CTEX - ETF AI Analysis

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ProShares S&P Kensho Cleantech ETF (CTEX)

Rating:57Neutral

Price Target:―

The ProShares S&P Kensho Cleantech ETF (CTEX) has a mixed overall rating, reflecting both strengths and challenges among its holdings. Strong contributors like First Solar (FSLR) and Arcosa (ACA) bolster the fund with robust financial performance, strategic initiatives, and positive growth prospects. However, weaker holdings such as T1 Energy (TE) and Complete Solaria (SPWR), which face significant financial difficulties and bearish momentum, weigh down the fund's overall rating. A key risk factor for this ETF is its exposure to companies with high leverage and cash flow challenges, which could impact its stability.

Positive Factors

Strong Year-to-Date Performance

The ETF has delivered solid gains so far this year, indicating strong overall momentum.

Sector Diversification

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

Focused Cleantech Exposure

The ETF provides targeted exposure to the growing cleantech industry, which has significant long-term growth potential.

Negative Factors

High Geographic Concentration

Nearly all of the fund’s holdings are U.S.-based, limiting diversification across global markets.

Overweight in Industrials

The portfolio is heavily concentrated in the Industrials sector, which could amplify risks if this sector underperforms.

Relatively High Expense Ratio

The ETF charges a higher expense ratio compared to some other funds, which can eat into investor returns over time.

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

AUM5.53M

RegionNorth America

Expense Ratio0.58%

Beta1.25

IssuerProShares

Inception DateSep 29, 2021

Dividend Yield2.08%

Asset ClassEquity

Index TrackedS&P Kensho Cleantech Index - Benchmark TR Gross

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume3,418

30 Day Avg. Volume5,193

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

39.55

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering34

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

CTEX Summary

The ProShares S&P Kensho Cleantech ETF (CTEX) is an investment fund focused on clean technology and renewable energy. It tracks the S&P Kensho Cleantech Index, which includes companies leading the way in solar, wind, and other sustainable energy solutions. Some of its top holdings are Bloom Energy and SolarEdge Technologies, both known for their innovative clean energy products. This ETF could be a good choice for investors looking to support sustainability while potentially benefiting from growth in the renewable energy sector. However, it’s important to note that the ETF is heavily tied to the clean energy industry, which can be volatile and influenced by changes in government policies or market demand.

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

The ProShares S&P Kensho Cleantech ETF is heavily tilted toward industrials and technology, reflecting its focus on renewable energy innovation. First Solar and Shoals Technologies are steady performers, buoyed by strong financials and strategic initiatives, while Plug Power and Enphase Energy are dragging the fund with mixed results and bearish momentum. GE Vernova shows promise with bullish signals but faces valuation concerns. With a U.S.-centric portfolio, the ETF offers concentrated exposure to clean energy leaders, though some holdings face hurdles that could temper overall growth.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
TE	T1 Energy	6.64%	$372.19K	$1.67B	189.79%	40 Underperform
BE	Bloom Energy	3.74%	$209.55K	$28.82B	416.71%	62 Neutral
ENPH	Enphase Energy	3.73%	$209.42K	$4.64B	-46.91%	61 Neutral
ARRY	Array Technologies	3.61%	$202.32K	$1.35B	37.64%	61 Neutral
EOSE	Eos Energy Enterprises	3.32%	$186.02K	$4.54B	182.66%	56 Neutral
ACA	Arcosa	3.31%	$185.74K	$5.32B	17.46%	71 Outperform
GEV	GE Vernova Inc.	3.29%	$184.26K	$168.90B	71.18%	69 Neutral
SHLS	Shoals Technologies Group	3.18%	$178.09K	$1.44B	46.01%	67 Neutral
ORA	Ormat Techno	3.14%	$176.02K	$6.93B	73.47%	71 Outperform
GNRC	Generac Holdings	3.14%	$176.00K	$8.73B	-5.49%	59 Neutral

CTEX Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

35.93

Positive

100DMA

33.05

Positive

200DMA

26.58

Positive

Market Momentum

MACD

0.47

Negative

RSI

55.51

Neutral

STOCH

67.60

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 36.54, equal to the 50-day MA of 35.93, and equal to the 200-day MA of 26.58, indicating a bullish trend. The MACD of 0.47 indicates Negative momentum. The RSI at 55.51 is Neutral, neither overbought nor oversold. The STOCH value of 67.60 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

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
CTEX	―	―	$5.53M	0.58%	―
CEPI	―	―	$86.38M	0.85%	―
GPTY	―	―	$75.49M	1.06%	―
POWR	―	―	$74.24M	0.40%	―
XPND	―	―	$54.14M	0.65%	―
ROKT	―	―	$48.68M	0.45%	―

Performance Comparison

CTEX

ProShares S&P Kensho Cleantech ETF

37.32

15.95

74.64%

CEPI

REX Crypto Equity Premium Income ETF

―

GPTY

YieldMax AI & Tech Portfolio Option Income ETF

―

POWR

Ishares U.S. Power Infrastructure Etf

―

XPND

First Trust Expanded Technology ETF

―

ROKT

SPDR S&P Kensho Final Frontiers 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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