TAN is trading 3.1% up today as risk appetite improves following softer June U.S. CPI data, which reduced Fed rate-hike odds and supported growth-sensitive sectors.
- The cooler inflation report has bolstered clean-energy stocks, which benefit from the prospect of lower interest rates and improved financing conditions.
- The move extends a recovery from prior-day selling driven by Middle East tensions, with investors rotating back into high-beta solar names.
- Easing geopolitical energy fears and a shift toward risk-on assets are providing additional momentum for the solar-focused ETF.