TAN - TAN: 2024 Could Be Volatile
2024-02-05 04:54:33 ET
Summary
- Deflation is a headwind in the solar industry as oversupply could lead to lower prices in some sectors.
- Tariffs on Chinese solar imports and the Inflation Reduction Act have helped some American solar companies and protected them against deflation in some ways.
- The outcome of this year's election in the United States could affect the Inflation Reduction Act. Speculation on the election's results could increase volatility.
- I rate Invesco Solar ETF a 'Hold' as in 'sideline' given the election uncertainty and the potential for more oversupply of solar this year in some sectors.
Invesco Solar ETF ( TAN ) is a solar ETF.
Although the solar industry has grown substantially in the past few years, shares of Invesco Solar ETF have been underwhelming over the same period as oversupply and high interest rates have been pretty strong headwinds....
TAN: 2024 Could Be Volatile