tan stock: Invesco Solar ETF (TAN) Guide
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Invesco Solar ETF (TAN)
Short description: The term "tan stock" in common U.S. equity searches most often refers to the Invesco Solar ETF, ticker TAN. TAN is an open‑end exchange‑traded fund managed by Invesco that seeks to track the MAC Global Solar Energy Index and trades on NYSE Arca.
Overview
Searches for "tan stock" generally indicate interest in the Invesco Solar ETF (TAN). TAN's objective is to track the MAC Global Solar Energy Index, providing targeted exposure to companies that derive significant revenue from the solar energy industry.
Issuer: Invesco. Primary focus: global solar‑energy companies across the value chain — manufacturers, developers, installers, and related technology providers. Structure: an open‑end ETF listed on the NYSE Arca exchange that holds equity securities (including ADRs/GDRs) to replicate the index.
Key fund facts
Below are concise facts investors typically look for when they search "tan stock". For the latest official numbers, consult the Invesco fund page and fund prospectus.
- Ticker: TAN
- Exchange: NYSE Arca (ARCA)
- Inception date: April 15, 2008
- Net assets (AUM): approximately $1.5–2.0 billion (typical range, check issuer for up‑to‑date figure; figures fluctuate daily)
- Shares outstanding: varies with the fund's creation/redemption activity — refer to the daily fund report for current shares outstanding
- Expense ratio (net): historically ~0.69%–0.70% (net expense ratio; verify current net expense ratio on the Invesco factsheet)
- Dividend yield: typically low single digits or below 1% annualized in many periods for TAN (solar companies often reinvest earnings; check recent distribution history)
- Average daily volume: typically in the hundreds of thousands to several million shares — liquidity varies by market conditions; consult market‑data providers for current volume
Investment strategy and index methodology
When people search "tan stock" they are often trying to understand how TAN constructs exposure to the solar theme. TAN uses a replication or representative sampling approach to track the MAC Global Solar Energy Index.
The MAC Global Solar Energy Index methodology seeks to include equities of companies with primary business activities in the solar energy industry. The index applies eligibility and weighting rules designed to reflect the global solar sector while maintaining investability and liquidity.
Key points:
- TAN typically aims to invest at least 90% of its assets in securities that comprise the MAC Global Solar Energy Index (or in depositary receipts representing those securities).
- Replication approach: Invesco may hold all index constituents or a representative sample that, in aggregate, match the index's risk and return characteristics.
- Rebalancing: the index and fund rebalance periodically (commonly quarterly) to reflect changes in constituent market capitalizations, eligibility, and index rules.
- Instruments held: common equity, American depositary receipts (ADRs) and global depositary receipts (GDRs) where applicable, facilitating global exposure while trading on U.S. markets.
Portfolio composition
Sector and industry exposure
TAN's portfolio concentrates on the solar sub‑sector of clean energy. Sector weightings often show heavy exposure to technology and utilities segments within the broader energy and industrial spaces.
Industry concentration drivers include manufacturers of solar panels, inverters and balance‑of‑system components; developers and operators of utility‑scale solar farms; distributed generation companies and installers; and related technology providers (controls, battery integration, energy management).
Geographic exposure
Although TAN is U.S.‑listed, its holdings are global. Geographic exposure typically includes North American firms but also significant weightings to companies listed in Europe and Asia, including many firms that trade as ADRs/GDRs on U.S. exchanges.
Emerging market exposure can be meaningful because manufacturing and project development in the solar supply chain occur worldwide. Currency risk and country‑specific regulatory risk are therefore relevant considerations for investors viewing "tan stock" as a global play.
Top holdings
Top holdings in TAN rotate over time based on market performance and index rebalancing. Typical top weights include large solar manufacturers, diversified renewable energy companies with substantial solar operations, and technology firms supplying essential components.
Because holdings change, those searching "tan stock" should consult the latest Invesco factsheet and daily holdings report for a current top‑holdings list and weights.
Performance and historical returns
Total return and period returns
A primary reason investors search "tan stock" is to evaluate historical returns for the solar theme. Common return metrics include year‑to‑date (YTD), 1‑year, 3‑year, 5‑year and since‑inception total returns (total return includes price changes and distributions).
Solar and clean‑energy ETFs like TAN can show higher dispersion versus broad market indices because the theme is cyclical and policy‑sensitive. For exact period returns, check the Invesco performance table and major financial data providers.
Volatility and drawdowns
TAN has historically exhibited elevated volatility compared with broad market indices due to sector concentration, smaller‑cap constituents and sensitivity to commodity prices, interest rates and policy decisions.
Investors searching "tan stock" should be aware that thematic ETFs often experience large intra‑day moves and multi‑month drawdowns during risk‑off periods. Historical drawdowns often coincide with episodes of falling equity risk appetite, policy headwinds, or sharp declines in solar equipment demand.
Comparison to peers / benchmarks
TAN is one of several ETFs providing solar or clean‑energy exposure. Common peers include pure solar or broader clean‑energy ETFs. When searching "tan stock" compare TAN's sector concentration, fee level, holdings overlap and tracking methodology vs peers and broad benchmarks (e.g., S&P 500, Nasdaq 100).
Differences to note: TAN is solar‑focused and therefore typically more concentrated and volatile than broader renewable energy ETFs that diversify across wind, hydro and other clean technologies.
Trading characteristics
Market price vs NAV and premium/discount
TAN trades on an exchange at a market price that can deviate from its net asset value (NAV) per share. Factors causing premium/discount behavior include intraday flows, market maker inventory, underlying market liquidity, and periods of wide market volatility.
Authorized participants and designated market makers help keep the market price close to NAV by creating or redeeming shares, but temporary deviations are possible — especially during after‑hours news events or when overseas constituents are trading on different schedules.
Liquidity and bid/ask spreads
Average daily volume is one metric for liquidity; TAN typically exhibits reasonable liquidity but spreads can widen in stressed markets. Market makers and authorized participants play an important role in maintaining continuous two‑sided markets.
If you plan to trade TAN, consider limit orders to manage execution costs and pay attention to the bid/ask spread on the trade date.
Note: While TAN is listed on NYSE Arca, investors who use crypto‑focused platforms for research or portfolio monitoring may also use Bitget's tools for market data and cross‑asset insights. Bitget provides market data and wallet integrations for users who want consolidated views across asset classes; always confirm equities trading and settlement capabilities with your broker.
Options and derivatives
TAN may have an active options chain that traders use for hedging, income generation, or directional strategies. Common option strategies executed on ETFs include covered calls, protective puts, and vertical spreads.
Availability of liquid options varies over time. Check your broker or market‑data terminal for current option chains and implied volatility levels before implementing any options strategy.
Fees, distributions and tax treatment
Expense ratio and other costs
TAN's net expense ratio has historically been in the range of roughly 0.69%–0.70% but always confirm the current net expense ratio on the official factsheet. Owner costs also include bid/ask spreads, brokerage commissions (if applicable), and potential short‑term trading fees imposed by brokers.
Dividend/distribution policy
TAN distributes income according to dividends and realized gains from its holdings. Distribution frequency is typically quarterly for many equity ETFs, but distribution schedules and amounts change with the fund's income generation and realized capital gains.
If you search "tan stock" to assess income, review the fund's recent distribution history on the factsheet to see amounts, pay dates and ex‑dividend dates.
Tax considerations
Tax treatment depends on investor residency and the nature of the ETF's distributions. For U.S. investors, periodic dividends from TAN will generally be taxed as ordinary income or qualified dividend income depending on underlying holdings and holding period rules.
Non‑U.S. investors should be aware that foreign‑sourced dividends (from ADRs/GDRs or foreign companies) may be subject to withholding taxes in the country of the underlying issuer. Check the fund's tax documents and consult a tax professional for jurisdiction‑specific guidance.
Risks
When people look up "tan stock" they need a clear view of risks. Key risks include:
- Sector concentration risk: TAN is focused on solar; lack of diversification can amplify losses during sector‑specific downturns.
- Regulatory and policy risk: Solar economics are sensitive to government incentives, tax credits and tariffs; policy changes can materially affect revenues across the supply chain.
- Interest‑rate sensitivity: Many growth and clean‑energy stocks show sensitivity to interest rates due to long‑dated expected cash flows.
- Currency and country risk: Global holdings expose investors to FX moves and country‑specific political or operational risk.
- ETF‑specific risks: tracking error, liquidity mismatches between the ETF and underlying securities, and market‑price/NAV deviation.
Use cases and investor considerations
TAN is generally used for thematic exposure to the solar industry. Typical use cases when investors search "tan stock" include:
- Satellite/thematic allocation: a small, concentrated position inside a diversified portfolio to express a view on solar adoption.
- Tactical sector tilt: adjusting exposure for shorter‑term conviction about solar policy or activity trends.
- Research instrument: monitoring the solar theme via a single, liquid vehicle rather than picking individual solar stocks.
Suitability: TAN may be better suited to investors with higher risk tolerance and a multi‑year horizon who understand thematic concentration risk. Investors prioritizing broad market diversification may prefer broader index funds.
