2024-07-12 05:59:35 ET
Summary
- ACES ETF has underperformed in the clean energy sector, but offers a diversified portfolio with leading electric vehicle companies.
- The renewable energy sector is projected to grow rapidly, creating job opportunities and increasing demand for specialized labor.
- Despite challenges, advancements in clean energy technology and increasing global energy consumption present opportunities for growth in the clean energy industry and stock market.
Thursday's market rally in, well, about everything that had not been keeping up with the Nasdaq 100, had a lot of benefits to investors, even if it doesn't follow through for a while. That's because it gives us a glimpse into some of the market segments and stocks that could be candidates to start climbing out of their respective basements. Case in point: the ALPS Clean Energy ETF ( ACES ), which I consider to be among the smaller ETFs I refer to as "under-covered." So much of the total ETF market is lumped into a very small percentage of funds. That has become a bigger problem as the years have gone on, despite the number of innovative new ETFs that have come to market. If used prudently, smaller, niche ETFs can be game-changers in an investor's portfolio. I know they have been in mine for a year....
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ACES: Renewable Energy Sector Projected To Grow