Why Clean Energy ETFs Are Shining

Neena Mishra

Clean energy ETFs are among the top-performers this year as well, after a spectacular performance last year.This comes after a volatile decade, when their performance was largely dependent on government subsidies and oil prices.

The cost of renewable energy generation has been falling in recent years with continued technological innovation, and that has started changing the competitive balance between clean and traditional energy.

The Invesco Solar ETF (TAN) holds US and international companies in the solar energy industry. Enphase Energy (ENPH) and SolarEdge Technologies (SEDG)—the largest holdings in the ETF—have skyrocketed more than 500% and 200% respectively over the past year.

The Invesco WilderHill Clean Energy ETF (PBW) holds US traded companies involved in cleaner energy sources or energy conservation. Tesla (TSLA) is its top holding.

The ALPS Clean Energy ETF (ACES) holds US and Canadian based companies that are focused on renewables and other clean technologies.

The three ETFs have gained more than 50% in the last 12 months. To learn more about them, please watch the short video above.

Want key ETF info delivered straight to your inbox?

Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.  Get it free >>


 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Tesla, Inc. (TSLA) : Free Stock Analysis Report
 
Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report
 
SolarEdge Technologies, Inc. (SEDG) : Free Stock Analysis Report
 
Invesco Solar ETF (TAN): ETF Research Reports
 
Invesco WilderHill Clean Energy ETF (PBW): ETF Research Reports
 
ALPS Clean Energy ETF (ACES): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report