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QCLN - ETF AI Analysis
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First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN)
Rating:65Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid gains year-to-date, reflecting positive momentum in clean energy investments.
Sector Diversification
The fund is spread across multiple sectors like technology, industrials, and consumer cyclical, reducing reliance on any single industry.
Top Holdings with Positive Returns
Several top holdings, such as Tesla, First Solar, and MP Materials, have shown strong year-to-date performance, supporting the fund's growth.
Negative Factors
High Geographic Concentration
The ETF is heavily concentrated in U.S. companies, with limited exposure to international markets, increasing vulnerability to domestic risks.
Underperforming Holdings
Some key holdings, like ON Semiconductor and Rivian Automotive, have lagged in performance, potentially dragging down overall returns.
Moderate Expense Ratio
The fund's expense ratio is higher than some low-cost ETFs, which could slightly reduce net returns for investors over time.
QCLN vs. SPDR S&P 500 ETF (SPY)
AUM540.19M
RegionNorth America
Expense Ratio0.56%
Beta1.38
IssuerFirst Trust
Inception DateFeb 08, 2007
Dividend Yield0.26%
Asset ClassEquity
Index TrackedNASDAQ Clean Edge Green Energy
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume73,303
30 Day Avg. Volume134,715
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
49.44Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering49
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QCLN Summary
The First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN) is an ETF that focuses on companies leading the renewable energy revolution. It tracks the Nasdaq Clean Edge Green Energy Index, which includes businesses involved in solar and wind energy, electric vehicles, and advanced battery technologies. Well-known companies like Tesla and First Solar are part of this fund, making it a great option for investors interested in clean energy growth and sustainability. However, new investors should be aware that the ETF's performance can fluctuate with the renewable energy market, which is influenced by factors like government policies and energy demand.
How much will it cost me?The expense ratio for QCLN is 0.56%, which means you’ll pay $5.60 per year for every $1,000 invested. This is higher than average because QCLN is a thematic ETF focused on renewable energy, which requires more active management compared to broad market index funds.
What would affect this ETF?QCLN could benefit from increasing global demand for renewable energy, government incentives for clean energy projects, and advancements in technologies like electric vehicles and solar power, which align with its top holdings such as Tesla and First Solar. However, the ETF may face challenges from rising interest rates, which can increase borrowing costs for growth-focused companies, and potential regulatory changes or supply chain disruptions in the renewable energy sector. Its heavy focus on U.S.-based companies also makes it sensitive to domestic economic conditions.
QCLN Top 10 Holdings
QCLN is riding the renewable energy wave, with First Solar and Albemarle leading the charge thanks to their strong technical momentum and strategic growth. Tesla and Rivian are showing mixed signals; while Tesla’s valuation concerns are holding it back, Rivian’s strategic progress adds some optimism. ON Semiconductor and MP Materials are dragging the fund, with bearish trends and financial challenges weighing on performance. The ETF is heavily concentrated in clean energy and technology, offering U.S.-focused exposure to companies shaping the future of sustainability.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Tesla | 9.82% | $51.56M | $1.63T | 6.16% | 73 Outperform | |
| First Solar | 9.13% | $47.94M | $27.74B | 37.86% | 75 Outperform | |
| Rivian Automotive | 8.66% | $45.49M | $21.95B | 34.99% | 58 Neutral | |
| ON Semiconductor | 7.54% | $39.62M | $21.95B | -17.86% | 73 Outperform | |
| Albemarle | 5.56% | $29.22M | $15.43B | 48.78% | 58 Neutral | |
| Bloom Energy | 5.10% | $26.78M | $20.72B | 228.09% | 62 Neutral | |
| NEXTracker, Inc. Class A | 4.48% | $23.50M | $13.06B | 145.30% | 78 Outperform | |
| Acuity Brands | 3.77% | $19.78M | $10.94B | 16.65% | 77 Outperform | |
| MP Materials | 3.74% | $19.66M | $9.47B | 211.00% | 61 Neutral | |
| Advanced Energy | 3.40% | $17.84M | $8.12B | 76.13% | 67 Neutral |
QCLN Technical Analysis
Neutral
―
Price Trends
44.99
Negative
41.74
Positive
36.22
Positive
Market Momentum
0.13
Positive
42.49
Neutral
13.83
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QCLN, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 44.51, equal to the 50-day MA of 44.99, and equal to the 200-day MA of 36.22, indicating a neutral trend. The MACD of 0.13 indicates Positive momentum. The RSI at 42.49 is Neutral, neither overbought nor oversold. The STOCH value of 13.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for QCLN.
QCLN Peer Comparison
Comparison Results
Performance Comparison
QCLN
First Trust Nasdaq Clean Edge Green Energy Index Fund
43.36
9.51
28.09%
PWRD
Tcw Transform Systems Etf
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PNQI
Invesco NASDAQ Internet ETF
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SIXG
Defiance Connective Technologies Etf
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CNRG
SPDR S&P Kensho Clean Power ETF
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ACES
ALPS Clean Energy 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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