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CNRG - AI Analysis
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SPDR S&P Kensho Clean Power ETF (CNRG)
Rating:61Neutral
Price Target:
$100.00
Positive Factors
Focus on Clean Energy Growth
The ETF targets the clean power sector, which has strong long-term growth potential due to global energy transition trends.
Sector Diversification
The fund is diversified across multiple sectors like Industrials, Technology, and Utilities, reducing reliance on any single industry.
Strong Year-to-Date Performance
The ETF has delivered solid year-to-date returns, indicating positive momentum in its holdings.
Negative Factors
High Geographic Concentration
The ETF is heavily concentrated in U.S. companies, offering little exposure to international markets.
High Expense Ratio
The fund’s expense ratio is higher than many other ETFs, which could reduce overall returns over time.
Mixed Performance Among Top Holdings
Several top holdings have shown weak or modest performance, which could limit the fund’s future growth.
CNRG vs. SPDR S&P 500 ETF (SPY)
AUM199.41M
RegionNorth America
Expense Ratio0.45%
Beta1.19
IssuerSPDR
Inception DateOct 22, 2018
Dividend Yield0.7%
Asset ClassEquity
Index TrackedS&P Kensho Clean Power Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume13,381
30 Day Avg. Volume9,822
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
96.78Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering43
CNRG Summary
The SPDR S&P Kensho Clean Power ETF (CNRG) is an investment fund focused on companies leading the clean energy revolution. It follows the S&P Kensho Clean Power Index, which includes businesses innovating in renewable energy technologies like solar and wind. Some of its top holdings include Bloom Energy and Sunrun, both well-known names in the clean energy space. Investors might consider CNRG for its potential growth as demand for sustainable energy solutions increases. However, new investors should be aware that the ETF’s performance can be volatile, as it is heavily tied to the renewable energy sector, which can be sensitive to market and policy changes.
How much will it cost me?The SPDR S&P Kensho Clean Power ETF (CNRG) has an expense ratio of 0.45%, meaning you’ll pay $4.50 per year for every $1,000 invested. This is higher than average for ETFs because it is actively managed and focuses on a specialized niche like renewable energy, which often requires more research and management effort.
What would affect this ETF?The SPDR S&P Kensho Clean Power ETF (CNRG) could benefit from increasing global demand for renewable energy, supportive government policies, and technological advancements in clean power solutions, especially given its focus on U.S.-based industrial, technology, and utility sectors. However, it may face challenges from rising interest rates, which can increase borrowing costs for companies in the sector, and potential regulatory changes or competition within the renewable energy market. The ETF’s performance will likely be influenced by the success of its top holdings, such as Bloom Energy and Sunrun, in navigating these opportunities and risks.
CNRG Top 10 Holdings
The SPDR S&P Kensho Clean Power ETF (CNRG) is heavily tilted toward the renewable energy sector, with a strong focus on industrials and technology companies driving clean power innovation. Bloom Energy and Eos Energy Enterprises are rising stars, benefiting from strategic developments and positive momentum, while Fluence Energy and Sunrun show mixed performance due to operational challenges and financial pressures. Daqo New Energy, however, is lagging behind, weighed down by declining revenues and bearish sentiment. With a U.S.-centric portfolio, the fund captures the pulse of the clean energy transition but faces headwinds from valuation concerns in some holdings.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Bloom Energy | 8.99% | $17.79M | $31.62B | 1223.86% | 67 Neutral | |
| Eos Energy Enterprises | 6.69% | $13.24M | $4.01B | 317.73% | 54 Neutral | |
| Fluence Energy | 4.80% | $9.49M | $3.70B | -4.29% | 62 Neutral | |
| Sunrun | 4.09% | $8.10M | $4.64B | 42.80% | 55 Neutral | |
| Shoals Technologies Group | 3.70% | $7.32M | $1.78B | 101.52% | 69 Neutral | |
| Daqo New Energy | 3.62% | $7.16M | $2.03B | 36.93% | 42 Neutral | |
| Ameresco | 3.57% | $7.06M | $2.08B | 31.88% | 67 Neutral | |
| Ballard Power Systems | 3.33% | $6.58M | $1.07B | 121.25% | ― | |
| SolarEdge Technologies | 3.25% | $6.44M | $2.16B | 114.92% | 50 Neutral | |
| TransAlta | 2.93% | $5.79M | $5.26B | 68.86% | ― |
CNRG Technical Analysis
Positive
―
Price Trends
84.61
Positive
74.44
Positive
64.56
Positive
Market Momentum
3.79
Positive
60.38
Neutral
67.54
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CNRG, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 94.81, equal to the 50-day MA of 84.61, and equal to the 200-day MA of 64.56, indicating a bullish trend. The MACD of 3.79 indicates Positive momentum. The RSI at 60.38 is Neutral, neither overbought nor oversold. The STOCH value of 67.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CNRG.
CNRG Peer Comparison
Comparison Results
Performance Comparison
CNRG
SPDR S&P Kensho Clean Power ETF
97.57
36.15
58.86%
PWRD
Tcw Transform Systems Etf
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PNQI
Invesco NASDAQ Internet ETF
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SIXG
Defiance Connective Technologies Etf
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QCLN
First Trust Nasdaq Clean Edge Green Energy Index Fund
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ACES
ALPS Clean Energy ETF
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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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