Save my name, email, and website in this browser for the next time I comment. SPX, There is also so much more to renewable energy than electric vehicles. “According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric generators, EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020,” said EIA in a recent note. With such a huge race to develop self-driving cars, vertical integration will be an important edge for taking the market. Privacy Notice and The stock, having a market cap of $2.6 billion, has a Zacks Rank #3 and Score of A.Azure Power Global Ltd. (AZRE - Free Report) – Up 155.2%With a market cap of $1.5 billion, Azure Power is a producer and developer of solar energy. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. Tesla Inc. was on an absolute tear, but riding on the heels of that company were others like Nikola Corp. (NASDAQ: NKLA) and Workhorse Group Inc. (NASDAQ: WKHS). What Happened: The related exchange-traded funds … • The SPDR S&P Kensho Clean Power ETF One of the things that makes Nio Inc. (NYSE: NIO) an EV stock to watch is that it's based in China, a country that has become super-friendly toward green cars in recent years. +4.24% +1.98% 2020 InvestorPlace Media, LLC. Wind and solar power costs are steadily dropping. Additionally, interest in environmental, social and governance investing has been rising rapidly with firms across the globe investing in clean tech business.Amid the sector rally, the world’s biggest provider of wind and solar energy NextEra Energy (NEE - Free Report) outpaced over-a-century-old giant ExxonMobil (XOM - Free Report) as the biggest energy or utility company by market capitalization. Historical and current end-of-day data provided by FACTSET. You can see that for some of these stocks, the prices have gotten ahead of the targets. Few industries priced in a victory by now President-elect Joe Biden in the months leading up to Election Day on par with renewable energy. GM has a whole line of competitive EVs waiting in the wings, including an all-electric hummer. BP Plc. SPY, +3.72% With this ETF, you'll be investing in top renewable energy stocks like SolarEdge Technologies Inc. (NYSE: SEDG) and Plug Power Inc. (NASDQ: PLUG). -1.00%. Analysts have predicted that China's solar energy production could rocket 700% by 2035. Copyright © 2020 MarketWatch, Inc. All rights reserved. is a different animal entirely — it has a dividend yield of 3.26%, which isn’t too shabby at a time of such low interest rates. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Then again, SPY blindly follows the S&P 500 Index PV cells are otherwise known as "solar cells" and are an important component in solar panels. Should I get him nothing this year? Data confirm as much. Clean energy ETFs are exchange-traded funds that invest primarily in stocks of companies involved in alternative energy sources, such as solar, wind, and water. Real time prices by BATS. While many analysts still worry Tesla will be a highly volatile stock, it's spent many years cementing its name in leading the EV industry and will be hard to ignore. Investors buy into First Trust Nasdaq CLEAN Edge U.S. The ETF diversifies the … We'll go into more detail on these clean energy stocks below…. With wind and solar expected to be major forces in energy adoption this year, ACES looks like an energy fund in the right place at the right time. All the First Trust NASDAQ Clean Edge Green Energy Index Fund The table below includes fund flow data for all U.S. listed Alternative Energy Equities ETFs. Best Stocks: Three of the best stocks to consider buying today: These picks belong in every portfolio. The following table displays sortable historical return data for all ETFs currently included in the Alternative Energy Equities ETFdb.com Category. Ford recently announced it was investing $1.8 billion in fully electric battery vehicles in Canada. • The Invesco Cleantech ETF Copyright © Possibly the biggest boon for clean energy stocks in 2020 was in electric vehicle (EV) stocks, or EV stocks. You're investing in clean energy stocks around the world. It generates both wind and solar power, the world's largest generator of clean energy in that department. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. +4.65% Other electric vehicle companies were being wildly bought up by SPACs. ", Ford already had a line of hybrids in 2020. But it's likely we haven't seen the last of it. PZD, Politicians have a way of disappointing voters and QCLN was performing quite well under President Donald Trump, which is to say Biden isn't the end all and be all of QCLN's fortunes. Sector ETFs to Win/Lose If Biden Wins Elections, Here's Why Clean Energy ETFs Are Shining Bright, Best Performing ETFs of the Third Quarter, Why Clean Energy ETFs Are Top Performers in 2020, Clean Energy ETFs in Focus on Sunrun-Vivint Solar Deal, The Smartest Way to Buy Blockchain Stocks, Handicapping the Improving Earnings Picture, Equilibrium Descends on Mixed Market Indexes, Biggest ETF Winners from Coronavirus Vaccine News. Postal Service for delivery trucks. The ETF holds 40 stocks. It tries to tackle all aspects of the solar industry, mainly in the United States and China. All Rights Reserved. Too much information and not sure what to do? For over three decades, our Strong Buy list has averaged returns more than twice the market. The company has gone through several embattled years under its unpredictable CEO, Elon Musk, including production shortages, earnings misses, and near-bankruptcy. My fiancé and I have 3 kids each. Long-term, it's only a matter of how quickly these renewable energy stocks bound upward. For more detailed technical metrics on any of these ETFs, click the “View” link in the right column. Benzinga does not provide investment advice. Here are the trades that hurt the most, The tech rally may be on its last legs, so here are income-paying stocks to compensate, says fund manager Thornburg, ‘Constitutional crisis’ could unleash wave of stock-market selling, says CNBC’s Cramer, XPeng's stock soars, as China-based EV maker reports more than fourfold jump in revenue, First Trust Nasdaq Clean Edge Green Energy Index Fund, First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index, Global X Funds Global X YieldCo & Renewable Energy Income ETF. You can click on the tickers for more about each company. PBW, Mike Stenger, Associate Editor for Money Morning at Money Map Press, graduated from the Perdue School of Business at Salisbury University. It is moderately concentrated across components with each making up for not more than 10.5% of the assets. is focused on U.S. companies that develop technology and make equipment used for alternative energy generation. NASDAQ data is at least 15 minutes delayed. With a market cap of $483.8 million, it has a Zacks Rank #2 and Growth Score of A.Vivint Solar Inc. – Up 495%It is a provider of residential solar energy systems in the United States and is engaged in designing, installing and maintaining cost-effective solar energy systems. The most popular and most common industry in this category is solar energy, although wind, hydroelectric, and … As a candidate, he overtly campaigned on climate change and related issues. China also sold more than 25 million electric vehicles in 2019, some thanks to EV subsidies encouraging production from companies like Tesla Inc. (NASDAQ: TSLA) and China's own Nio Inc. (NYSE: NIO). Overall, the technology is getting better and cheaper. A vertically integrated EV manufacturer, this company is set to co-lead the world EV market with Tesla. It is also weighted by market cap. BP Chair Helge Lund said he expects demand for fossil fuels to fall by 75% over the next 30 years.