TAN Fair Value: Look-Through Valuation

Invesco Solar ETF

Equity Rank publishes model fair values for holdings making up 42% of TAN, too little for a fund-level model figure (the threshold is 60%). Data as of 2026-10-22. Net assets $899.6M; holdings as of 2026-10-22.

Top 25 holdings of 36

HoldingWeightPriceModel fair valueGap
NXT Nextpower Inc.10.97%$77.63$58.77-24.3%
FSLR First Solar Inc9.44%$171.25$162.11-5.3%
— ENLIGHT RENEWABLE ENERGY LTD8.35%—Not covered—
ENPH Enphase Energy Inc6.55%$31.35$19.81-36.8%
HASI Hannon Armstrong Sustainable Infrastructure Capital Inc4.98%$36.54$29.99-17.9%
— DORAL GROUP RENEWABLE ENERYY RESOURCES LTD ORDINARY SHARES4.97%—Not covered—
— GCL TECHNOLOGY HOLDINGS LTD4.53%—Not covered—
CWEN Clearway Energy Inc Class C3.92%$31.43$32.36+3.0%
SEDG SolarEdge Technologies Inc3.73%—Not covered—
RUN Sunrun Inc3.64%$7.70$20.51+166.4%
— SOLARIA ENERGIA Y MEDIO AMBIENTE SA3.24%—Not covered—
SHLS Shoals Technologies Group Inc2.93%$7.73$5.07-34.4%
— OY NOFAR ENERGY LTD ORDINARY SHARES2.79%—Not covered—
— XINYI SOLAR HOLDINGS LTD2.69%—Not covered—
— SMA SOLAR TECHNOLOGY AG2.48%—Not covered—
— UNITED RENEWABLE ENERGY CO LTD2.31%—Not covered—
— ENERGIX-RENEWABLE ENERGIES LTD2.12%—Not covered—
— SCATEC ASA ORDINARY SHARES1.96%—Not covered—
— GRENERGY RENOVABLES SA1.73%—Not covered—
DQ Daqo New Energy Corp ADR1.71%—Not covered—
— HD HYUNDAI ENERGY SOLUTIONS CO LTD ORDINARY SHARES1.51%—Not covered—
TE T1 ENERGY INC1.44%—Not covered—
— TSEC CORP1.40%—Not covered—
RNW Renew Energy Global PLC1.34%—Not covered—
ARRY ARRAY TECHNOLOGIES INC ORDINARY SHARES1.33%—Not covered—

Gap = model fair value differential versus the current price; positive means the price sits below the model estimate. Holdings without a published model fair value are left out of the fund figure, never filled in.

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