TAN

First_Midnight7033

The entire sector is oversold. Look at their ETF TAN. Need some headwinds for a change in the direction.

NationalOwl9561

Considering $TAN has broken $40 and even $39.76 key support on some smaller time frames, it's not looking good. Could be fast drop to low $30s soon. The only good news going for it is today's announcement that tariffs on Chinese solar panels will be coming back (timeline TBD).

SnS2500

Don't fixate on just your investment. All solar stocks have been beaten down for the past years and a half. ARRY has actually done slightly better than average. Solar companies rely heavily on borrowing, both the companies themselves and customers when they buy the systems too. So solar stock in general it makes sense solar companies will do poorly during times of high interest. If you have been continually buying, then you need to have at least a three year time frame to realize some profits. Since there are lots of good buys now, I don't view it as a good idea to buy solar stocks now, even though I'm confident they would make me money this decade. When there has been good news about lowering interest rates, solar stocks have spiked the past few months, but then dropped back. There will be plenty of time to get back into solar when rates actually do start going. If you are interested in solar though, check out FSLR and the TAN etf.

BrotherGrub1

The TAN ETF looks like trash but the biggest holding First Solar looks decent as least as far as the price chart is concerned.

ExiledinElysium

I'm at least not in at ATH numbers. I'm in TAN pretty early but its success made me grab ICLN too and that's down almost 50%. Just wish I'd dumped them when they were modest profits and moved that money into VOO.

ExiledinElysium

Cool maybe my TAN and ICLN can finally pop enough again for me to sell them and move that money to something more consistent.

Invest0rnoob1

Hope so I have some TAN leaps 😅

necriss

You want to track anything that got oversold due to interest rate hikes, when the inevitable cut comes you'll see $ flow back in. A few I see are Solar (TAN, ENPH, FSLR...) and Fintech (AFRM, SOFI, UPST...)

Plus_Seesaw2023

Commodities mix in my opinion... some TAN / ICLN etf, World ETF, and China exposure... good luck... haha

Plus_Seesaw2023

I deleted it because I got so much backlash—comments, downvotes, you name it. So, I figured I was probably in the wrong group. They even made fun of me, asking, 'What's your YTD PNL in 2023?' Anyway, I just posted that for fun... but surely, I'll never share any technical analysis again. My buys today are UNG, TAN, ICLN, and LIT. Just for fun, small positions.

red-bot

I feel like solar (TAN) had a run up to the last election? Not sure how much progress has actually been made on solar tech though.

charly371

long TAN

notapersonaltrainer

>Y'all bagholders have been pumping uranium year after year with shit returns. >Solar is going strong and keeps on winning. The hell you talking about? URNM has beaten SPY on most timeframes and demolished TAN. How much have you lost on solar? Is your chart axis inverted? lol

thorium43

It appears to be a confluence of things. Solar is absolutely dominating in terms of new capacity (and output) being added globally. It and wind are fundamentally changing the global energy paradigm from one where baseload resources (coal, nuclear, gas) are supplemented with peaking resources (gas, hydro, battery) to match demand, to one where peaking resources (gas, hydro, battery) are used to supplement intermittent sources (wind, solar). They do this because they are unequivocally cheaper than other sources, with China dominating the supply chain due to a mix of cheap af labour, and probably state mandates and subsidies. Like just look at the shit on Aliexpress, everything made there is cheaper. But for any company looking at new generation, solar, wind and natural gas are the price winners. But in terms of investing, solar looks pretty shitty at the moment. Just because its growing and will probably dominate, does not mean its an excellent investment. Like just because people use nails, does not mean nail manufacturers are an excellent investment. Looking at the holdings of TAN you have a few major types of companies, and lets look at how they largely all suck, as well as the macro. a) Chinese companies: Geopolitically tons of nations are derisking from Chinese equities, so they have taken a massive beating. Chinese solar manufacturers are owning the competition globally due to lower manufacturing costs, severely harming western efforts to also manufacture it on scale. Overlay the MSCI China ETF with TAN and they both get destroyed at the same rate. b) US companies like Enphase and Solar Edge that make inverters. These do ok likely to to Western wiring safety standards that don't allow for cheaper Chinese ones They are largely holding up TAN. But Vanguard, Blackrock, and invesco own like 25% of ENPH, so what TAN does, ENPH largely does too. c) Western solar manufacturers forced to compete with Chinese and have to market their solar as 'PREMIUM'....why buy a premium nail? Thats kinda the solar case right now and why companies like Meyer Burger are getting murdered d) US culture wars. Wind and solar are left for some reason, despite being so cheap they are beating coal and nuclear. Economic literacy skews right statistically (See why communism always fails) and rightwing capital outnumbers leftwing capital. However culture war BS portrays solar as hippie stuff that does not work. Stack this on the poor economics of a manufacturing business like solar, vs a drill and pump business like oil, and you have some deserved, and some undeserved hate. Like u see one guy below suggest exxon instead...liquid hydrocarbons make up a miniscule amount of power generation, and the one hydrocarbon doing well in the power sector is natural gas, Exxon has only a little of their revenue from this. It totally misses the point because of culture war stuff. Solar business largely suck. But for generation for power grids it rocks. The latter is getting lost in the English investing media because of politics and the former. This puts some downward pressure on all the solar industry e) Solar farm operators: Buy panels from whoever, and sell power at long term contracted rates. These are safe, utility based models, but we all know what utility stocks do in an increasing interest rate environment (go down because safer yields elsewhere, and cost of capital for new solar farm development increases), so we see companies in TAN like Atlantica Yield decreasing as interest rates increased, even though their business model is solid other than interest rate sensitivity. Certainly more solid model than solar manufacturing. I still own a little TAN, because it can still hype pump, but until geopolitics is resolved, its not really worth it. If you want to invest in the energy transition, I am finding it easier to short or buy puts on the losers of the energy transition. For example, NuScale power was making some ridiculous claims their reactor would make cheap power, and was a SPAC. Puts on it outperformed everything in my portfolio other than crypto this year after it got announced that their only project was cancelled due to costs being revised upward. Coal miners have pumped the last few years due to the geopolitics with Russia, but is largely in a decline in the West. I have a few I am looking at puts on, that have higher mining costs than competitors and only sell in western countries.

Invest0rnoob1

I have some TAN leaps I bought in August

jr1tn

Again, this is "r/investing." TAN has lost its "investors" 90 percent of their capital. The fact that customers made out ok is not relevant to the investment thesis.

PapaCharlie9

I have FSLR on my watchlist, as a matter of fact. As well as some other green energy cos, like ENPH and SEDG, the TAN index fund. The whole green energy sector has had a rough year so far. Analysts say it's due to lower than expected consumer (homeowner) demand. Even a break-out earnings report from FSLR might not get much of a bump, too many headwinds. The financial crisis in wind power isn't helping either.

hairyreptile

Like me bro I bought a bunch of TAN at like $90

warrioroflnternets

Oh man NIO is my worst pick in my portfolio. I have 600 shares and bought in close to the ATH and have averaged down to $24. If this thing ever spikes even slightly I’m shedding my baggage’s and eating the loss. My top 3 worst plays were NIO, PLTR, and TAN, probably “lost” 30k on those altogether, still holding them and close to breaking even with PLTR.

xsunpotionx

Enphase, CRISPR Therapeutics, SoFi, Amazon, Crowdstrike, Tesla etc...but these were the hottest stocks years ago for the same reasons you list and only some have done well. The future has not "arrived" quite yet if you know what I mean. I know this is a stock subreddit but don't overlook ETF's like TAN, CIBR, ARKG, SMH. Once again the charts speak for themselves.

KillTheRivianDumper

Isn't it puzzling how TAN is deader than dead...no one wants clean energy...but today's Bitcoin rally is totally based on the euphoria over CleanSpark a clean energy bitcoin company...wtf

DarkMorning636

TAN went fucking nutso today

SnS2500

Those are all solid companies, with LLY/NVO/VRTX being very different in type and circumstances from DIS/CMCSA, so interesting choices. KLAC is nothing but a money machines for the longterm. Renewable energy stocks have a bright future but the present is not so good because they usually rely on borrowing money, which is terrible when interest rates are high. Consider ETFs like TAN, GRID, QCLN and ICLN in the future but avoid them now. Also, instead of individual stock picking, consider establishing base positions with broad market or industry ETFs rather than only pick stocks.

