CNRG - ETF AI Analysis
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SPDR S&P Kensho Clean Power ETF (CNRG)
Rating:58Neutral
Price Target:―
Positive Factors
Strong Year-To-Date Performance
The fund has delivered strong gains so far this year, helped by several top holdings that have risen meaningfully.
Leading Clean Power Companies
Many of the largest positions, such as GE Vernova and Fuelcell Energy, have shown strong recent performance, supporting the ETF’s overall results.
Diversified Across Key Sectors
Holdings spread across industrials, utilities, and technology help reduce the impact if any one clean power segment faces a setback.
Negative Factors
Recent Short-Term Weakness
The ETF has shown weak performance over the past month and quarter, which may signal near-term volatility or pressure on the clean power theme.
High U.S. Concentration
With almost all assets in U.S. companies, investors get limited geographic diversification and remain heavily tied to the U.S. market.
Moderately High Expense Ratio
The fund’s expense ratio is higher than many broad-market ETFs, which means more of the returns are used to cover fees.
CNRG vs. SPDR S&P 500 ETF (SPY)
AUM189.15M
RegionNorth America
Expense Ratio0.45%
Beta1.13
IssuerSPDR
Inception DateOct 22, 2018
Dividend Yield1.48%
Asset ClassEquity
Index TrackedS&P Kensho Clean Power Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume6,301
30 Day Avg. Volume8,493
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
118.08Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering39
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CNRG Summary
The SPDR S&P Kensho Clean Power ETF (CNRG) is a fund that follows the S&P Kensho Clean Power Index, focusing on companies involved in renewable energy like solar, wind, and other clean power technologies. It holds firms such as NextEra Energy and Constellation Energy, which help generate and support cleaner electricity. Someone might invest in CNRG to seek long-term growth from the global shift toward cleaner energy and to add a focused “green” theme to their portfolio. A key risk is that it is heavily tied to the clean energy sector, so its price can rise or fall sharply with changes in energy policy, technology, or investor sentiment.
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
CNRG is a pure play on clean power, and its story right now is one of mixed momentum across a tightly focused group of U.S.-centric utilities, industrials, and tech names. Arcosa and GE Vernova are helping to pull the fund forward with relatively steady, rising trends as infrastructure and grid upgrades stay in demand. On the other side, solar players like Daqo New Energy and Canadian Solar have been lagging, acting as a brake on performance. FuelCell Energy is volatile but not yet a clear leader, while stalwarts like NextEra Energy are losing a bit of steam, keeping overall returns choppy rather than smooth.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Arcosa | 3.99% | $7.57M | $7.20B | 52.93% | 71 Outperform | |
| Bloom Energy | 3.91% | $7.41M | $81.45B | 257.37% | 62 Neutral | |
| Fuelcell Energy | 3.72% | $7.05M | $1.43B | 106.00% | 45 Neutral | |
| GE Vernova Inc. | 3.67% | $6.96M | $253.09B | 51.33% | 69 Neutral | |
| