China weathered the Hormuz shock. Clean energy can make that resilience last.
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By Qi Qin, China Analyst; Danny Hartono, Data Scientist; Lauri Myllyvirta, Lead Analyst; with contributions from Luke Wickenden, Energy Analyst
Directly affected
- No company is named in this report.
Indirectly affected
- TAN Invesco Solar ETF-10.0% 30d
Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story.
- ICLN iShares Global Clean Energy ETF-4.1% 18d
iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story.
- FXI iShares China Large-Cap ETF-5.1% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- FSLR First Solar-3.1% 30d
First Solar (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story.
- ENPH Enphase Energy-15.5% 30d
Enphase Energy (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story.
- NEE NextEra Energy+10.5% 30d
NextEra Energy (electric services): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story.
- JKS Jinko Holdings-17.4% 5d
Jinko Holdings (semiconductors and related devices, with business in China): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TAN | -10.17% | -8.19% | base | after close | after close | after close | after close |
| ICLN | -5.54% | -5.39% | base | after close | after close | after close | after close |
| FXI | -5.46% | -3.99% | base | after close | after close | after close | after close |
| FSLR | -9.01% | -6.31% | base | after close | after close | after close | after close |
| ENPH | -18.10% | -11.41% | base | after close | after close | after close | after close |
| NEE | -7.14% | -3.83% | base | after close | after close | after close | after close |
| JKS | -22.72% | -11.29% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
China weathered the Hormuz shock. Clean energy can make that resilience last. Centre for Research on Energy and Clean Air
How far Invesco Solar Etf (TAN) has moved since 5 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Enphase Energy (ENPH) | three days earlier | -11.41% | final price |
| Enphase Energy (ENPH) | five days earlier | -18.10% | final price |
| First Solar (FSLR) | three days earlier | -6.31% | final price |
| First Solar (FSLR) | five days earlier | -9.01% | final price |
| Ishares China Large-Cap Etf (FXI) | three days earlier | -3.99% | final price |
| Ishares China Large-Cap Etf (FXI) | five days earlier | -5.46% | final price |
| Ishares Tr (ICLN) | three days earlier | -5.39% | final price |
| Ishares Tr (ICLN) | five days earlier | -5.54% | final price |
| JinkoSolar Holding (JKS) | three days earlier | -11.29% | final price |
| JinkoSolar Holding (JKS) | five days earlier | -22.72% | final price |
| Nextera Energy (NEE) | three days earlier | -3.83% | final price |
| Nextera Energy (NEE) | five days earlier | -7.14% | final price |
| Invesco Solar Etf (TAN) | three days earlier | -8.19% | final price |
| Invesco Solar Etf (TAN) | five days earlier | -10.17% | final price |
Congressional trades in the stocks in this story
- Sen. John Boozman bought First Solar (FSLR) (jointly held), worth $1,001 - $15,000 on 13 Aug 2026. That is 84 days before publication. Filed 11 Sep 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $15,001 - $50,000 on 2 Oct 2026. That is 34 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $15,001 - $50,000 on 14 Sep 2026. That is 52 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $1,001 - $15,000 on 2 Sep 2026. That is 64 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Strait of Hormuz, seven days against thirty
Geopolitics Alpha has 197 stories about Strait of Hormuz from the past 7 days and 514 stories from the past 30. That is faster than its usual pace over the past month. “China weathered the Hormuz shock. Clean energy can make that resilience last.” is tagged to Strait of Hormuz.
Who gains and who loses around Invesco Solar Etf (TAN)
Companies tied to this story
- TAN Invesco Solar Etf
Invesco Solar Etf (TAN) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “China weathered the Hormuz shock. Clean energy can make that resilience last..” Reason on file: Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story
- ICLN Ishares Tr
In “China weathered the Hormuz shock. Clean energy can make that resilience last.,” Ishares Tr (ICLN) is linked, with no stored direction, medium confidence. Reason on file: iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story
- FXI Ishares China Large-Cap Etf
For “China weathered the Hormuz shock. Clean energy can make that resilience last.,” Ishares China Large-Cap Etf (FXI) is linked, with no stored direction, medium confidence. Reason on file: iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”)
- FSLR First Solar
For “China weathered the Hormuz shock. Clean energy can make that resilience last.,” First Solar (FSLR) is linked, with no stored direction, medium confidence. Reason on file: First Solar (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story
- ENPH Enphase Energy
Enphase Energy (ENPH) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “China weathered the Hormuz shock. Clean energy can make that resilience last..” Reason on file: Enphase Energy (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story
- NEE Nextera Energy
For “China weathered the Hormuz shock. Clean energy can make that resilience last.,” Nextera Energy (NEE) is linked, with no stored direction, medium confidence. Reason on file: NextEra Energy (electric services): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story
- JKS JinkoSolar Holding
JinkoSolar Holding (JKS) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “China weathered the Hormuz shock. Clean energy can make that resilience last..” Reason on file: Jinko Holdings (semiconductors and related devices, with business in China): clean-energy firms move with renewables policy and demand. Linked by “clean energy” (clean energy) in this story
How a Strait of Hormuz shock reaches Invesco Solar Etf (TAN)
“China weathered the Hormuz shock. Clean energy can make that resilience last.” (5 Nov 2026) reaches Invesco Solar Etf (TAN) through Strait of Hormuz.
What ties Invesco Solar Etf (TAN) to the headline is this: Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story
A second company, Ishares Tr (ICLN), is listed for a different reason: iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “clean energy” (clean energy) in this story
The price range for Invesco Solar Etf (TAN), and the dates in the story
FXI traded between 32.14 and 34.36 across 20 sessions. The latest close on file is 33.21. ICLN traded between 16.21 and 17.62 across 18 sessions. The latest close on file is 16.27. TAN traded between 40.77 and 46.34 across 20 sessions. The latest close on file is 41.77.
A simple score for Invesco Solar Etf (TAN)
46 out of 100
“China weathered the Hormuz shock. Clean energy can make that resilience last.” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.