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ALPS Clean Energy ETF (ACES) emerged as one of this year’s best-performing exchange traded funds, regardless of asset class. That’s saying something when you consider that many other renewable energy funds more than doubled.
ACES follows the CIBC Atlas Clean Energy Index. That benchmark is comprised of U.S.- and Canada-based companies that primarily operate in the clean energy sector. Constituents are companies focused on renewables and other clean technologies that enable the evolution of a more sustainable energy sector.
More than 120 clean energy names now trade on major exchanges, and now have combined market values of $1.5 trillion, according to analysts at Raymon James.
Joshua Lott/Reuters
Clean-energy stocks surged by about 200% in 2020, as oil-and-gas equities fell.
There are now 123 public clean-tech companies, making opportunities for investors to back the sector practically limitless, according to a new Raymond James report.
The Wall Street bank shared its 7 top stock picks, ahead of a year that s set to be huge for technologies that reduce carbon emissions.
2020 was a remarkable year for clean-tech equities: they surged about 200% and reached a combined market value of close to $1.5 trillion, according to analysts at Raymond James.
With 123 clean-tech companies now trading in US markets, the choice for investors is practically limitless, the analysts wrote in a report published on December 30. About half of those companies from wind giants to electric-car makers trade on a well-known exchange and are worth more than $1 billion in market value, they said.