TAN - This ETF Got Crushed in 2023. Here's Why It Could Rebound Next Year.
2023-12-18 10:15:00 ET
One of the most well-known exchange-traded funds (ETFs) for tracking the solar industry is the Invesco Solar ETF (NYSEMKT: TAN) . The ETF caught the market by storm in 2020, roaring 233% higher in a single year. But since then, the ETF has fallen 57%, and is down 39% in 2023 alone.
Let's discuss why the ETF deserved to fall, and why it now offers long-term investors an attractive balance of risk and potential reward.
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This ETF Got Crushed in 2023. Here's Why It Could Rebound Next Year.