Overview
The global solar supply chain in one fund — panel makers, inverter companies, trackers and developers, 47 names led by First Solar and Nextracker.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| NXT | Nextracker | 10.4% |
| FSLR | First Solar | 9.0% |
| ENLT | Enlight Renewable | 7.6% |
| ENPH | Enphase Energy | 7.2% |
| HASI | HA Sustainable Infra. | 4.9% |
| 3800 | GCL Technology | 4.8% |
| DORL | Doral Renewable | 4.7% |
| CWEN | Clearway Energy | 3.8% |
| RUN | Sunrun | 3.8% |
| SEDG | SolarEdge | 3.7% |
Fund Details
Investment Thesis
Solar is the cheapest electron ever produced and demand compounds regardless of politics — yet TAN trades far below its 2021 peak after a brutal rate-driven derating. Flat over twelve months while power demand explodes is either a dying trade or the sector's floor; contrarians take the second view.
Who It's For
Contrarian thematic investors buying the energy transition after its derating, not before it.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | $25.13 | -- |
| 2018 | $18.55 | -26.2% |
| 2019 | $30.80 | +66.0% |
| 2020 | $102.76 | +233.6% |
| 2021 | $76.97 | -25.1% |
| 2022 | $72.94 | -5.2% |
| 2023 | $53.35 | -26.9% |
| 2024 | $33.12 | -37.9% |
| 2025 | $49.12 | +48.3% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | 0.29% |
| 2020 | 0.09% |
| 2021 | -- |
| 2022 | -- |
| 2023 | 0.09% |
| 2024 | 0.50% |
| 2025 | -- |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | -- | -- |
| 2022 | -- | -- |
| 2023 | -- | -- |
| 2024 | -- | -- |
| 2025 | $0.9B | -- |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
Related Tech & Innovation ETFs
Markets. Intelligence. Daily.
Full briefs on 400+ ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →