Invesco Solar ETF, stock ticker TAN, is an exchange traded fund that invests in solar energy companies. It was formerly known as Guggenheim Solar ETF, but in 2018 Invesco acquired Guggenheim’s ETF business and changed the names of the funds.

A “Pure Play” in Solar Energy
Invesco Solar ETF holds only a handful of stocks. Its concentration is solar as opposed to other energy types in the renewable energy field. The MAC Global Solar Equity Index (SUNIDX) is the ETF’s tracking index.

The weight of the holdings within the funds is adjusted to increase the presence of “pure play” solar energy companies and reduce the significance of companies with more of a mixed business. The fund overweights the United States and China and tends to favor smaller companies. Stocks from these two countries make up about two thirds of the fund's assets. Some other nations represented are Spain, Germany, Norway, Canada, France and Japan.

Solar ETF Holdings
Stocks of the following 10 companies make up over half of the assets of the fund.

SolarEdge Technologies is an American company that supplies equipment for photovoltaic arrays. It has a global reach with offices in Germany, Japan, Italy and Israel.

Xinyi Solar Holdings is a Chinese investment holding company that manufactures and sells solar glass. It also operates and provides services for solar farms.

Enphase Energy is a California technology company that provides microinverters to residential and commercial customers in North America, Europe and Australia. These microconverters convert power from the panels to the grid.

First Solar is an American company that builds solar panels and provides supporting services such as construction, maintenance, recycling and finance.

Sunrun is a San Francisco based provider of residential solar energy. One of its businesses is to lease and maintain solar panels and minimize the customer’s initial outlay.

Capital Stage offers wind farms, solar investment and other solar energy services to customers in Germany.

Scatec Solar is headquartered in Norway and designs, builds and operates solar power plants all around the world.

Solaria Energia y Medio Ambiente is a Spanish company that began as a manufacturer of photovoltaic cells and panel and now develops and manages solar generation plants.

Daqo New Energy, located in China, manufactures silicon products for solar photovoltaic systems.

Canadian Solar manufacturers photovoltaic modules and also manages large scale solar projects.

Invesco ETFs
Invesco, which was created in 1978 and is headquartered in Atlanta, manages more than 200 ETFs. Invesco Solar Energy ETF was established (under its former name) in 2008.

Invesco Solar ETF

TAN tracks an index of global solar energy companies selected based on the revenue generated from solar related business.

Global X Solar ETF

Solar sector-related exchange traded funds climbed Thursday after the European Union outlined plans to build out its solar supply chain to diminish its exposure to Russian energy imports. Among the best-performing non-leveraged ETFs of Thursday, the Invesco Solar ETF (NYSEArca: TAN) advanced by 5.5% and the Global X Solar ETF (RAYS) increased 7.2%.

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Clean technology sector-related exchange traded funds could gain momentum as European economies take a harder look at their reliance on Russian energy imports and consider alternatives. Europe is trying to wean itself off Russian natural gas, which accounted for about 40% of the bloc's gas consumption last year, the Wall Street Journal reports.

Clean Technology ETFs Could Gain Momentum as Europe Looks for New Energy Sources

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Exchange traded fund investors should consider the investment opportunities in a greener future. In the recent webcast, This Earth Day, Discover Portfolio Opportunities that Help Toward a Cleaner Future, Brandon Knott, Thematic and Specialty Strategist for ETFs and Indexed Strategies, Invesco, underscored the fact that global economies are targeting a greener future.

ETFs to Ride the Shifting Global Trends Toward a Cleaner Future

These energy companies produce power through sustainable and renewable means.

Renewable energy sources are those that can be used again and again, without depleting precious resources or impacting the climate over time. These include solar (sun's not running out rays), wind (#air), geothermal (Earth's body heat), and hydropower energy sources. As global concerns about climate change increase, alternative energy companies stand to benefit from increased demand in sustainable energy sources. A recent study from NextEra Energy estimates that 30% of America's energy could come from wind and solar by 2030—up from 18% in 2018.

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1 Year High	$101.58
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1 Year Low	$55.54
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