Plus_Seesaw2023

Buy only profitable companies. And that are undervalued. Sounds simple? Don't buy semiconductors at this level. The train has already left the station. Take a look at Swatch, for example, or Porsche for cars. Or Nestlé for consumer goods. These are huge companies, profitable but oversold. Ditto for BABA, China, FXI KWEB, ... A risky but promising bet is a solar-powered etf (TAN or ICLN). Good luck. And have a strategy. When take profit, which levels, etc.

askepticoptimist

There's plenty of value right now -- green stocks for instance are severely beaten down with good long term growth potential. Buy TAN, set a sell trigger somewhere in the $100+ range, and forget it exists. At some point in the next 5 years your money will more than double.

dweeegs

I get that man, but TAN is down 20% since the start of the year despite QQQ's run. Solar hasn't traded with the rest of tech in a while

Mbanks2169

Check out FAN, TAN, ICLN? 

SnS2500

TAN will do great after interest rates go down. All its holdings are companies that need to borrow and customers typically borrow when they buy the retail products, so solar stocks have been getting killed. I expect them to continue to get killed for another half year or so, but at some point after that they will become a great opportunity again.

Invest0rnoob1

I have some TAN leaps, hoping for a turn around.

Youre_Brainwashed

Hmmmmm ICLN or TAN probably a good long term play here?

Sugamaballz69

There’s a lot of overlap with the ETFs, I’d just have VTI and that’s it. ICLN contains about 2/3 of TAN’s holdings, you could have both, it’s a gray area, if you did want to chop it down, go with ICLN, it has more of TAN than TAN has ICLN. I’d just go with ICLN to make it simple Chop it down to just VTI & ICLN

En_CHILL_ada

What components of TAN are best if picking single stocks? I've held FSLR before. I'd consider buying back in on a good dip. But is there a better play?

Sugamaballz69

https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=investor&ticker=TAN The fund issuer’s page on it, I also checked the top holdings PE individually and it’s more or less the same (high 20s)

Sugamaballz69

TAN has a PE of 28.9, although it’s most likely a solid buy for the next few years, it’s not undervalued for what it is by any means

natelifts

# 1 - if net metering was such a big deal, wouldn’t new residential consumers only buy the amount of panels they need to offset the cost of their bill instead of for instance, covering their roof entirely with panels in hopes to make a profit selling back to the grid? A battery is required for full energy independence, yes. But as I mentioned costs are going down for some of these technologies, making it more feasible to buy a storage system. 2. I’m not sure this completely makes sense. Think about it, federal tax credits for EV companies require domestic production of batteries to be able to redeem the full amount. Tesla is losing their full EV credit since theirs are not. However the biggest names in TAN are domestic names - ENPH is American manufactured as is FSLR. SEDG is primarily European customers so different rules apply. Those names make up 30% of TAN assets. Also about younger generations and housing - yes it will be hard for some to afford it but not always as I said costs are decreasing. 3. True as far as war and opec leveraging goes , for now. But they have showed willingness to cut production to increase the costs of oil as a negotiation tactic in the past. So I guess what I’m trying to say is as costs of solar decrease like we’ve been seeing, a lot of these bear cases diminish.

robmafia

how? he said "ENPH is literally the biggest holding of TAN." it literally wasn't/isn't. it was HIS claim.

robmafia

...k, but the tan is still down 10% ytd, anyway. >In TAN, the less profitable companies are much smaller holdings wut it's not weighted by profit, but by market cap.

natelifts

Yeah. That's why I recommended an ETF to avoid the downsides. In TAN, the less profitable companies are much smaller holdings (or not at all).

carchit

In 2009 I bought some TAN and AAPL with the last $1k to my name. One of them went nowhere. Never again.

robmafia

https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Investor&ticker=TAN as of 01/08/2024 fslr 10.78 enph 10.62

CntStopMeNow

Cos he is holding them TAN bags

robmafia

> Edit: Not sure why i'm getting downvoted. An ETF is literally designed to cap downside risk at the expense of upside gains. ENPH is literally the biggest holding of TAN. wtf tan has a relatively high expense ratio and fslr is the biggest holding of it. also, this is wsb. we like volatility.

Didntlikedefaultname

I like the thinking and I hold positions in solar both TAN and ENPH. But reasonably I expect any tailwinds from rate cuts and biden admin legislation not to materialize until 2025 the earliest. Just my take. Renewables are a bitch and a half to time and I think you have to be prepared to hold them for a long time if you want to see the real fruits of the investment

warrioroflnternets

TAN has been the single biggest loser in my portfolio, so please everyone buy into this DD and relieve me of my heavy heavy bags.

natelifts

How is it overpriced given the aggregate P/E ratio of $TAN.

OSRSkarma

Why TAN and not pick a winner like ENPH?

Fancy_Ad2056

Enphase, great product and has huge upside with interest rate reductions. Or TAN, a solar industry ETF, if you want broader exposure over one specific stock, same upside. Otherwise yea VOO.

snaverevilo

SPWR -86% (but I cashed out 2021 so probably break even) SLDP -77% MVST -75% MAXN -67% ARKK -60% VWDRY -18% F -18% ICLN -26.14% FAN -13% TAN -7% GBTC -6% Total -53% average on my individual stock picks, -10% on ETF picks. You can probably pick up on a theme... investing in clean energy (losers) and hail mary battery tech startups while big oil is squeezing out record profits. Anyhow, lesson learned! Not too painful since I'm still in my twenties, could have been worse!

blupride

If you had $150k uninvested in an account, would you buy ARK funds, TAN or PBW? That’s all you need to ask yourself.

Invest0rnoob1

Just fyi, most YouTube channels are shills to pump and dump stocks. I’m looking at TAN ETF(solar) right now.

Invest0rnoob1

In have some TAN leaps up 125%.

Invest0rnoob1

Intel, TAN ETF, Affirm, Blackstone, Google, Ford, D R Horton

celaritas

But he wore a TAN SUIT! How could you forget that national embarrassment?

askepticoptimist

There's two big values right now. Firstly, oil. OXY, CVX, XOM, take your pick. Unlike the old days of drill baby drill, they're financially saavy and not overextending this time amount. They're seeing crazy increases in efficiency and pumping more with less wells. They have a safe oil floor around $70 because of the strategic oil reserve rebuild. Moreover, they're crazy cheap right now. The only real risks would be if OPEC steps in and intentionally saturates the market to attempt to drive them out of business, but they're better positioned to fight that strategy this time around, so I doubt they'd try it. Plenty of upside if oil prices go up. I still see stock gains if prices just stay the same. The other value is green stocks and lithium stocks. TAN, ALB, PLUG, RUN, things of that sort. They all fell off a cliff when rates got jacked. But the forward looking interest rate picture is downward. And there's still a ton of green-directed cash in the Inflation Reduction Act to be doled out. And there's mega upside there compared to historic values of those stocks. And interest in green energy will only grow. I also see "lesser value" in homebuilders and banks. They're kind of already had a really good run, but are still priced fairly affordably and are well positioned in this environment. Many banks haven't yet regained what they lost in 2022. Like BAC or C, still sitting about 30% below their 2022 highs.

Invest0rnoob1

You don’t have to time exactly. I started averaging into leaps for Intel and TAN near the end of October because we were on major support. Currently up 150% on TAN and 250% on Intel. I wasn’t interested in buying shares till stocks dropped in June 2022 because of the great bargains.

burningmuscles

Well, it's hard to compare as there no equivalents in the clean sectory to these giant energy companies. But there are lots of clean energy plays, from Uranium, Nasdaq Clean Energy, TAN/FAN, Hydrogen ETFs. These are lots of bets on hundreds of different companies, I guess.

Invest0rnoob1

Solar might be decent. I have TAN ETF.

CodyCarlson1

TAN(4xLoko)

thelaughingcactus

>not financial advice but I'd urge you to check out $PWB and $VOO. $TAN and $LIT were exploding when markets were hot in 2021. if you have confidence in this market, check out $TQQQ

thelaughingcactus

not financial advice but I'd urge you to check out $PWB and $VOO. $TAN and $LIT were exploding when markets were hot in 2021. if you have confidence in this market, check out $TQQQ

moldyfruitbread

TAN stocks gonna pump for the next few weeks just sayin

Phaggoloid

You probably know how to TAN but I’ll show you how to SIN

ImaginationInfamous8

TAN

Fox_Technicals

LIT and TAN also a shit show

Invest0rnoob1

I loaded up some leaps on TAN going into next year.

Invest0rnoob1

My next bet is in TAN, a solar energy ETF. I’m thinking maybe Q2 or Q3 next year it turns around.

Your_friend_Satan

Buy TAN now

Invest0rnoob1

I started to buy TAN at 50$ and continued to buy to 40$. I also bought some TAN leaps. Today was the first sign of a possible turn around. Keeping my fingers crossed.

Viking999

Clean energy funds like PBW seems oversold. It's now at covid lows. TAN isn't quite there but it's getting close.

Invest0rnoob1

Tell me about it I started buying TAN at 50$ 😢. It will bottom soon right? Right?

Invest0rnoob1

TAN it’s a solar ETF

Invest0rnoob1

You can buy TAN and get both.

Invest0rnoob1

Buy a TAN call that expires in January 2025

bigsilverhotdog

I feel really good about the upcoming week and the sector as a whole. I do not mind the noise between the news drops. Every week adds new potential catalysts and the pressure on congress to act on cannabis just gets higher and higher. Republicans now want reform on cannabis almost as much as Democrats, the only differences are in the specifics of how the reforms should be carried out. The lack of pushback on cannabis issues this year has been **very** telling. Large and mega cap companies are finally lobbying for cannabis reform because they're seeing the obvious turning of the tide and there's money to be made. There's really no stopping it at this point short of WW3 or a coup; the only questions left are the timing and exactly how the reforms play out. What else... Mike Johnson's scandals are piling up and he is not likely to survive as Speaker through November. The guy is such a weird creep; the closer people look the more skeletons pop out of his closet. Leave it to Republicans to elect a Speaker that claims to not have a single bank account because he's so deeply in debt. No financial disclosures since 2016? I wonder what/who else is in that closet besides skeletons, hmm? Adding to key positions this week regardless of market action, especially CWBHF. I really like the story, the approach, and the brand. CBD is going to be such a huge industry. I've been with cannabis my entire life but never appreciated how amazing CBD is until recently. It's such an incredible little wonder. I think the full medicinal potential has barely even begun to be understood. Onward and upward, and good luck to everyone this week! PS: Markets will probably have a big dip this week. There are a number of technical, statistical, and sociological reasons but unless underlying strength takes a big hit this is a dip to buy and for the first time in a couple months I **will** be buying into a non-cannabis dip if it occurs. TAN, TLT, ARKK, and probably restart my previously liquidated positions in index funds (FXAIX, FSPGX).

random_relevance

Thought similar of TAN and got more Friday… I’ve had TAN & ICLN in portfolio for years, they’re down rn but I’m happy over long run

play_it_safe

Sectors that are prone to speculation (read: basically every one) tend to have these pumps that look like bubbles and then dumps that look like busts. Look at $TAN: zoom out. It's had two of these already. If I had to guess, of course solar stocks will come back. And probably much higher than you'd expect. The higher they fly, the harder they fall. The hope would be that one day they turn into stable, large companies higher up in the SP 500 that maintain their dominance like big tech or the huge oil companies.

SnS2500

The best clean energy ETFs are TAN, QCLN and ICLN. They should all have a great future.... but not this year or next with interest rates so high. These companies need to borrow and customers usually borrow too, so it is a terrible time for these companies. Put them on a watch list or buy one share, but even though they have a bright future, the next many months probably will send them lower so you can do better buying them later and using your money on something else in the meantime.

briballdo

I knew TAN puts were the move once CA decided to completely fuck over future solar customers w/ NEM 3.0

UstaTheStockMan

SEDG reports tomorrow and Powell is up at bat. ​ TAN top 3 holdings are ENPH SEDG and FSLR With SEDG yet to report and Powell on the plate , i am wondering is tonight a head fake or does the after hours bounce have legs?

