MarketMoodz
Solar stocks set to keep rising in 2026 as momentum expands
The Invesco Solar ETF (TAN) extended its 2026 rally, up about 16% year-to-date through April 2. A constructive chart is shaping a fresh uptrend, with a defined range around $52-$60 and a near-term pivot near $50.
Key Takeaways
- TAN is up about 16% year-to-date through April 2, signaling continued momentum
- The ETF trades in a tight $52-$60 band with a buy signal above $50 and pivot near the 50-day moving average
- MACD and RSI have turned positive, signaling renewed momentum
- Long setup above $50 with stops at $45 (or under the 50-week MA around $45) frames risk
- Upside targets point toward $60 initially and mid-$70s on a breakout
People Involved
- Donald J. TrumpFormer U.S. President
- Joe BidenPresident of the United States
Entities Involved
- Invesco Solar ETF (TAN)Exchange-traded fund tracking solar equities
- CNBCNews outlet publishing the chart-based analysis
MarketMoodz Analysis
For investors, TAN offers a momentum-driven way to play the solar supply chain, with a fresh uptrend and a defined near-term range that supports tactical entries above $50 and risk controls below $45. A positive turn in MACD and RSI reinforces the case for continued upside, but the setup remains contingent on macro factors like policy signals and energy prices.
Historically, solar equities have swung with policy cycles and fossil-fuel prices. TAN surged roughly 550% during Trump’s first term and fell about 70% during Biden’s term, illustrating the volatility tied to political and regulatory cycles. The current move is framed as a price-action story where momentum matters more than noise, with policy incentives and utility-scale demand as key drivers.
What to watch next: monitor policy developments, utility-scale demand, and supply-chain normalization, while tracking the ETF’s position relative to the 50-day and 50-week moving averages around $50 and $45; a watchful eye on rate expectations and sector catalysts can help distinguish true momentum from noise.
Source: Original Article