ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Modern Alpha
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. ETF Building Blocks Channel
  2. When Energy Prices Are High, Seek Clean Energy ETFs
ETF Building Blocks Channel
Share

When Energy Prices Are High, Seek Clean Energy ETFs

Elle CarusoApr 08, 2022
2022-04-08

High energy prices have reignited positive clean energy sentiment, propelling ETFs offering exposure to the energy transition higher.

The ALPS Clean Energy ETF (ACES A-) rallied earlier this month as high energy prices, resulting from the Russia-Ukraine conflict and ensuing sanctions, have global governments scrambling for alternative energy solutions, according to ALPS.

The electric vehicle companies included in ACES – comprising 28.49% of the fund – rose over 2% after the Biden administration invoked The Defense Production Act with $750 million to boost U.S. production of materials needed for EVs and EV infrastructure, ALPS wrote in an insight.

A potential cease-fire in the Russia-Ukraine war last week was also positive for EV names as Russia accounts for nearly 20-30% of global nickel and palladium production that goes into lithium-ion EV batteries, according to Mining.com.

Top-performing holdings include Workhorse Group Inc. (WKHS, 0.52% weight), an EV and electric aircraft developer, which gained nearly 10% on the cease-fire news, as well as EV charging company, Chargepoint Holdings Inc. (CHPT, 3.78% weight), which gained nearly 7% on continued partnerships. V giant, Tesla Inc. (TSLA, 5.64% weight), also gained 7% after announcing a future stock split two weeks ago.

The hydro/ geothermal holdings in ACES have also risen, propelled by Brookfield Renewable Partners LP. (BEP-U CN, 4.83% weight) gaining over 3% after inking a $300 million investment agreement with Entropy Inc. to scale its carbon capture technology, according to ALPS.

Geothermal energy developer, Ormat Technologies Inc. (ORA, 3.06% weight), jumped nearly 5% the week of April 1 following positive commentary from the company’s investor day, where management cited “massive potential” for geothermal growth in the U.S, according to ALPS.

ACES’ largest holdings include Enphase Energy (5/68%), Tesla (5.64%), Plug Power (5.36%), First Solar (5.10%), and Sunrun (5.05%), according to ETF Database.

Other funds offering exposure to the energy transition include the SPDR S&P Kensho Clean Power ETF (CNRG A-) and the First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN B+).

For more news, information, and strategy, visit the ETF Building Blocks Channel.

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X