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 - Free Report) holds the US and international companies in the solar energy industry. Enphase Energy (ENPH - Free Report) and SolarEdge Technologies (SEDG - Free Report)—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 - Free Report) holds US traded companies involved in cleaner energy sources or energy conservation. Tesla (TSLA - Free Report) is its top holding.
The ALPS Clean Energy ETF (ACES - Free Report) 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.
Disclaimer: Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and ...
Disclaimer: Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader's level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch's authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information.