Renewable energy is the energy obtained from a source that is not depleted when used. It includes natural energy sources such as wind or solar power which can be harnessed to the maximum available extent without there being a risk of any kind of depletion. Other such sources include geothermal heat, ocean tides, water, and various forms of biomass. There are companies which are in the business of sourcing power from such renewable energy sources, or generating revenues from supporting functions like storage of such energy or transmitting the generated power. The exchange traded funds which invest in stocks of such companies are called Renewable Energy ETFs. This article provides the list of ETFs which belong to the Renewable Energy category and are available for trading in the U.S. capital markets. Following is the list of all 13 exchange-traded funds that FKnol has in its database for ETFs which belong to the Renewable Energy category:
The SPDR Kensho Clean Power ETF tracks a tier-weighted index of US equities associated with the clean power sector. ...Detailed Profile Dividend Frequency: Semi-Annually
The Invesco Solar Portfolio tracks an index of solar energy companies selected based on the relative importance of solar power to the company's business model. ...Detailed Profile Dividend Frequency: Annually Dividend History
Category: Alternative Energy Equities
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)
The First Trust NASDAQ Clean Edge Green Energy Index Fund tracks a market-cap-weighted index of US-listed firms involved in clean energy. ...Detailed Profile Dividend Frequency: Quarterly Dividend History
Category: Alternative Energy Equities
ACES tracks an index of US- and Canada-listed companies in the clean energy industry. ...Detailed Profile Dividend Frequency: Annually Dividend History
Category: Alternative Energy Equities
The ETF named SmartETFs Sustainable Energy II ETF trades on the exchange PCX with ticker symbol SOLR and trading currency ...Detailed Profile Dividend Frequency:
The iShares Global Clean Energy ETF tracks a market-cap-weighted index of 30 of the most liquid companies involved in businesses related to clean energy. ...Detailed Profile Dividend Frequency: Semi-Annually Dividend History
Category: Alternative Energy Equities
Such renewable energy ETFs may also qualify to be called clean energy ETFs or Alternative energy ETFs. They may track and attempt to replicate the performance of common stock market indexes which represent the renewable energy specialized sector. Such indexes include Nasdaq Clean Edge Green Energy Index and the S&P Global Clean Energy Index. Since a lot of variety exists in such companies and the nature of their business, one should carefully look at the constituent companies in which the ETFs are investing. Compared to a typical passive equity ETF, the renewable energy ETF may come at a relatively higher expense ratio. Such ETFs may also invest in global companies which may increase the cost of investments.
Where do Renewable Energy ETFs Invest?
A long list of companies and different financial instruments exist where the Renewable Energy exchange-traded funds may invest the money collected from the ETF investors. Below is a small sample of companies whose stocks may qualify for investment by Renewable Energy ETFs, though there can be many more businesses and financial instruments where these ETFs can park the capital for returns:
▶ NIO Inc. (NIO): NIO Inc. designs, manufactures, and sells electric vehicles in the People's Republic of China, the United States, Germany, and the United Kingdom. The company is also involved in the manufacture of e-powertrain....Detailed Company Profile....Dividend History
▶ Enersys (ENS): EnerSys, incorporated on October 13, 2000, is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet ....Detailed Company Profile....Dividend History
▶ Itron, Inc. (ITRI): Itron, Inc., a technology company, provides end-to-end solutions that measures, manages, and analyzes energy and water use worldwide. The company operates through three segments: Electricity, Gas, and....Detailed Company Profile....Dividend History
▶ Ocean Power Technologies, Inc. (OPTT): Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, South America, Europe, Aust....Detailed Company Profile....Dividend History
▶ SolarEdge Technologies, Inc. (SEDG): SolarEdge Technologies, Inc., incorporated on August 7, 2006, offers an inverter solution for a solar photovoltaic (PV) system. The Companys products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and ....Detailed Company Profile....Dividend History
▶ Pattern Energy Group Inc. (PEGI): Pattern Energy Group Inc., an independent power company, focuses on the construction, ownership, and operation of various power projects in the United States, Canada, and Chile. It holds interests in ....Detailed Company Profile....Dividend History