CTEX - ETF AI Analysis
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ProShares S&P Kensho Cleantech ETF (CTEX)
Rating:60Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Results
The ETF has delivered solid gains so far this year, showing positive momentum overall.
Leading Clean-Tech Holdings
Several of the largest positions, such as Bloom Energy, Corning, and Applied Materials, have shown strong performance, helping support the fund’s returns.
Focused Exposure to Industrials and Technology
The fund concentrates on industrial and technology companies tied to clean technology, giving investors targeted exposure to this growth-oriented theme.
Negative Factors
High Expense Ratio
The fund’s fee is relatively high for an ETF, which can eat into long-term returns compared with lower-cost alternatives.
Recent Short-Term Volatility
Despite positive year-to-date performance, the ETF has experienced a weak three-month stretch, indicating choppy short-term performance.
Concentrated Sector and U.S. Exposure
Holdings are heavily tilted toward U.S. industrial and technology stocks, which increases sensitivity to downturns in these areas and limits geographic diversification.
CTEX vs. SPDR S&P 500 ETF (SPY)
AUM5.53M
RegionNorth America
Expense Ratio0.58%
Beta1.26
IssuerProShares
Inception DateSep 29, 2021
Dividend Yield2.07%
Asset ClassEquity
Index TrackedS&P Kensho Cleantech Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume658
30 Day Avg. Volume1,897
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
49.41Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering30
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 holds businesses working on solar, wind, and other green technologies, including well-known names like Applied Materials and Corning. Investors might consider CTEX if they want growth potential from the long-term shift toward cleaner energy and to support environmentally friendly companies. However, this ETF is concentrated in the cleantech and renewable energy sector, so its price can be very volatile and may rise or fall more than the overall stock market.
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 industrial and technology names steering the ship. Bloom Energy and Arcosa are rising standouts, helping power the fund thanks to solid growth stories. Shoals Technologies and First Solar are also pulling their weight, offering steadier performance as demand for solar infrastructure holds up. On the flip side, Sunrun is lagging and Enphase looks mixed, occasionally dragging on returns as investors worry about profitability and softer demand. Overall, the ETF is tightly focused on renewable infrastructure and equipment, not traditional energy giants.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Arcosa | 4.91% | $279.91K | $7.10B | 65.60% | 71 Outperform | |
| Fuelcell Energy | 4.88% | $278.23K | $1.53B | 315.37% | 45 Neutral | |
| Shoals Technologies Group | 4.60% | $262.32K | $1.58B | 84.56% | 67 Neutral | |
| GE Vernova Inc. | 4.17% | $237.72K | $280.17B | 90.49% | 69 Neutral | |
| SolarEdge Technologies | 4.04% | $230.35K | $3.17B | 102.85% | 49 Neutral | |
| First Solar | 3.95% | $224.99K | $23.75B | 28.30% | 75 Outperform | |
| T1 Energy | 3.95% | $224.93K | $1.83B | 402.94% | 40 Underperform | |
| Sunrun | 3.85% | $219.55K | $2.96B | 19.38% | 52 Neutral | |
| Enphase Energy | 3.82% | $217.64K | $5.68B | 11.76% | 61 Neutral | |
| Canadian Solar | 3.80% | $216.75K | $1.00B | 17.75% | 57 Neutral |
CTEX Technical Analysis
Negative
―
Price Trends
43.19
Negative
39.84
Negative
38.08
Negative
Market Momentum
-1.54
Positive
39.99
Neutral
8.09
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CTEX, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 41.23, equal to the 50-day MA of 43.19, and equal to the 200-day MA of 38.08, indicating a bearish trend. The MACD of -1.54 indicates Positive momentum. The RSI at 39.99 is Neutral, neither overbought nor oversold. The STOCH value of 8.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CTEX.
CTEX Peer Comparison
Comparison Results
Performance Comparison
CTEX
ProShares S&P Kensho Cleantech ETF
38.02
15.50
68.83%
MILN
Global X Millennial Consumer ETF
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RBLD
First Trust Alerian US NextGen Infrastructure ETF
―
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CCSO
Carbon Collective Climate Solutions U.S. Equity ETF
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LRNZ
TrueShares Technology, AI & Deep Learning 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.
DisclaimerThis 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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