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This ETF Got Crushed in 2023. Here's Why It Could Rebound Next Year.

TheMotleyFool

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This ETF Got Crushed in 2023. Here's Why It Could Rebound Next Year.: https://g.foolcdn.com/editorial/images/758291/apprentice-solar-panel-farm-renewable-energy-1200x800-5b2df79.jpg

One of the most well-known exchange-traded funds (ETFs) for tracking the solar industry is the Invesco Solar ETF (NYSEMKT: TAN). The ETF caught the market by storm in 2020, roaring 233% higher in a single year. But since then, the ETF has fallen 57%, and is down 39% in 2023 alone.

Let's discuss why the ETF deserved to fall, and why it now offers long-term investors an attractive balance of risk and potential reward.

Image source: Getty Images.

Source Fool.com