imagedepotpro
By Somya Sharma
Summary
We rate the First Trust Nasdaq Clean Edge Green Energy ETF (NASDAQ:QCLN) as a Hold. These days for us, that's about as high a rating as we'll give to most ETF. Our cautious near-term broad stock market
QCLN: Green Times Ahead, But A New Bull Market Will Help
Summary
- The passively managed renewal energy ETF, QCLN replicates the performance of Nasdaq Clean Edge Green Energy Index.
- The renewable energy industry presents an exciting opportunity to investors who are willing to take on significant price volatility.
- Money is pouring into this industry, both from the U.S. and abroad.
- QCLN appears more diversified than it is. 63 total holdings, but the top 10 accounts for more than 60% of the ETF, which is fine by us.
- We rate QCLN a Hold, though it will get serious Buy consideration when the broad market turns more "sustainably" bullish.
I'm Rob Isbitts, founder of Sungarden Investment Publishing. I run the new investing group Sungarden Investors Club, a community dedicated to navigating the modern investment climate with humility, discipline, and a non-traditional approach to income investing. I've been charting investments since the 1980s, and I spent decades an an investment advisor and fund manager before semi-retiring in 2020. Now, this investing group is my focus. The markets tells us a story…we just have to listen! I teach subscribers how to do that.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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