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The Zacks Analyst Blog Highlights ICLN, TAN, QCLN, ACES, PBD
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For Immediate Release
Chicago, IL – March 10, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: iShares Global Clean Energy ETF (ICLN - Free Report) , Invesco Solar ETF (TAN - Free Report) , First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN - Free Report) , ALPS Clean Energy ETF (ACES - Free Report) , Invesco Global Clean Energy ETF (PBD - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Alternative Energy Stocks Shine as Oil Prices Rally
The Russia-Ukraine war saga continues to see new twists and turns. The economic sanctions on Moscow from the United States and its western allies are getting stricter and bigger as the intensity of the attacks on Ukraine is rising. President Joe Biden recently announced imposing a ban on Russian oil imports in one such attempt.
The war has been leading to a spike in oil, gasoline and natural gas prices. In fact, the international benchmark, Brent crude, recently touched its highest mark of $139.13 (since July 2008). According to AAA, the national average for a gallon of regular gas increased to $4.173 on Mar 8 (as mentioned in a CNBC article). Thus, the current situation is increasing the focus on solar and clean energy spaces.
Furthermore, favorable government policies, impressive renewable investments, falling overall cost of generating renewable electricity and the growing adoption of electric vehicles (EV) might keep supporting the momentum in the space in 2022.
Going by a U.S. Energy Information Administration report, electricity consumption in the United States for retail sales and direct use of electricity is projected to rise 0.6% in 2022 and 1.4% in 2023. The same report forecasts electricity generation from renewable sources to rise from 20% in 2021 to 23% in 2022 and to 24% in 2023. Expanding new solar and wind capacities will make up most of the rise in renewables generation.
Moreover, technological advancements, increasing investments, growing government initiatives and rising awareness across the globe about adopting clean energy have been leading to a rise in demand for renewable energy.
Clean Energy ETFs That Can Shine
According to the International Energy Agency (IEA) report, renewable energy sources are expected to make up 95% of the world’s increase in power capacity through 2026. Per Allied Market Research, the global renewable energy market is expected to reach a value of $1.51 billion, at a CAGR of 6.1% between 2018 and 2025. Against this backdrop, let’s take a look at some alternative energy ETFs:
iShares Global Clean Energy ETF
iShares Global Clean Energy ETF seeks to track the investment results of an index composed of global equities in the clean energy sector. It has 76 holdings. The fund’s AUM is $4.90 billion and the expense ratio is 0.42% (read: Bet on These 5 ETF Areas for 2022).
Invesco Solar ETF
Invesco Solar ETF is based on the MAC Global Solar Energy Index, which comprises companies in the solar energy industry. It has 51 holdings. The fund’s AUM is $2.24 billion and the expense ratio is 0.66% (read: Top ETF Stories of February That Deserve a Watch in March).
First Trust NASDAQ Clean Edge Green Energy Index Fund
First Trust NASDAQ Clean Edge Green Energy Index Fund seeks investment results that generally correspond to the price and yield, before fees and expenses, of the NASDAQ Clean Edge Green Energy Index. It has 60 holdings. The fund’s AUM is $2.09 billion while the expense ratio is 0.60%.
ALPS Clean Energy ETF
ALPS Clean Energy ETF seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index. The fund’s AUM is $721.4 million and the expense ratio, 0.55%.
Invesco Global Clean Energy ETF
Invesco Global Clean Energy ETF is based on the WilderHill New Energy Global Innovation Index. It consists of 139 holdings. The fund’s AUM is $252.3 million and its expense ratio, 0.75%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights ICLN, TAN, QCLN, ACES, PBD
For Immediate Release
Chicago, IL – March 10, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: iShares Global Clean Energy ETF (ICLN - Free Report) , Invesco Solar ETF (TAN - Free Report) , First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN - Free Report) , ALPS Clean Energy ETF (ACES - Free Report) , Invesco Global Clean Energy ETF (PBD - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Alternative Energy Stocks Shine as Oil Prices Rally
The Russia-Ukraine war saga continues to see new twists and turns. The economic sanctions on Moscow from the United States and its western allies are getting stricter and bigger as the intensity of the attacks on Ukraine is rising. President Joe Biden recently announced imposing a ban on Russian oil imports in one such attempt.
The war has been leading to a spike in oil, gasoline and natural gas prices. In fact, the international benchmark, Brent crude, recently touched its highest mark of $139.13 (since July 2008). According to AAA, the national average for a gallon of regular gas increased to $4.173 on Mar 8 (as mentioned in a CNBC article). Thus, the current situation is increasing the focus on solar and clean energy spaces.
Furthermore, favorable government policies, impressive renewable investments, falling overall cost of generating renewable electricity and the growing adoption of electric vehicles (EV) might keep supporting the momentum in the space in 2022.
Going by a U.S. Energy Information Administration report, electricity consumption in the United States for retail sales and direct use of electricity is projected to rise 0.6% in 2022 and 1.4% in 2023. The same report forecasts electricity generation from renewable sources to rise from 20% in 2021 to 23% in 2022 and to 24% in 2023. Expanding new solar and wind capacities will make up most of the rise in renewables generation.
Moreover, technological advancements, increasing investments, growing government initiatives and rising awareness across the globe about adopting clean energy have been leading to a rise in demand for renewable energy.
Clean Energy ETFs That Can Shine
According to the International Energy Agency (IEA) report, renewable energy sources are expected to make up 95% of the world’s increase in power capacity through 2026. Per Allied Market Research, the global renewable energy market is expected to reach a value of $1.51 billion, at a CAGR of 6.1% between 2018 and 2025. Against this backdrop, let’s take a look at some alternative energy ETFs:
iShares Global Clean Energy ETF
iShares Global Clean Energy ETF seeks to track the investment results of an index composed of global equities in the clean energy sector. It has 76 holdings. The fund’s AUM is $4.90 billion and the expense ratio is 0.42% (read: Bet on These 5 ETF Areas for 2022).
Invesco Solar ETF
Invesco Solar ETF is based on the MAC Global Solar Energy Index, which comprises companies in the solar energy industry. It has 51 holdings. The fund’s AUM is $2.24 billion and the expense ratio is 0.66% (read: Top ETF Stories of February That Deserve a Watch in March).
First Trust NASDAQ Clean Edge Green Energy Index Fund
First Trust NASDAQ Clean Edge Green Energy Index Fund seeks investment results that generally correspond to the price and yield, before fees and expenses, of the NASDAQ Clean Edge Green Energy Index. It has 60 holdings. The fund’s AUM is $2.09 billion while the expense ratio is 0.60%.
ALPS Clean Energy ETF
ALPS Clean Energy ETF seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index. The fund’s AUM is $721.4 million and the expense ratio, 0.55%.
Invesco Global Clean Energy ETF
Invesco Global Clean Energy ETF is based on the WilderHill New Energy Global Innovation Index. It consists of 139 holdings. The fund’s AUM is $252.3 million and its expense ratio, 0.75%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.