by Vic Patel

There are over a dozen major Clean Energy ETFs available to investors. But which one is the best one to put your hard earned money into? Best can mean different things to different people based on their investment preferences and risk profile.

In this article, I will provide a more empirical based reason behind why I believe that PZD is the most attractive Clean Energy ETF at the moment. I have based on my analysis of 4  primary factors: liquidity, diversification, recent price action, and last but not least expense ratio.

Liquidity has to be a major consideration in the selection of any financial asset. The lack of sufficient liquidity can lead to wider bid ask pricing, and difficulty in efficient trade execution

Top 5 Most Liquid Clean Energy ETFs (based on 3 month Avg. Daily Volume)

TAN –   135,000
PZD –    7,512
ICLN –   79,979
PBW –   13,373
QCLN –   15,318

Since I always want to reduce risk through diversification. ETFs with a larger numbers of holding and a lesser concentration in the top 10 are the most  diversified. So, next, I  analyzed the number of holdings within each ETF and the concentration of its’ top 10 holdings. You will find the results of that below.

Number of holdings

PZD                 51          (31% concentration in top 10 holdings)
PBW                 40         (36% concentration in top 10 holdings)
ICLN                31         (55% concentration in top 10 holdings)
QCLN               39         (57% concentration in top 10 holdings)

Clear Winner:  PZD

From here, I took a look at the price chart of each ETF on our list. What I primarily wanted to see for each was where the current price was trading in relation its 200 period moving average. The 200 period moving average is a widely watched metric by technical traders, in particular retail trend traders. When price is above the 200 period moving average, this group tends to stay on the long side of the market, and when price is below the 200 period moving average they opt to stay flat or on the short side of the market.

This can sometimes bolster prices or place additional pressure on the price of the ETF depending on the where price is trading in relation to this 200 MA. As such, we want to align our position with that order flow whenever possible. So, when prices are trading above it, it is considered a bullish sign. And contrary to that, when prices are trading below the 200 period moving average, it is considered a bearish sign. Essentially, I wanted to filter out any of these ETFs that were trading below their 200 period moving average.

PZD, PBW, and QCLN made the cut, as each was trading above its 200 period moving average. ICLN and TAN however needed to be filtered out due to their trading below its 200 period moving average.

So now we are down to three. The final piece of analysis involved comparing each of the remaining three ETFs to see how their Expense Ratios measured up. The results are below:

Expense Ratio Comparison

PZD     .68
PBW     .70
QCLN   .60

The expense ratios seem to be relatively similar for all three, so there is no clear winner or loser there.

Conclusion

So here what PZD (Invesco Cleantech ETF) has going for it and the reason I believe it is the best Clean Energy ETF to buy:

• PZD is a relatively liquid ETF.
• PZD has the largest number of holdings and the least concentration in the top 10% of its holdings.
• PZD is trading above the 200 period moving average.
• PZD has a reasonable expense ratio based on its peer class.

This market analysis was done by Vic Patel, He is an experienced trader with over 20+ year in the markets. He also runs a popular trading blog at Forex Training Group.

**Data Source – ETFDB.com

The post Screening For the Best Clean Energy ETF appeared first on Alternative Energy Stocks.

Residential solar stocks are publicly traded companies that develop, install, finance, or own solar systems for single and multi-family residences.

See also the list of Solar Farm Owner and Developer Stocks, the list of Solar Manufacturing Stocks, and the list of solar and wind inverter stocks.

This post was last updated on 7/14/21.

Guggenheim Global Solar ETF (TAN)
RGS Energy (RGSE)
Solar Alliance Energy, Inc (SOLR.V)
Sunlight Financial Holdings Inc. (SUNL)
Sunrun, Inc. (RUN)
Sunworks, Inc. (SUNW)
Tesla, Inc. (TSLA)
Vivint Solar (VSLR)

If you know of any residential solar stock that is not listed here and should be, please let us know by leaving a comment. Also for stocks in the list that you think should be removed.

The post List of Residential Solar Stocks appeared first on Alternative Energy Stocks.

Solar farm owner and developer stocks are publicly traded companies who develop or manufacture equipment that converts sunlight into other types of useful energy.  Includes manufacturers and developers of both solar photovoltaic and solar thermal equipment, as well as their supply chain.

This list was last updated on 3/21/2022.

See also the list of Solar Manufacturing Stocks, the list of Residential Solar Stocks, and solar and wind inverter stocks.

