RNWZ - ETF AI Analysis

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TrueShares Eagle Global Renewable Energy Income ETF (RNWZ)

Rating:57Neutral

Price Target:―

The TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) has a balanced overall rating, reflecting both strengths and challenges among its holdings. Strong contributors include NextEra Energy (NEE), which benefits from robust growth plans and financial stability, and Drax Group plc (GB:DRX), which excels in cash generation and profitability. However, holdings like HASI and PG&E face challenges such as high leverage and cash flow concerns, which may weigh on the ETF's performance. A key risk factor is the ETF's exposure to companies with mixed financial health and operational challenges, which could impact overall stability.

Positive Factors

Strong Top Holdings

Several top holdings, including RWE AG and Endesa SA, have shown strong year-to-date performance, supporting the ETF's overall returns.

Global Diversification

The ETF has exposure to multiple countries, including the USA, UK, Spain, and Germany, which helps reduce reliance on a single geographic market.

Focus on Utilities Sector

With significant exposure to the utilities sector, the ETF benefits from the stability and consistent demand associated with renewable energy utilities.

Negative Factors

High Sector Concentration

The ETF is heavily concentrated in the utilities sector, which makes it vulnerable to sector-specific risks.

High Expense Ratio

The ETF charges a relatively high expense ratio compared to many other funds, which could eat into investor returns over time.

Underperforming Holding

PG&E, one of the top holdings, has shown negative year-to-date performance, which may drag on the fund's overall results.

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

AUM2.75M

RegionGlobal

Expense Ratio0.75%

Beta0.26

IssuerTrueShares

Inception DateDec 08, 2022

Dividend Yield2.12%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume64

30 Day Avg. Volume509

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

30.43

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering24

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

RNWZ Summary

The TrueShares Eagle Global Renewable Energy Income ETF (Ticker: RNWZ) focuses on companies in the renewable energy sector, such as wind, solar, and hydroelectric power. It includes well-known names like NextEra Energy and SSE, and emphasizes both growth and income, offering potential dividends alongside long-term capital appreciation. This ETF is ideal for investors interested in sustainability and diversification, as it provides exposure to global leaders in renewable energy across multiple countries. However, new investors should be aware that the ETF is heavily tied to the utilities sector, meaning its performance could be impacted by changes in energy regulations or market conditions.

How much will it cost me?The TrueShares Eagle Global Renewable Energy Income ETF (Ticker: RNWZ) has an expense ratio of 0.75%, meaning you’ll pay $7.50 per year for every $1,000 invested. This is higher than the average for ETFs because it is actively managed, focusing on a specific niche in the renewable energy sector to select companies with strong growth and income potential.

What would affect this ETF?The RNWZ ETF could benefit from global efforts to combat climate change, as governments and businesses continue to invest in renewable energy projects and infrastructure, which aligns with its focus on wind, solar, and hydroelectric technologies. However, potential challenges include rising interest rates that could increase borrowing costs for utilities and energy companies, as well as regulatory changes or geopolitical tensions that may impact its global holdings. The ETF’s heavy exposure to the utilities sector also makes it sensitive to fluctuations in energy demand and policy shifts.

RNWZ Top 10 Holdings

The TrueShares Eagle Global Renewable Energy Income ETF is heavily concentrated in utilities, with names like American Electric Power and NextEra Energy playing key roles. While NextEra Energy has shown steady growth, bearish momentum is holding it back, and American Electric Power is also losing steam despite its solid fundamentals. On the brighter side, European players like RWE AG and Enel S.p.A. are rising, benefiting from strong financial performance and operational efficiency. The fund’s global exposure adds diversification, but its reliance on utilities means performance hinges on this sector’s ability to navigate mixed market conditions.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
AEP	American Electric Power	9.94%	$273.40K	$61.59B	24.64%	69 Neutral
ENEL	Enel S.p.A.	7.98%	$219.43K	€89.06B	28.78%	67 Neutral
RWE	RWE AG	7.96%	$218.97K	€33.31B	58.03%	69 Neutral
NEE	NextEra Energy	6.99%	$192.11K	$167.55B	11.56%	71 Outperform
HASI	HASI	6.33%	$174.19K	$4.16B	19.51%	70 Outperform
CWEN.A	Clearway Energy	6.07%	$166.83K	$6.74B	27.50%	70 Neutral
ELE	Endesa SA	4.46%	$122.66K	€32.34B	50.40%	63 Neutral
	―	4.08%	$112.21K	―	―	―
DRX	Drax Group plc	4.00%	$109.88K	£2.83B	31.62%	79 Outperform
PCG	PG&E	3.97%	$109.06K	$34.77B	-21.45%	69 Neutral

RNWZ Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

27.24

Positive

100DMA

26.16

Positive

200DMA

24.52

Positive

Market Momentum

MACD

0.06

Negative

RSI

58.30

Neutral

STOCH

76.26

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For RNWZ, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 27.25, equal to the 50-day MA of 27.24, and equal to the 200-day MA of 24.52, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 58.30 is Neutral, neither overbought nor oversold. The STOCH value of 76.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RNWZ.

RNWZ Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
RNWZ	―	―	$2.75M	0.75%	―
FFND	―	―	$93.91M	1.00%	―
AGIX	―	―	$93.78M	0.99%	―
AIFD	―	―	$85.99M	0.75%	―
HECO	―	―	$67.83M	0.90%	―
SOLR	―	―	$4.08M	0.79%	―

Performance Comparison

RNWZ

TrueShares Eagle Global Renewable Energy Income ETF

27.51

7.16

35.18%

FFND

Future Fund Active ETF

―

AGIX

KraneShares Artificial Intelligence & Technology ETF

―

AIFD

TCW Artificial Intelligence ETF

―

HECO

SPDR Galaxy Hedged Digital Asset Ecosystem ETF

―

SOLR

Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund

―

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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