Practical notes: consider cost (expense ratio and trading spreads), rebalancing frequency for your portfolio, and whether you prefer the ETF wrapper or direct stock ownership for concentrated high‑conviction bets.
Historical milestones and notable events
Key dates and events that have affected TAN include its inception on April 15, 2008, major policy shifts related to solar incentives in large markets, and periods of large inflows/outflows tied to waves of investor interest in clean energy.
Notable episodes include market rallies during policy support announcements and selloffs during macro risk‑off events. Large inflows can compress the ETF's premium/discount dynamics and can occasionally change the composition of the fund through rebalancing.
Where to find data and disclosures
For authoritative, up‑to‑date information when researching "tan stock," consult these primary sources:
- Invesco fund page: official prospectus, NAV, fact sheet, and daily holdings (primary source for fees, holdings and legal disclosures).
- Major financial data providers and market pages for price, charts and historical performance.
- ETF regulatory filings and shareholder reports for legal and tax information.
Always verify live figures (AUM, NAV, holdings and performance) directly with the issuer or a trusted market‑data provider before making decisions.
See also
Related ETFs and indices for comparison when searching "tan stock":
- Other solar and clean‑energy ETFs (broader or narrower thematic funds)
- MAC Global Solar Energy Index (the index TAN tracks)
- Broader clean‑energy benchmarks and diversified renewable ETFs for contrast
References and external notes
Primary references for the fund data above are the Invesco fund materials (prospectus and factsheet) and major market‑data providers for price and volume. For current holdings and exact figures, consult the fund's daily published holdings and regulatory filings.
Market context and related equity market news
As of January 23, 2026, per market reports and major financial outlets, equity markets experienced sector rotation and notable volatility tied to earnings and supply constraints at major technology firms. For example, semiconductor company announcements and guidance impacted technology sector sentiment during that period.
As an illustrative market context: on January 23, 2026, reports noted that Intel (INTC) released Q4 2025 results that beat some metrics but guided softer for the near term, prompting a sharp share‑price reaction. The episode highlighted how earnings guidance and supply constraints in large technology firms can influence broader sector flows and investor risk appetite.
Why this matters to someone searching "tan stock": macro developments and sector rotation in technology and industrials can create spillovers into thematic strategies like solar. Supply‑chain news, capital spending shifts in energy infrastructure, and policy announcements may drive performance in TAN's holdings.
Practical checklist for researching "tan stock"
- Confirm the ticker: TAN (Invesco Solar ETF).
- Review the latest factsheet from Invesco for AUM, expense ratio, top holdings and geographic breakdown.
- Check recent performance numbers (YTD, 1Y, 3Y, 5Y, since inception) and risk metrics (standard deviation, maximum drawdown).
- Examine the index methodology (MAC Global Solar Energy Index) to understand eligibility and rebalancing rules.
- Look at liquidity metrics: average daily volume and bid/ask spreads on the day you plan to trade.
- Review distribution history and any potential tax‑withholding impacts from foreign holdings.
- Use limit orders or size your trades to manage market‑impact costs; consider options only if you understand derivatives risk.
Further considerations and next steps
If you searched for "tan stock" to evaluate solar exposure, start by reviewing the Invesco fund materials and a reliable market‑data provider. For those tracking cross‑asset signals or integrating theme ETFs into broader portfolios, tools offered by trading platforms can help with monitoring and alerts.
Bitget users seeking consolidated market views may leverage Bitget's research tools and wallet integrations to track exposure across assets; always verify equities availability and settlement rules with your trading counterparty.
Editorial and data note
This article is factual and educational. It does not constitute investment advice, and readers should verify all figures with the fund issuer or a licensed professional before making financial decisions. For current prices, NAV, holdings and distributions consult the Invesco site and official fund documents.
Actionable links and where to verify (no external URLs provided here)
To obtain up‑to‑date information on TAN (the term behind many "tan stock" searches), consult:
- The fund issuer's official factsheet and prospectus for NAV, fees and holdings.
- Major market‑data providers for live price, historical charts and volume.
- Regulatory filings for legal and tax details.
Final notes
When the search term "tan stock" appears, it most commonly points to the Invesco Solar ETF (TAN). This guide summarizes what investors and beginners should know: fund objective, portfolio composition, trading characteristics, fees, taxes and where to verify live data.
Further exploration: check the latest Invesco materials for current holdings and performance, compare TAN to peer ETFs for diversification tradeoffs, and use limit orders to manage execution costs when trading TAN on NYSE Arca. For cross‑asset monitoring and wallet integrations, Bitget provides tools that some users find useful for research and consolidation.
Reported market context date: As of January 23, 2026, per market reports referenced in this guide.