7C Solarparken AG (HRPK.DE)
Abengoa SA (ABG.MC, ABGOY, ABGOF)
Acciona, S.A. (ANA.MC, ACXIF)
Adani Green Energy (ADANIGREEN.NSE)
Algonquin Power and Utilities (AQN, AQN.TO)
Atlantica Yield PLC (AY)
Azure Power Global Ltd. (AZRE)
Bluefield Solar Income Fund (BSIF.L)
Boralex (BLX.TO, BRLXF)
Brookfield Renewable Energy Partners (BEP)
Canadian Solar (CSIQ)
Capital Stage AG (CAP.DE)
Clearway Energy, Inc. (CWEN, CWEN-A)
Edisun Power Europe AG (ESUN.SW)
Etrion Corp. (ETX.TO, ETRXF)
Canadian Solar (CSIQ)
First Solar Inc (FSLR)
GCL-Poly Energy Holdings Ltd. (3800.HK)
Iberdrola, S.A. (IBE.MC, IBDSF, IBDRY)
Infigen Energy Limited (IFN.AX, IFGNF)
Infraestructura Energética Nova, S.A.B. de C.V. (IENOVA.MX)
Innergex Renewable Energy Inc. (INE.TO, INGXF)
JinkoSolar Holding Co. (JKS)
Greenbriar Capital Corp. (GRB.V)
Guggenheim Global Solar ETF (TAN)
Neoen S.A (NEOEN.PA)
New Energy Exchange Limited (EBODF)
NextEra Energy Partners, LP (NEP)
NextEra Energy, Inc. (NEE)
Northland Power Inc. (NPI.TO, NPIFF)
Panda Green Energy Group Limited (0686.HK)
Premier Power Renewable Energy (PPRW)
Principal Solar (PSWW)
Renesola Ltd. (SOL)
ReNew Energy Global plc (RNW)
RGS Energy (RGSE)
Scatec Solar ASA (SSO.OL)
Shunfeng International Clean Energy Limited (1165.HK)
Sky Solar Holdings Ltd. (SKYS)
Solar Wind Energy Tower (SWET)
Solaria Energía y Medio Ambiente, S.A. (SLR.MC, SEYMF)
Sunpower (SPWR)
Sunvalley Solar, Inc. (SSOL)
Sunworks, Inc. (SUNW)
Terraform Power, Inc. (TERP)
The Renewables Infrastructure Group (TRIG.L)
US Solar Fund PLC (USF.L)
UGE International (UGE.V)
Vivint Solar (VSLR)
Yingli Green Energy Holding Company (YGEHY)

If you know of any solar farm developer or owner stock that is not listed here and should be, please let us know by leaving a comment. Also for stocks in the list that you think should be removed.

The post List of Solar Farm Owner and Developer Stocks appeared first on Alternative Energy Stocks.

This list was last updated on 6/6/2022.

Solar manufacturing stocks are publicly traded companies who develop or manufacture equipment that converts sunlight into other types of useful energy.  Includes manufacturers and developers of both solar photovoltaic and solar thermal equipment, as well as their supply chain.

See also the list of Solar Farm Owner and Developer Stocks, the list of Residential Solar Stocks, and solar and wind inverter stocks.

5N Plus Inc (VNP.TO, FPLSF)
Amtech Systems Inc (ASYS)
Array Technologies, Inc. (ARRY)
Apollo Solar Energy (ASOE)
Ascent Solar Technologies Inc (ASTI)
Canadian Solar (CSIQ)
DAQO New Energy Corp. (DQ)
First Solar Inc (FSLR)
GCL-Poly Energy Holdings Ltd. (3800.HK)
Guggenheim Global Solar ETF (TAN)
Hanwha Q CELLS Co., Ltd. (HQCL)
Iberdrola, S.A. (IBE.MC, IBDSF, IBDRY)
Infraestructura Energética Nova, S.A.B. de C.V. (IENOVA.MX)
JA Solar Holdings (JASO)
JinkoSolar Holding Co. (JKS)
LDK Solar Co., Ltd. (LDKYQ)
LG Electronics Inc. (066570.KS)
Mechanical Technology (MKTY)
Meyer Burger (MBTN.SW, MYBUF)
REC Silicon ASA (REC.OL)
Scatec Solar ASA (SSO.OL)
Shunfeng International Clean Energy Limited (1165.HK)
SolarWindow (WNDW)
SolarWorld AG (SRWRF)
Spire Corporation (SPIR)
STR Holdings, Inc. (STRI)
Sunpower (SPWR)
Sunvault Energy, Inc. (SVLT)
SwissINSO Holding Inc. (SWHN)
Timminco Ltd (TIMNF)
Yingli Green Energy Holding Company (YGEHY)

If you know of any solar manufacturing or supply chain stock that is not listed here and should be, please let us know by leaving a comment. Also for stocks in the list that you think should be removed.

The post List of Solar Manufacturing Stocks appeared first on Alternative Energy Stocks.

This list was last updated on 4/27/2022.

ETFs are Exchange-listed funds which pool investor’s money for the purpose of making Alternative Energy investments. Exchange Traded Funds (ETFs) track a specified Alternative Energy index. This list also includes closed-end mutual funds and other pooled investments which trade on exchanges.

