Invesco Solar ETF (TAN)
Tracks solar energy companies — the fastest-growing source of new U.S. electricity capacity.
$54.7
Trend YoY growth is -19.3%, slowing by 68 bps/month over the last 5Y. Deviations have remained above trend for 190 consecutive periods. Latest: +104.9%, 124.2 pp above trend, a 2.8σ deviation. The latest YoY reading is boosted by 25.1 pp due to an easy comparison base from Apr 9.
Level
YoY %
y = 22.2% − 68 bps/mo · t
Deviation from trend
Forecast
Rolling 1Y trend forecast
| Forecast made in | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 | Nov '26 | Dec '26 | Jan '27 | Feb '27 | Mar '27 | Apr '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May '25 | -22.8% | -21.9% | -21.0% | -20.1% | -19.2% | -18.3% | -17.4% | -16.6% | -15.7% | -14.8% | -13.9% | -13.0% | -12.2% | -11.3% | -10.4% | -9.5% | -8.6% | -7.7% | -6.8% | -6.0% | -5.1% | -4.2% | -3.4% | -2.5% |
| Jun '25 | -23.8% | -23.3% | -22.7% | -22.1% | -21.6% | -21.0% | -20.5% | -19.9% | -19.3% | -18.8% | -18.2% | -17.7% | -17.1% | -16.5% | -16.0% | -15.4% | -14.8% | -14.3% | -13.7% | -13.1% | -12.6% | -12.1% | -11.5% | |
| Jul '25 | -22.9% | -22.4% | -22.0% | -21.5% | -21.1% | -20.7% | -20.2% | -19.8% | -19.4% | -18.9% | -18.5% | -18.1% | -17.6% | -17.2% | -16.7% | -16.3% | -15.9% | -15.4% | -15.0% | -14.5% | -14.1% | -13.7% | ||
| Aug '25 | -20.0% | -19.5% | -19.0% | -18.5% | -18.1% | -17.6% | -17.1% | -16.7% | -16.2% | -15.8% | -15.3% | -14.8% | -14.4% | -13.9% | -13.4% | -13.0% | -12.5% | -12.0% | -11.6% | -11.1% | -10.7% | |||
| Sep '25 | -13.8% | -12.7% | -11.6% | -10.5% | -9.4% | -8.3% | -7.3% | -6.2% | -5.1% | -4.0% | -2.9% | -1.8% | -0.7% | +0.4% | +1.5% | +2.6% | +3.7% | +4.8% | +5.8% | +7.0% | ||||
| Oct '25 | -5.4% | -3.2% | -1.1% | +1.2% | +3.4% | +5.4% | +7.6% | +9.7% | +11.9% | +14.1% | +16.3% | +18.5% | +20.6% | +22.8% | +25.0% | +27.2% | +29.4% | +31.4% | +33.6% | |||||
| Nov '25 | +8.8% | +12.9% | +17.0% | +21.2% | +25.0% | +29.2% | +33.2% | +37.4% | +41.5% | +45.7% | +49.8% | +53.9% | +58.1% | +62.1% | +66.3% | +70.5% | +74.3% | +78.4% | ||||||
| Dec '25 | +22.7% | +28.5% | +34.3% | +39.5% | +45.3% | +51.0% | +56.8% | +62.4% | +68.2% | +74.0% | +79.6% | +85.4% | +91.0% | +96.8% | +102.6% | +107.8% | +113.6% | |||||||
| Jan '26 | +35.5% | +42.4% | +48.7% | +55.6% | +62.3% | +69.2% | +75.9% | +82.8% | +89.8% | +96.5% | +103.4% | +110.1% | +117.0% | +123.9% | +130.2% | +137.1% | ||||||||
| Feb '26 | +51.6% | +59.3% | +67.8% | +76.1% | +84.6% | +92.8% | +101.4% | +109.9% | +118.1% | +126.7% | +134.9% | +143.4% | +152.0% | +159.7% | +168.2% | |||||||||
| Mar '26 | +66.0% | +75.8% | +85.3% | +95.1% | +104.5% | +114.3% | +124.1% | +133.6% | +143.4% | +152.8% | +162.6% | +172.4% | +181.3% | +191.1% | ||||||||||
| Apr '26 | +80.4% | +90.7% | +101.5% | +111.8% | +122.6% | +133.3% | +143.7% | +154.4% | +164.8% | +175.5% | +186.2% | +195.9% | +206.6% |