STECF - TAN: Long-Term Tailwinds Cannot Make Up For Short-Term Uncertainty And Rich Valuations

• Inflow of funds into clean energy thematic ETFs during 2020 was higher than the previous nine years combined.
• Globally-elected leaders are pushing for the clean energy transformation, making TAN a potentially interesting ETF.
• The solar industry faces significant short-term pain from price increases and vulnerability from central banks, potentially elevating interest levels to keep economies in balance.
• Despite a 12.5% pullback since my most recent bearish TAN article, I remain bearish given valuations remain high at current market cap levels when measured on P/S ratios compared to analyst revenue expectations through 2025.

For further details see: