With oil prices booming, solar and renewable energy ETFs are on the move. Let’s take a look at a few options to consider in the investing space.
ALPS Clean Energy ETF (ACES)
The fund holdings are primarily from the US and Canada, representing 94% of the holdings. Nearly 1/3 of the assets are in solar stocks, 20% in “smart grid” holdings and 20% in wind-related energy stocks. The expense ratio of the fund is %0.55. and has returned over 14% in the last month.
The top 5 Holdings of the Fund are
NPI Northland Power Inc. – 6.54%
BEP.UT Brookfield Renewable Partners LP – 6.46%
NEP NextEra Energy Partners LP – 5.67%
TSLA Tesla Inc – 5.07%
HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc. – 4.85%
Invesco Solar ETF (TAN)
The focus here is all solar with some of the largest companies in the energy sector represented. With Invesco behind it the fund holds nearly $2 billion in assets under management. The United States, China and Israel, represent the largest holdings of the fund. The expense ratio of the fund is %0.69. and has returned nearly 18% in the last month.
The top 5 Holdings of the Fund are
SEDG SolarEdge Technologies, Inc. – 11.34%
ENPH Enphase Energy, Inc. – 9.02%
968 Xinyi Solar Holdings Ltd. – 8.25%
FSLR First Solar, Inc. – 6.95%
RUN Sunrun Inc. – 5.05%
iShares Global Clean Energy ETF (ICLN)
This clean energy ETF holds more than $6 billion in assets under management. The fund is the oldest of its kind, established in 2008. This is an international fund, with only about 31% of assets in U.S. stocks, Denmark is the second largest country of holdings at 14%. The expense ratio of the fund is %0.42. and has returned over 18% in the last month.
The top 5 Holdings of the Fund are
VWS Vestas Wind Systems A/S – 7.79%
ENPH Enphase Energy, Inc. – 7.04%
ED Consolidated Edison, Inc. – 6.86%
ORSTED Orsted – 5.87%
SEDG SolarEdge Technologies, Inc. – 5.11%