QCLN: Follow The Money ($1 Trillion+) Into EVs And Green Energy

Michael Fitzsimmons
21.98K Followers

Summary

  • Bloomberg recently reported that global investment in clean energy for 2022 reached a milestone by exceeding $1 trillion for the first time - up more than $250 billion year-over-year.
  • It was also the first year in which energy transition investments drew even with fossil fuels.
  • That being the case, investors may want to consider a directed investment into clean energy and EV by means of a diversified ETF like the First Trust Green Energy Fund.
  • The QCLN ETF is up 22% YTD, has an expense ratio of 0.58%, and its top holding include Albemarle, Tesla, Enphase Energy, Lucid, and Wolfspeed.

Solar power farm in the evening.

Pavel Babic

Global investment in the clean energy transition is booming - led by renewable green energy (primarily wind and solar) and EVs. Last year, Bloomberg reports that global investment in the clean-green energy transition reached a milestone: exceeding $1 trillion

This article was written by

21.98K Followers
Michael Fitzsimmons is a retired electronics engineer and avid investor. He advises investors to construct a well-diversified portfolio built on a core foundation of a high-quality low-cost S&P500 fund. For investors who can tolerate short-term risks, he advises an over-weight position in the technology sector, which he believes is still in the early stages of a long-term secular bull-market. For dividend income, and as a 4th generation oil & gas man, Fitzsimmons suggests investors consider a position in large O&G companies that provide strong dividend income and dividend growth. Fitzsimmons' articles on portfolio management recommend a top-down capital allocation approach that is aligned with each individual investor's personal situation (i.e. age, retired/working, risk tolerance, income, net worth, goals, etc) and might include allocations into investment categories such as the S&P500, technology, dividend income, sector ETFs, growth, speculative growth, gold, and cash.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of VOO, IDRV, QQQ either through stock ownership, options, or other derivatives. 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.

I am an electronics engineer, not a CFA. The information and data presented in this article were obtained from company documents and/or sources believed to be reliable, but have not been independently verified. Therefore, the author cannot guarantee their accuracy. Please do your own research and contact a qualified investment advisor. I am not responsible for the investment decisions you make.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About QCLN ETF

SymbolLast Price% Chg
Expense Ratio
Div Frequency
Div Rate
Yield
Assets (AUM)
Compare to Peers

More on QCLN

Related Stocks

SymbolLast Price% Chg
QCLN
--