VWDRY - Clean energy stocks gaining traction as COP26 kicks off: Sector Watch
The two-week COP26 climate summit is underway today in Glasgow, Scotland and the team at DataTrek is looking at clean energy fund holdings that will get more attention. They look at the top three clean energy ETFs with at least $1B assets under management. "Alt energy has significantly lagged the S&P 500 year-to-date, but has meaningfully outperformed over the last month," DataTrek founders Nicholas Colas and Jessica Rabe write. The iShares Global Clean Energy ETF (NASDAQ:ICLN) is down 13.4%, but up 9.1% in the last month. Its top holdings in order are Vestas Wind System (OTCPK:VWDRY), Enphase Energy (NASDAQ:ENPH), Orsted (ORSTED), ConEd (NYSE:ED) and Plug Power (NASDAQ:PLUG). The Invesco Solar ETF (NYSEARCA:TAN) is down 8.3% year to date and up 14.8% in the last month. It has the biggest holding in SolarEdge Technologies (NASDAQ:SEDG) at 11%, followed by Enphase, First Solar, Xinyi Solar and Daqo New Energy (NYSE:DQ). The First
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Clean energy stocks gaining traction as COP26 kicks off: Sector Watch