently have on. Here, going Plain Jane short put, since there isn't a great advantage to going monied covered call here because the IV skew isn't between the call and put sides isn't significan
Opening (IRA): TAN Dec 20th 34 Covered Call... for a 32.69 debit.
Comments: High IVR/IV at 115.8/57.1. Adding a rung out in December to my position at a break even better than what I currently have on. (See Post Below). Selling the -75 delta call against stock to emulate a 25 delta short put, but with the built-in defense of the short c
Opening (IRA): TAN October 18th 33/40/40/47... for a 3.55 credit.
Comments: Another risk one to make one iron fly in an underlying I'm not currently in with fairly decent 30-day IV at 38.9%.
Metrics:
Buying Power Effect: 3.45
Max Profit: 3.55
ROC at Max: 102.90%
25% Max: .89
ROC at 25% Max: 25.72%
Will look to take profit at 25% max.
Opening (IRA): TAN August 30th 38 Covered Call... for a 37.00 debit.
Comments: Back into TAN (30-Day IV: 47.6%), selling the -76 call against stock to emulate the delta metrics of a 25 delta short put, but with built-in short call defense. Going with the August 30th, 46 DTE contract.
Metrics:
Buying Power Effect/Break Even: 37.00/share
Max
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TAN trades at 31.73 USD today, its price has risen 0.92% in the past 24 hours. Track more dynamics on TAN price chart.
TAN net asset value is 31.57 today — it's risen 23.20% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
TAN assets under management is 641.74 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
TAN price has risen by 9.68% over the last month, and its yearly performance shows a −32.01% decrease. See more dynamics on TAN price chart.
NAV returns, another gauge of an ETF dynamics, showed a −3.88% decrease in three-month performance and has decreased by −19.56% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −3.88% decrease in three-month performance and has decreased by −19.56% in a year.
TAN fund flows account for −159.91 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TAN invests in stocks. See more details in our Analysis section.
TAN expense ratio is 0.71%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, TAN isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, TAN technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating TAN shows the sell signal. See more of TAN technicals for a more comprehensive analysis.
Today, TAN technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating TAN shows the sell signal. See more of TAN technicals for a more comprehensive analysis.
Yes, TAN pays dividends to its holders with the dividend yield of 0.49%.
TAN trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
TAN shares are issued by Invesco Ltd.
TAN follows the MAC Global Solar Energy Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 15, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.