CTEC - ETF AI Analysis

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Global X CleanTech ETF (CTEC)

Rating:50Neutral

Price Target:―

The Global X CleanTech ETF (CTEC) has a balanced overall rating, reflecting both strengths and challenges among its top holdings. Strong contributors like First Solar and NEXTracker drive the fund’s rating with their robust financial performance, strategic growth initiatives, and favorable market conditions. However, weaker holdings such as QuantumScape and Plug Power, which face significant financial challenges and unfavorable technical trends, weigh on the ETF’s score. A key risk factor is the fund's exposure to companies with high leverage or profitability concerns, which could impact long-term stability.

Positive Factors

Strong Year-to-Date Performance

The ETF has delivered solid gains so far this year, indicating strong momentum in the clean tech sector.

Sector Diversification

The fund is spread across multiple sectors like Industrials, Technology, and Consumer Cyclical, reducing reliance on any single industry.

Global Exposure

With investments in regions like Hong Kong, Germany, Sweden, and the UK, the ETF provides international diversification.

Negative Factors

High Concentration in Top Holdings

The top holdings make up a significant portion of the portfolio, increasing the risk tied to individual companies.

Mixed Performance Among Top Holdings

While some top holdings have performed well, others like NIBE Industrier have lagged, potentially dragging on overall returns.

Relatively High Expense Ratio

The ETF's expense ratio is higher than many passive funds, which could eat into long-term returns.

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

AUM30.03M

RegionGlobal

Expense Ratio0.50%

Beta0.96

IssuerGlobal X

Inception DateOct 27, 2020

Dividend Yield0.36%

Asset ClassEquity

Index TrackedIndxx Global CleanTech Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume4,750

30 Day Avg. Volume5,332

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

59.85

Price Target Upside― Downside

Rating ConsensusHold

Number of Analyst Covering31

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

CTEC Summary

The Global X CleanTech ETF (CTEC) focuses on companies driving environmentally sustainable innovations, such as renewable energy and pollution reduction technologies. It tracks the Indxx Global CleanTech Index and includes well-known names like Bloom Energy and QuantumScape. This ETF is ideal for investors interested in supporting green initiatives while potentially benefiting from the growth of clean technology industries. However, it’s important to note that the ETF’s performance can fluctuate with market trends and is heavily influenced by the clean energy sector, which may face challenges like regulatory changes or shifts in energy demand.

How much will it cost me?The Global X CleanTech ETF (Ticker: CTEC) has an expense ratio of 0.50%, which means you’ll pay $5 per year for every $1,000 invested. This is slightly higher than average because it is a theme-focused ETF that requires more active management to track companies in the clean technology sector. It’s a good option if you’re looking to invest in environmentally sustainable innovations.

What would affect this ETF?The Global X CleanTech ETF could benefit from increasing global demand for renewable energy and clean technology as governments and corporations prioritize sustainability initiatives. However, it may face challenges from fluctuating interest rates, which can impact funding for clean energy projects, and potential regulatory hurdles in key markets. Its exposure to industrials and technology sectors positions it well for innovation but also makes it sensitive to economic downturns or supply chain disruptions.

CTEC Top 10 Holdings

The Global X CleanTech ETF is riding the wave of clean energy innovation, with Bloom Energy and Eos Energy Enterprises providing a spark of optimism thanks to their rising performance and strategic advancements. However, QuantumScape and NIBE Industrier are holding the fund back, grappling with financial hurdles and bearish trends. The ETF leans heavily into industrials and technology, showcasing a clear focus on renewable energy and efficiency solutions. With its global exposure, the fund is positioned to capture opportunities in the clean tech revolution, though some holdings may need to recharge to keep pace.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
BE	Bloom Energy	8.34%	$2.57M	$29.97B	831.76%	68 Neutral
NXT	NEXTracker, Inc. Class A	6.92%	$2.13M	$14.32B	142.72%	78 Outperform
QS	QuantumScape	5.95%	$1.84M	$8.80B	200.00%	46 Neutral
	―	5.92%	$1.82M	―	―	―
FSLR	First Solar	5.73%	$1.77M	$28.71B	37.09%	78 Outperform
EOSE	Eos Energy Enterprises	4.68%	$1.44M	$4.98B	647.62%	50 Neutral
NDX1	Nordex	4.53%	$1.40M	€6.63B	169.62%	71 Outperform
NIBE.B	NIBE Industrier AB	4.49%	$1.39M	kr77.05B	-22.95%	66 Neutral
0968	Xinyi Solar Holdings	3.70%	$1.14M	HK$34.12B	19.50%	67 Neutral
JMAT	Johnson Matthey	3.59%	$1.11M	£3.62B	45.45%	76 Outperform

CTEC Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

55.86

Negative

100DMA

49.56

Positive

200DMA

41.07

Positive

Market Momentum

MACD

-0.69

Positive

RSI

46.98

Neutral

STOCH

75.73

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CTEC, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 56.52, equal to the 50-day MA of 55.86, and equal to the 200-day MA of 41.07, indicating a neutral trend. The MACD of -0.69 indicates Positive momentum. The RSI at 46.98 is Neutral, neither overbought nor oversold. The STOCH value of 75.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CTEC.

CTEC Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
CTEC	―	―	$30.03M	0.50%	―
FTRI	―	―	$99.61M	0.70%	―
AGIX	―	―	$99.09M	0.99%	―
EVX	―	―	$91.77M	0.55%	―
HEAT	―	―	$13.77M	0.69%	―
GBLD	―	―	$5.52M	0.39%	―

Performance Comparison

CTEC

Global X CleanTech ETF

54.66

19.08

53.63%

FTRI

First Trust Indxx Global Natural Resources Income ETF

―

AGIX

KraneShares Artificial Intelligence & Technology ETF

―

EVX

VanEck Environmental Services ETF

―

HEAT

Touchstone Climate Transition ETF

―

GBLD

Invesco MSCI Green Building 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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