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CTEX - ETF AI Analysis
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ProShares S&P Kensho Cleantech ETF (CTEX)
Rating:57Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown solid gains so far this year and over the last three months, indicating positive recent momentum.
Leading Cleantech Holdings
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.
Focused Exposure to Industrials and Technology
The fund’s heavy tilt toward industrials and technology companies gives investors targeted access to businesses driving cleantech innovation.
Negative Factors
High Expense Ratio
The fund’s fee is relatively high for an ETF, which can eat into long-term returns for buy-and-hold investors.
Small Asset Base
With a relatively low level of assets under management, the ETF may face higher trading spreads and a greater risk of closure compared with larger funds.
Concentrated U.S. and Sector Exposure
The portfolio is heavily invested in U.S.-based industrial and technology companies, which increases vulnerability to downturns in those areas and offers limited geographic diversification.
CTEX vs. SPDR S&P 500 ETF (SPY)
AUM6.12M
RegionNorth America
Expense Ratio0.58%
Beta1.27
IssuerProShares
Inception DateSep 29, 2021
Dividend Yield1.94%
Asset ClassEquity
Index TrackedS&P Kensho Cleantech Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume2,193
30 Day Avg. Volume4,503
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
42.65Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering34
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CTEX Summary
ProShares S&P Kensho Cleantech ETF (CTEX) is a fund that follows the S&P Kensho Cleantech Index, focusing on companies involved in clean and renewable energy. It mainly holds U.S. industrial and technology firms working on solar, wind, and other low‑carbon solutions. Well-known names in the fund include Enphase Energy and Generac Holdings. Someone might invest in CTEX to seek long-term growth while supporting the shift toward cleaner energy and to get diversified exposure to many cleantech companies in a single investment. A key risk is that cleantech stocks can be very volatile and may rise or fall sharply with changes in energy policy and market sentiment.
How much will it cost me?The ProShares S&P Kensho Cleantech ETF (CTEX) has an expense ratio of 0.58%, meaning you’ll pay $5.80 per year for every $1,000 invested. This is higher than average because it’s actively managed to focus on a specific niche in renewable energy, which requires more research and specialized management.
What would affect this ETF?The ProShares S&P Kensho Cleantech ETF (CTEX) could benefit from increasing global demand for renewable energy and supportive government policies promoting clean technology. However, it may face challenges from rising interest rates, which can impact the cost of financing for companies in the Industrials and Technology sectors, as well as potential regulatory hurdles or competition within the renewable energy market. Its focus on U.S.-based companies and reliance on top holdings like Bloom Energy and SolarEdge Technologies makes it sensitive to domestic economic conditions and technological advancements.
CTEX Top 10 Holdings
CTEX is a pure play on U.S. clean tech, with a heavy tilt toward industrial and tech names powering the energy transition. Bloom Energy and Eos Energy have been rising and look like key engines for the fund, helped by upbeat growth stories despite financial quirks. GE Vernova and Arcosa are also pulling their weight, offering steadier, infrastructure-style support. On the flip side, T1 Energy and Complete Solaria are dragging the portfolio, as their ongoing financial struggles and bearish trading tone act like headwinds against the fund’s cleaner tailwinds.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| T1 Energy | 7.57% | $446.74K | $2.25B | 343.08% | 40 Underperform | |
| Array Technologies | 4.31% | $254.59K | $1.73B | 54.50% | 61 Neutral | |
| Bloom Energy | 4.01% | $236.59K | $35.80B | 541.94% | 62 Neutral | |
| Enphase Energy | 3.72% | $219.88K | $4.84B | -40.62% | 61 Neutral | |
| GE Vernova Inc. | 3.64% | $215.01K | $195.78B | 94.80% | 69 Neutral | |
| Nextpower Inc | 3.59% | $212.17K | $17.37B | 132.23% | 78 Outperform | |
| Fluence Energy | 3.50% | $206.53K | $5.65B | 136.51% | 55 Neutral | |
| Shoals Technologies Group | 3.29% | $194.13K | $1.58B | 97.49% | 67 Neutral | |
| Generac Holdings | 3.28% | $193.58K | $9.86B | 12.53% | 59 Neutral | |
| Arcosa | 3.23% | $190.82K | $5.61B | 13.00% | 71 Outperform |
CTEX Technical Analysis
Positive
―
Price Trends
36.87
Positive
35.12
Positive
28.32
Positive
Market Momentum
0.95
Positive
53.96
Neutral
47.15
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CTEX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 39.15, equal to the 50-day MA of 36.87, and equal to the 200-day MA of 28.32, indicating a bullish trend. The MACD of 0.95 indicates Positive momentum. The RSI at 53.96 is Neutral, neither overbought nor oversold. The STOCH value of 47.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CTEX.
CTEX Peer Comparison
Comparison Results
Performance Comparison
CTEX
ProShares S&P Kensho Cleantech ETF
39.42
18.53
88.70%
CEPI
REX Crypto Equity Premium Income ETF
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POWR
Ishares U.S. Power Infrastructure Etf
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GPTY
YieldMax AI & Tech Portfolio Option Income ETF
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ROKT
SPDR S&P Kensho Final Frontiers ETF
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XPND
First Trust Expanded Technology 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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