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ACES - AI Analysis
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ALPS Clean Energy ETF (ACES)
Rating:63Neutral
Price Target:
$37.00
Positive Factors
Strong Top Holdings
Several top holdings, such as Eos Energy Enterprises and NEXTracker, have delivered strong year-to-date performance, supporting the ETF’s overall returns.
Sector Diversification
The ETF is spread across multiple sectors, including Technology, Utilities, and Industrials, which helps mitigate risks from downturns in any single industry.
Clean Energy Focus
The ETF targets the growing clean energy sector, which benefits from increasing global demand and favorable policy trends.
Negative Factors
High Geographic Concentration
The ETF is heavily concentrated in U.S. companies, with limited exposure to international markets, which may reduce diversification.
Moderate Expense Ratio
The ETF’s expense ratio is higher than some low-cost alternatives, which could slightly eat into investor returns over time.
Mixed Performance Among Holdings
While some holdings have performed well, others like Albemarle and Tesla have shown weaker year-to-date performance, potentially dragging on overall results.
ACES vs. SPDR S&P 500 ETF (SPY)
AUM115.80M
RegionNorth America
Expense Ratio0.55%
Beta1.15
IssuerALPS
Inception DateJun 28, 2018
Dividend Yield0.7%
Asset ClassEquity
Index TrackedCIBC Atlas Clean Energy Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume36,427
30 Day Avg. Volume48,432
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
39.25Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering36
ACES Summary
The ALPS Clean Energy ETF (ACES) is an investment fund that focuses on companies in the renewable energy sector, including solar, wind, and hydroelectric power. It follows the CIBC Atlas Clean Energy Index and includes well-known companies like Tesla and First Solar. This ETF is ideal for investors who want to support clean energy and potentially benefit from the growth of sustainable technologies. However, new investors should know that its performance can be heavily influenced by the renewable energy market, which may experience ups and downs depending on economic and industry trends.
How much will it cost me?The ALPS Clean Energy ETF (ACES) has an expense ratio of 0.55%, meaning you’ll pay $5.50 per year for every $1,000 invested. This is higher than average because it’s a specialized, actively managed fund focused on the renewable energy sector, which typically involves more research and management costs compared to passively managed funds.
What would affect this ETF?The ALPS Clean Energy ETF (ACES) could benefit from increasing global demand for renewable energy and supportive government policies promoting clean energy adoption, especially in North America. However, it may face challenges from rising interest rates, which can increase borrowing costs for companies in the sector, and potential regulatory hurdles or delays in clean energy projects. The ETF's exposure to technology and industrial sectors, along with top holdings like Tesla and First Solar, positions it to capitalize on innovation but also makes it sensitive to market volatility in these industries.
ACES Top 10 Holdings
The ALPS Clean Energy ETF (ACES) is heavily tilted toward renewable energy innovators, with a strong focus on North American companies. Tesla and NEXTracker are steady contributors, benefiting from robust financial performance and strategic growth in clean energy technologies. However, Plug Power and Brookfield Renewable Partners are holding the fund back, grappling with financial challenges and valuation concerns that weigh on their outlook. The ETF’s concentration in technology and utilities underscores its commitment to the clean energy theme, but mixed performance across holdings suggests the sector’s growth story is still unfolding.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| NEXTracker, Inc. Class A | 6.05% | $7.01M | $15.19B | 221.14% | 80 Outperform | |
| Tesla | 5.44% | $6.31M | $1.53T | 79.19% | 73 Outperform | |
| Eos Energy Enterprises | 5.16% | $5.99M | $4.01B | 317.73% | 54 Neutral | |
| Brookfield Renewable Partners | 5.10% | $5.91M | C$28.34B | 19.11% | 63 Neutral | |
| Albemarle | 4.96% | $5.74M | $11.51B | 2.39% | 58 Neutral | |
| Ormat Techno | 4.87% | $5.64M | $6.51B | 33.82% | 72 Outperform | |
| First Solar | 4.86% | $5.63M | $25.92B | 22.38% | 79 Outperform | |
| Itron | 4.74% | $5.50M | $6.32B | 33.04% | 73 Outperform | |
| Northland Power | 4.65% | $5.38M | C$6.65B | 19.59% | 67 Neutral | |
| Sunrun | 4.57% | $5.30M | $4.64B | 42.80% | 55 Neutral |
ACES Technical Analysis
Neutral
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Price Trends
32.24
Positive
29.61
Positive
26.78
Positive
Market Momentum
0.77
Positive
50.05
Neutral
42.78
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For ACES, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 35.16, equal to the 50-day MA of 32.24, and equal to the 200-day MA of 26.78, indicating a neutral trend. The MACD of 0.77 indicates Positive momentum. The RSI at 50.05 is Neutral, neither overbought nor oversold. The STOCH value of 42.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ACES.
ACES Peer Comparison
Comparison Results
Performance Comparison
ACES
ALPS Clean Energy ETF
34.18
6.64
24.11%
PWRD
Tcw Transform Systems Etf
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PNQI
Invesco NASDAQ Internet ETF
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SIXG
Defiance Connective Technologies Etf
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QCLN
First Trust Nasdaq Clean Edge Green Energy Index Fund
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CNRG
SPDR S&P Kensho Clean Power ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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