|Bid||25.03 x 1000|
|Ask||25.05 x 900|
|Day's Range||24.96 - 25.57|
|52 Week Range||17.47 - 26.33|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.67|
|Expense Ratio (net)||0.70%|
Many corners of the market have seen rough trading while a few still stand tall. Below, we have highlighted ETFs from the best and worst zones at the halfway mark in Q2.
Editor's note: This story was previously published in December 2018. It has since been updated and republished.Alternative energy is an increasingly prominent theme not only on the energy consumption front, but in the investment universe as well. A slew of exchange-traded funds (ETFs) focus on these themes, but there are only a few clean energy ETFs that truly stand out from the pack.Scores of data points confirm the move away from traditional fossil fuels to clean energy sources. For example, California, the largest U.S. state, recently put into the state building code a mandate that all new homes built there, starting in 2020, must have solar panels. Other data points indicate renewables are pressuring traditional power sources, such as coal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"The competitive environment for coal-fired power in the generation marketplace is becoming ever more challenging as the price of renewables continues to fall and as natural gas prices are expected to remain low for the foreseeable future," according to the Institute For Energy Economics and Financial Analysis (IEEFA). * 7 Strong Buy Stocks That Tick All the Boxes Declining costs are fostering adoption of renewables and that trend could be a long-term catalyst for clean energy ETFs."The cost of building a new utility-scale solar or wind farm has now dropped below the cost of operating an existing coal plant, according to an analysis by the investment bank Lazard," reports CBS.Here are some of the best clean energy ETFs to consider in 2019. Source: Shutterstock ALPS Clean Energy ETF (ACES)Expense Ratio: 0.65% per yer, or $65 per $10,000 investedAmong clean energy ETFs, the ALPS Clean Energy ETF (NYSEARCA:ACES) is one of the newest having debuted late last June. Despite its rookie status, ACES may also be one of the most compelling clean energy ETFs due to its multi-theme exposure. While many clean energy ETFs focus on a specific part of the alternative energy universe, such as electric vehicles, solar or wind, ACES offers exposure to all those themes and then some.This clean energy ETF features solar, wind, smart grid, biomass, geothermal, electrical vehicle/storage and fuel cell stocks, giving it a broader reach than more established clean energy ETFs that you can buy."The fund's underlying index has a differentiated approach to investing in the sector. First, by narrowing the list of constituents to companies whose primary operations are focused on clean energy, the fund offers more pure-play exposure to the sector," according to ALPS.ACES holds 34 stocks and the largest holding is Cree (NASDAQ:CREE) at a weight of 5.75%. Invesco WilderHill Clean Energy ETF (PBW)Expense Ratio: 0.70%The Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) is just a few months shy of its fourteenth birthday, making it one of the more seasoned clean energy ETFs to buy on the market. The $105.10 million PBW targets the WilderHill Clean Energy Index.That index "is composed of stocks of companies that are publicly traded in the United States and engaged in the business of advancement of cleaner energy and conservation," according to Invesco. * 7 Energy Stocks to Buy to Light Up Your Portfolio The average market value of PBW's 39 holdings is $4.70 billion, indicating this clean energy ETF is a mid-cap fund. Just about 14% of PBW's constituents are classified as large caps. Another factor investors must consider with clean energy ETFs is that many of the stocks populating this investment niche are growth names.PBW fits that bill as over 48% of its components are classified as growth stocks. A price-to-earnings ratio of over 48 confirms this clean energy ETF's growth tilt. Source: Shutterstock Invesco Solar ETF (TAN)Expense Ratio: 0.70%The Invesco Solar ETF (NYSEARCA:TAN) is one of the largest clean energy ETFs despite its focus on one segment of the alternative energy space. Solar stocks are struggling this year, as highlighted by TAN's year-to-date decline of over 20%, but this clean energy ETF could be one to watch in 2019.Morgan Stanley recently raised a Market Weight rating on First Solar (NASDAQ:FSLR), TAN's largest holding at a weight of 10.62%. The restored its former price target on the largest U.S. solar company to $60 from $56.Solar installation trends in the U.S. and around the world bode well for TAN over the long-term."A record 8.5 gigawatts (GW) of utility solar projects were procured in the first six months of this year after President Donald Trump in January announced a 30 percent tariff on panels produced overseas, according to the report by Wood Mackenzie Power & Renewables and industry trade group the Solar Energy Industries Association," reports Reuters. Source: Shutterstock SPDR Kensho Clean Power ETF (XKCP)Expense Ratio: 0.45%The SPDR Kensho Clean Power ETF (NYSEARCA:XKCP) is another one of the newer entrants to the clean energy ETF space, having debuted in October. XKCP is also one of the more unique clean energy ETFs investors will find.The fund's underlying benchmark uses "artificial intelligence and a quantitative weighting methodology to capture companies whose products and services are driving innovation behind the clean energy sector, which includes the areas of solar, wind, geothermal, and hydroelectric power," according to State Street. * 7 Stocks to Buy That Ought to Buy Back Shares XKCP holds 43 stocks with an average market value of $18.29 billion. Enphase Energy (NASDAQ:ENPH) is the fund's largest holding at a weight of 5.25%. This clean energy ETF is diverse at the industry level, featuring exposure to 15 industries, including utilities, semiconductors and renewable electricity, among others. Source: Dave via Flickr (Modified) VanEck Vectors Global Alternative Energy ETF (GEX)Expense Ratio: 0.63%The VanEck Vectors Global Alternative Energy ETF (NYSEARCA:GEX) is a clean energy ETF with multiple applications across the alternative energy investment landscape. While GEX holds just 30 stocks, its roster spans bio mass, wind, solar, hydro and geothermal companies as well as companies that offer related products and services.GEX offers some level of renewable purity because its underlying index mandates that member firms derive at least half their revenue from clean energy endeavors. Just 4% of GEX's components are not large or mid caps.Relative to some other clean energy ETFs to buy, GEX sports attractive valuations as confirmed by a price-to-book ratio of just over 1 and a price-to-earnings ratio of 14.03.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Wildest Stock Market Predictions for 2019 * 7 Stocks to Buy Down 10% Last Week * 10 Stocks Defying the Market Selloff, Including Cronos Compare Brokers The post 5 Clean Energy ETFs to Buy for 2019 appeared first on InvestorPlace.
Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting points for those looking to take on either short or long positions. Likewise, traders can also use this list to spot potential trend reversal opportunities that may offer a generous risk/reward. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
A solar sector-related exchange traded fund was among the lone areas of strength Tuesday after SolarEdge Technologies (NasdaqGS: SEDG) revealed record revenues and Citi analysts upgraded Vivint Solar (NasdaqGS: ...
The month of April saw more strength for U.S. equities as the markets were boosted by more optimism coming from the Commerce Department with the U.S. economy rebounding in the first quarter, beating analysts’ ...
Additionally, declining costs for alternative forms of energy, including solar, are prompting consumers and utilities to move away from traditional fuel sources, such as coal. Historically, the December through April period is the best time of the year in which to be long TAN while the solar ETF often struggles in the May through November time frame. In July and October, the Energy Select Sector SPDR (NYSE: XLE) is usually the worst-performing member of the sector SPDR ETF suite.
Up nearly 35% year-to-date, the Invesco Solar ETF (TAN) is one of this year's best-performing non-leveraged exchange traded funds (ETFs), but that status could be threatened over the next several months if TAN's historical seasonality repeats. While TAN has been sizzling through the first four months of 2019, the May through November period is often taxing on the benchmark solar ETF.
The solar industry is outperforming and is the No. 1 industry group. Invesco Solar is one of the best ETFs in the market today.
ESG ETFs have been thriving on popularity of late with issuers coming up with products in droves. But the area is less known and thus has more room for growth.
An exchange traded fund tracking the solar sector jumped Wednesday after First Solar (NasdaqGS: FSLR) was added on to Goldman Sachs’ vaunted “Conviction Buy List.” Among the better performing non-leveraged ...
Why Did First Solar Stock Rise 8% on April 10?Solar stocks keep the momentum First Solar (FSLR) stock rose more than 8% on April 10 and closed almost at its ten-month high. According to CNBC, Goldman Sachs added First Solar to its “Americas
The Invesco Solar ETF (TAN), the largest ETF dedicated to solar equities, is up nearly 34% year-to-date, making it one of 2019's best-performing non-leveraged ETFs and high oil prices are not the only reason solar stocks are hot. TAN, which is nearly 12 years old, follows the MAC Global Solar Energy Index. The index is computed using the net return, which withholds applicable taxes for non-resident investors,” according to Invesco.
Renewable energy stocks and sector-related ETFs may stand to benefit the most from the Green New Deal, a proposal to end U.S. fossil fuel consumption within a decade, but companies in the sector are loath to openly support it. Clean energy stocks have been rallying this year as talks of a Green New Deal, an aggressive proposal backed by several Democratic presidential candidates to end the U.S.'s reliance on fossil fuels, started to gain steam. Many clean energy companies argued that the new proposal is unrealistic and too politically charged for an industry that wants to continue to do business in red and blue states.
The Invesco Solar ETF (TAN), the largest exchange traded fund dedicated to solar equities, is higher by nearly 30% year-to-date, making it one of 2019's best-performing non-leveraged ETFs. TAN could deliver more upside if analysts' expectations on some of the fund's marquee holdings are proven accurate. TAN, which is nearly 12 years old, follows the MAC Global Solar Energy Index.
First Solar’s Indicators, Valuation, Price Targets, and More(Continued from Prior Part)Valuation Let’s look at the current valuations for the top solar stocks in this part of our series. First Solar (FSLR) stock is currently trading at a forward
First Solar’s Indicators, Valuation, Price Targets, and MoreSunny side up2019 could be a lot better and a step in a different direction for the solar energy sector as a whole. Solar stocks have already performed well so far. Last year was
Up more than 34% this year, the Invesco Solar ETF (NYSEARCA: TAN), the largest exchange traded fund dedicated to solar equities, is one of 2019’s best-performing non-leveraged ETFs. TAN, which is nearly ...
Elon Musk’s Twitter Habits Could Get Him into Trouble—Again(Continued from Prior Part)Wall Street analysts on TeslaSince Tesla’s (TSLA) inception, analysts have remained divided in terms of its future growth prospects. While the automotive