Invest0rnoob1

I have TAN leaps. Praying First Solar and Sunrun do well.

MinaKovacs

You can disagree as much as you like, but the numbers are very different. The TAN solar ETF is down 43.86% this year... Earnings are way down, due to high interest rates and low demand in the EU. https://www.morningstar.com/etfs/arcx/tan/quote

IssueRevolutionary99

Invested in TAN for the long term.

My_G_Alt

FAN and TAN are looking a bit more appealing

warriorofinternets

Same I bought TAN when Biden got elected thinking we’d see a greener shift in energy quickly but it hasn’t happened and I’m down on that one bad

JRshoe1997

All solar/green energy stocks are getting destroyed except Tesla for some reason. To be fair most are garbage and unprofitable along with trading at insane valuations due to the hype of 2021. They gained a lot of traction due to the exuberance in the market and people were just buying cause of the story and not the fundamentals and this was the result. Enphase (ENPH): -64.39% ytd Plug Power (PLUG): -49.72% ytd iShares Global Clean Energy ETF (ICLN): -33.45% ytd Invesco Solar ETF (TAN): -41.54% ytd This is just the few I can name off the top of my head cause these picks were really popular on during 2021.

WavemanKnows

Too much etf.. you need just VOO or SCHD… TAN maybe and that’s it.. and I see too much porcentage on tech stocks… you need more pharmaceuticals, oil, uranium, consumer defensive and army

Much_Victory_902

I was in TAN but there's too much exposure to residential. For individual utility scale stocks I'm looking at ARRY, SHLS, NXT, CSIQ, FSLR in order of interest. Module manufacturers have too much competition to be profitable. Another good bet would be NextEra, NEE. They're a utility but operate a lot of solar, though they're in Florida so we will see climate change impacts their customer base. The farms themselves are well built, and double post so they can handle hurricanes.

Invest0rnoob1

I have some TAN leaps, averaged down a bit today. Some of the larger solar companies start reporting this week.

brootalboo

CSP gone wrong on TAN, really thought I wanted it at $75

4score-7

$TAN showing what happens to housing related stocks when the shit starts hitting the fan. Puts on $LOW and $HD.

Ok_Reputation8227

Great point...that has been a massive sell off. SEDG,ENPH. The entire TAN ETF getting wrekt. I used to own ICLN back in the day, got luck to get out of there with a gain. I'm now in URNM (Uranium). I like the Uranium sector better now as oil prices stay elevated and the world switches more to Nuclear energy and SMRs.

rithsleeper

Just from a charting and price point, TAN looks rough. I played the wheel in 2020,2021, some of 2022 and did well in my Roth. However once we hit 70 and all the vol came out I swapped over to spy. So glad I did. I don’t see any signs of a bottom. You can go ahead with that knife catch.

ChainTheSupply

I have worked in residential/commercial solar for many years, the entire sector trades together. Look at every holding in TAN.

jivetones

Renewables are sensitive to interest rates. Don’t buy TAN until Fed says they’re done hiking interest rates.

iWonder007

What do you think of the companies in the TAN etf

Invest0rnoob1

The big solar company is First Solar for the US, TAN is the solar ETF.

FunkyFenom

I got some TAN, ICLN, and QCLN and boy did they crash hard. I'm hopping for a resurgence

Valueonthebridge

Will it grow? Yes Is it worth investing in? Yes Who has the edge? Someone. There’s really not a good publicly traded company that can do it right now. It’s way, way too hard to pick a winner in new markets like this. Buy a basket. Like TAN, ICLN Oh and avoid the yield Cos, if those are still a thing. Too much PTSD to look that one up…

Dougie_Fresh0088

Any thoughts on Renewables? Just feel like they're getting beat up more than anything else. PBW, FCEL, BEPC, TAN etc... + name a renewable..

Invest0rnoob1

I have some TAN and Intel leaps