CNRG - ETF AI Analysis

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SPDR S&P Kensho Clean Power ETF (CNRG)

Rating:59Neutral

Price Target:―

The SPDR S&P Kensho Clean Power ETF (CNRG) has a balanced overall rating, reflecting both strengths and challenges within its holdings. NEXTracker, Inc. stands out as a key contributor, with strong financial performance and international expansion driving its positive impact on the fund. However, weaker holdings like Daqo New Energy, which faces declining revenues and operational challenges, may have weighed on the ETF’s overall rating. A notable risk factor for this ETF is its exposure to companies with financial instability and valuation concerns, which could affect its performance in volatile markets.

Positive Factors

Focus on Clean Energy Growth

The ETF targets the clean power sector, which has strong long-term growth potential due to global energy transition trends.

Sector Diversification

The fund is diversified across multiple sectors like Industrials, Technology, and Utilities, reducing reliance on any single industry.

Strong Year-to-Date Performance

The ETF has delivered solid year-to-date returns, indicating positive momentum in its holdings.

Negative Factors

High Geographic Concentration

The ETF is heavily concentrated in U.S. companies, offering little exposure to international markets.

High Expense Ratio

The fund’s expense ratio is higher than many other ETFs, which could reduce overall returns over time.

Mixed Performance Among Top Holdings

Several top holdings have shown weak or modest performance, which could limit the fund’s future growth.

CNRG vs. SPDR S&P 500 ETF (SPY)

AUM198.36M

RegionNorth America

Expense Ratio0.45%

Beta1.19

IssuerSPDR

Inception DateOct 22, 2018

Dividend Yield1.4%

Asset ClassEquity

Index TrackedS&P Kensho Clean Power Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume18,002

30 Day Avg. Volume24,153

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

106.45

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering44

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

CNRG Summary

The SPDR S&P Kensho Clean Power ETF (CNRG) is an investment fund focused on companies leading the clean energy revolution. It follows the S&P Kensho Clean Power Index, which includes businesses innovating in renewable energy technologies like solar and wind. Some of its top holdings include Bloom Energy and Sunrun, both well-known names in the clean energy space. Investors might consider CNRG for its potential growth as demand for sustainable energy solutions increases. However, new investors should be aware that the ETF’s performance can be volatile, as it is heavily tied to the renewable energy sector, which can be sensitive to market and policy changes.

How much will it cost me?The SPDR S&P Kensho Clean Power ETF (CNRG) has an expense ratio of 0.45%, meaning you’ll pay $4.50 per year for every $1,000 invested. This is higher than average for ETFs because it is actively managed and focuses on a specialized niche like renewable energy, which often requires more research and management effort.

What would affect this ETF?The SPDR S&P Kensho Clean Power ETF (CNRG) could benefit from increasing global demand for renewable energy, supportive government policies, and technological advancements in clean power solutions, especially given its focus on U.S.-based industrial, technology, and utility sectors. However, it may face challenges from rising interest rates, which can increase borrowing costs for companies in the sector, and potential regulatory changes or competition within the renewable energy market. The ETF’s performance will likely be influenced by the success of its top holdings, such as Bloom Energy and Sunrun, in navigating these opportunities and risks.

CNRG Top 10 Holdings

The SPDR S&P Kensho Clean Power ETF (CNRG) is riding the renewable energy wave, with a strong focus on industrials and technology. Fluence Energy and Eos Energy Enterprises are powering ahead, benefiting from robust momentum and strategic growth initiatives, while Canadian Solar adds steady performance with its energy storage expansion. However, Bloom Energy and Ameresco are holding the fund back, facing valuation concerns and weak momentum. With a U.S.-centric portfolio and a clear tilt toward clean energy innovation, this ETF is a concentrated bet on the future of sustainable power.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
TE	T1 Energy	3.17%	$6.26M	$1.74B	138.59%	40 Underperform
ARRY	Array Technologies	3.11%	$6.13M	$1.52B	69.15%	61 Neutral
NRGV	Energy Vault Holdings	2.98%	$5.87M	$852.37M	152.74%	67 Neutral
RUN	Sunrun	2.91%	$5.74M	$4.51B	91.90%	52 Neutral
SHLS	Shoals Technologies Group	2.91%	$5.74M	$1.52B	69.02%	67 Neutral
JKS	JinkoSolar	2.82%	$5.57M	$1.36B	1.96%	61 Neutral
FSLR	First Solar	2.82%	$5.56M	$28.91B	44.67%	75 Outperform
NXT	Nextpower Inc	2.79%	$5.51M	$13.51B	147.80%	78 Outperform
AES	AES	2.76%	$5.46M	$9.90B	6.76%	65 Neutral
ACA	Arcosa	2.75%	$5.44M	$5.45B	11.15%	71 Outperform

CNRG Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

94.70

Negative

100DMA

86.02

Positive

200DMA

70.96

Positive

Market Momentum

MACD

-0.46

Positive

RSI

49.76

Neutral

STOCH

38.65

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CNRG, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 93.35, equal to the 50-day MA of 94.70, and equal to the 200-day MA of 70.96, indicating a neutral trend. The MACD of -0.46 indicates Positive momentum. The RSI at 49.76 is Neutral, neither overbought nor oversold. The STOCH value of 38.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CNRG.

CNRG Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
CNRG	―	―	$198.36M	0.45%	―
PWRD	―	―	$968.89M	0.75%	―
PNQI	―	―	$769.81M	0.60%	―
IYZ	―	―	$682.20M	0.38%	―
QCLN	―	―	$565.98M	0.56%	―
ACES	―	―	$114.21M	0.55%	―

Performance Comparison

CNRG

SPDR S&P Kensho Clean Power ETF

92.80

31.45

51.26%

PWRD

Tcw Transform Systems Etf

―

PNQI

Invesco NASDAQ Internet ETF

―

IYZ

iShares U.S. Telecommunications ETF

―

QCLN

First Trust Nasdaq Clean Edge Green Energy Index Fund

―

ACES

ALPS Clean Energy ETF

―

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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