🔴 Solar ETF (TAN) is trading 4.2% down as Enphase's weak outlook pressures solar stocks

TAN is trading at $40.26 (-4.20%) as Enphase's weaker-than-expected results and below-consensus fourth-quarter revenue outlook pressure solar shares.

• Enphase forecast fourth-quarter revenue of $225 million–$255 million, well below analyst expectations, citing soft residential demand, higher interest rates and expiration of the U.S. residential solar tax credit.
• The outlook is weighing on solar peers, pointing to a sector-wide reaction rather than a broad-market selloff; no volume figures were available to confirm unusual trading activity.