CNRG - ETF AI Analysis

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SPDR S&P Kensho Clean Power ETF (CNRG)

Rating:60Neutral

Price Target:―

The SPDR S&P Kensho Clean Power ETF (CNRG) has a mixed overall rating, reflecting both strengths and challenges within its holdings. Avista (AVA) and First Solar (FSLR) stand out as strong contributors due to their solid earnings growth, strategic initiatives, and favorable valuations, which support a positive outlook. However, weaker holdings like T1 Energy (TE) and Sunrun (RUN), both facing significant financial challenges and high leverage, weigh on the fund's overall rating. A key risk factor for this ETF is its exposure to companies with financial instability, which could impact long-term performance.

Positive Factors

Strong Recent Performance

The ETF has shown solid gains so far this year and in recent months, indicating positive momentum in its clean power holdings.

Leading Clean Power Stocks

Several of the largest positions, such as Bloom Energy and Eos Energy Enterprises, have delivered strong year-to-date performance, helping drive the fund’s returns.

Diversified Across Key Clean Energy Industries

Holdings spread across industrials, technology, utilities, and energy reduce reliance on any single clean power industry segment.

Negative Factors

Higher-Than-Average Expense Ratio

The fund’s expense ratio is on the higher side for an ETF, which means more of the return is used to cover fees each year.

Small Asset Base

With a relatively modest amount of assets under management, the ETF may be less liquid and more sensitive to large investor flows than bigger funds.

Heavy U.S. Concentration

Almost all of the portfolio is invested in U.S. companies, offering little geographic diversification within the global clean energy market.

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

AUM211.19M

RegionNorth America

Expense Ratio0.45%

Beta1.18

IssuerSPDR

Inception DateOct 22, 2018

Dividend Yield1.29%

Asset ClassEquity

Index TrackedS&P Kensho Clean Power Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume6,196

30 Day Avg. Volume22,612

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

110.92

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering43

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

CNRG Summary

CNRG is the SPDR S&P Kensho Clean Power ETF, which follows the S&P Kensho Clean Power Index. It focuses on U.S. companies involved in renewable energy, including solar, wind, and other clean power technologies. The fund holds firms like Enphase Energy and Bloom Energy, which work on solar equipment and clean power solutions. Someone might invest in CNRG to seek long-term growth from the global shift toward cleaner energy while adding a focused theme to their portfolio. A key risk is that clean energy stocks can be very volatile and may rise or fall more than the overall market.

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

CNRG is very much a pure-play clean power bet, with its top names clustered in U.S.-listed industrials, tech, and utility players tied to solar, storage, and grid gear. Bloom Energy and Energy Vault have been rising and act like the fund’s spark plugs, helped by upbeat growth stories despite shaky profitability. Eos Energy is another high-voltage mover, adding momentum but also volatility. On the flip side, Shoals Technologies and Enphase look more mixed to lagging lately, occasionally cutting the fund’s power just as the rest of the portfolio heats up.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
BE	Bloom Energy	4.08%	$8.78M	$39.12B	565.43%	62 Neutral
TE	T1 Energy	3.85%	$8.30M	$2.57B	407.49%	40 Underperform
NXT	Nextpower Inc	3.35%	$7.22M	$17.80B	136.95%	78 Outperform
ARRY	Array Technologies	3.31%	$7.11M	$1.78B	56.76%	61 Neutral
ENPH	Enphase Energy	3.08%	$6.64M	$5.30B	-38.36%	61 Neutral
SHLS	Shoals Technologies Group	2.95%	$6.35M	$1.70B	116.42%	67 Neutral
RUN	Sunrun	2.92%	$6.28M	$4.97B	109.77%	52 Neutral
SEDG	SolarEdge Technologies	2.83%	$6.10M	$2.14B	155.75%	49 Neutral
ORA	Ormat Techno	2.83%	$6.08M	$7.78B	99.25%	71 Outperform
NRGV	Energy Vault Holdings	2.82%	$6.07M	$887.61M	204.02%	67 Neutral

CNRG Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

94.06

Positive

100DMA

91.93

Positive

200DMA

76.25

Positive

Market Momentum

MACD

2.18

Negative

RSI

60.64

Neutral

STOCH

86.26

Negative

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 96.88, equal to the 50-day MA of 94.06, and equal to the 200-day MA of 76.25, indicating a bullish trend. The MACD of 2.18 indicates Negative momentum. The RSI at 60.64 is Neutral, neither overbought nor oversold. The STOCH value of 86.26 is Negative, 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	―	―	$211.19M	0.45%	―
PNQI	―	―	$697.37M	0.60%	―
IYZ	―	―	$688.37M	0.38%	―
SIXG	―	―	$684.67M	0.30%	―
QCLN	―	―	$600.17M	0.56%	―
ACES	―	―	$119.06M	0.55%	―

Performance Comparison

CNRG

SPDR S&P Kensho Clean Power ETF

101.21

41.22

68.71%

PNQI

Invesco NASDAQ Internet ETF

―

IYZ

iShares U.S. Telecommunications ETF

―

SIXG

Defiance Connective Technologies 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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