CNRG - CNRG: High-Powered ETF May Be Showing Signs Of Febrility
- SPDR S&P Kensho Clean Power is a focused alternative energy ETF.
- Powered by the new administration’s ambition to do a green revolution, the fund embraces the growing renewables sectors.
- It has performed exceptionally well, reflecting the sector’s strategic importance in the Biden administration’s political manifesto.
- However, the main fundamental issue remains – constituent stocks are characterized by high P/E, mega growth, narrative plays.
- Recent increasing yields in the 10-year have shown how susceptible this sector is to broad downside.
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CNRG: High-Powered ETF May Be Showing Signs Of Febrility