Top 10 Green Energy ETFs to Invest in This Year
With growing concerns about climate change and a shift towards sustainable energy, green energy ETFs have gained significant attention from investors. These funds provide a way to invest in companies and technologies that focus on renewable energy sources such as wind, solar, and hydropower. Here’s a look at the top 10 green energy ETFs to consider this year.
1. iShares Global Clean Energy ETF (ICLN)
This ETF tracks the S&P Global Clean Energy Index, providing exposure to companies involved in clean energy production. The fund includes top holdings like Plug Power Inc. and Enphase Energy Inc.
2. Invesco Solar ETF (TAN)
Focusing specifically on the solar energy sector, TAN invests in companies that manufacture solar equipment and provide solar energy services. Dominant holdings include SolarEdge Technologies Inc. and First Solar Inc.
3. First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)
QCLN tracks the NASDAQ Clean Edge Green Energy Index and invests in a range of clean energy companies. Key holdings feature Tesla Inc. and NIO Inc.
4. ALPS Clean Energy ETF (ACES)
ACES provides exposure to North American companies engaged in the clean energy sector, including wind, solar, and energy storage. Major investments encompass Ballard Power Systems Inc. and Brookfield Renewable Partners LP.
5. SPDR S&P Kensho Clean Power ETF (CNRG)
This ETF targets companies involved in the development of new technologies for clean power. It includes firms such as Albemarle Corporation and Bloom Energy Corporation.
6. Global X Renewable Energy Producers ETF (RNRG)
RNRG focuses on companies that produce energy from renewable sources, offering exposure to a global portfolio of firms like Orsted A/S and EDP Renováveis S.A.
7. VanEck Vectors Low Carbon Energy ETF (SMOG)
SMOG invests in companies that generate at least 50% of their revenues from alternative energy sources. Holdings include Tesla Inc. and Vestas Wind Systems A/S.
8. Invesco WilderHill Clean Energy ETF (PBW)
PBW offers broad exposure to the clean energy sector, including solar, wind, and biofuels. Top investments are in companies like Enphase Energy Inc. and Plug Power Inc.
9. KraneShares MSCI China Environment Index ETF (KGRN)
KGRN targets Chinese companies that support environmental protection and clean energy initiatives. Major holdings involve CATL and BYD Company Limited.
10. iShares MSCI ACWI Low Carbon Target ETF (CRBN)
CRBN aims to reduce carbon exposure by investing in companies with low carbon footprints across the global market. Key holdings include Apple Inc. and Microsoft Corporation.
Investors looking to support the transition to renewable energy and reduce their carbon footprint may find these ETFs an attractive option. For more detailed analysis, visit Analytics Insight.
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Original Story at news.google.com