ALPS Clean Energy ETF (ACES)
ASN Groenprojectenfonds (ASNGF.AS)
Bluefield Solar Income Fund (BSIF.L)
Defiance Next Gen H2 ETF (HDRO)
Evolve Funds Automobile Innovation Index ETF (CARS.TO)
First Trust Global Wind Energy Index (FAN)
First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index Fund (GRID)
First Trust NASDAQ Clean Edge Green Energy Index Fund  (QCLN)
Foresight Solar Fund Limited (FSFL.L)
Global X Lithium ETF (LIT)
Global X Uranium ETF (URA)
Global X Renewable Energy Producers ETF (RNRG), (formerly YLCO)
Greencoat Renewables Fund (GRP.IR)
Greencoat UK Wind PLC (UKW.L)
Harvest Clean Energy ETF (HCLN.TO)
Invesco Global Clean Energy ETF (PBD)
Invesco MSCI Global Timber ETF (CUT)
Invesco Solar ETF (TAN)
Invesco Wilderhill Clean Energy (PBW)
iShares Global Timber & Forestry Index Fund (WOOD)
iShares Self-Driving EV and Tech ETF (IDRV)
iShares S&P Global Clean Energy Index ETF (ICLN)
iShares S&P Global Nuclear Energy Index (NUCL)
KraneShares Electric Vehicles and Future Mobility Index ETF (KARS)
KraneShares Global Carbon ETF (KRBN)
NextEnergy Solar Ord (NESF.L)
Pickens Morningstar® Renewable Energy Response ETF (RENW)
SPDR Kensho Clean Power ETF (XKCP)
The Renewables Infrastructure Group Limited (TRIG.L)
Triodos Groenfonds NV (TRIGF.AS)
VanEck Vectors Low Carbon Energy ETF (SMOG)
Van Eck Nuclear Energy ETF (NLR)
Van Eck Rare Earth/Strategic Metals ETF (REMX)

If you know of any alternative energy ETF or ETP that is not listed here, but which should be, please let us know in the comments.  Also for funds in the list that you think should be removed.

Thanks to Peter Smit for his extensive suggestions for updates to this list.

The post List of Alternative Energy and Clean Energy ETFs appeared first on Alternative Energy Stocks.

By Harris Roen

Alternative Energy Mutual Funds, Solid Long-Term Gains

Returns for alternative energy mutual funds are virtually flat on average for the past three months, down slightly at a loss of 0.3%. The best short-term performer is Pax World Global Environmental Markets (PGRNX), up 2.1%… Over the longer term, returns for alternative energy mutual funds remain very strong. MFs are up 14.7% on average, with all companies showing double-digit gains on an annualized basis…

Returns for ETFs are ranging widely

Returns for ETFs are ranging widely, both in the short and long terms. The top performing alternative energy ETF over the past three years is Guggenheim Solar (TAN), up an impressive 34% on an annualized basis. In the short term, though, TAN comes out as the worst performing green ETF, down over -12% in the past three months… The wide variation in returns for these and other ETFs reflect both the volatile and promising nature of alternative energy investing…

DISCLOSURE

Individuals involved with the Roen Financial Report and Swiftwood Press LLC do not own or control shares of any companies mentioned in this article. It is also possible that individuals may own or control shares of one or more of the underlying securities contained in the Mutual Funds or Exchange Traded Funds mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions. See Terms of Use for more information.

About the author

Harris Roen is Editor of the “ROEN FINANCIAL REPORT” by Swiftwood Press LLC, 82 Church Street, Suite 303, Burlington, VT 05401. © Copyright 2010 Swiftwood Press LLC. All rights reserved; reprinting by permission only. For reprints please contact us at cservice@swiftwood.com. POSTMASTER: Send address changes to Roen Financial Report, 82 Church Street, Suite 303, Burlington, VT 05401. Application to Mail at Periodicals Postage Prices is Pending at Burlington VT and additional Mailing offices.
Remember to always consult with your investment professional before making important financial decisions.

The post Alternative Energy Mutual Funds and ETFs Go In All Driections appeared first on Alternative Energy Stocks.

Tom Konrad CFA

Assurant, Inc. (NYSE:AIZ) is announcing  insurance for solar development projects today.   Are you bored yet?

Insurance always puts me to sleep, but the solar industry has left a lot more investors crying into their pillows than nodding off into gentle slumber.  That’s what happens when a sector, on average, falls 73% in a year, as the Guggenhiem Solar ETF (NYSE:TAN) has.  And many investors in individual solar stocks are weeping harder, from even larger percentage losses.

But that does not mean that the solar industry does not have a bright future, and one such bright sign is (try not to yawn) insurance for developers.  Solar is becoming a “normal” industry.

To date, developers of mid-size (100kW to 3 MW) solar projects often have difficulty finding financing for them because the projects are too small for financiers to spend much time doing due diligence, and there are a number of risks that they don’t have much experience with, such as the risk that panels from different manufacturers may break or not perform as well as expected, and the manufacturers may not have the financial strength (especially in the current climate of solar industry consolidation.)

Now Assurant has teamed with a number of leading solar industry players to offer Assurant Solar Project Insurance to address these risks at all stages of project development.

Boring?  Sure.  But a little ennui is just what the doctor ordered for the recently much-too-exciting solar industry.

Disclosure: None

This article was first published on the author’s Green Stocks blog on Forbes.

The post Solar Gets Boring appeared first on Alternative Energy Stocks.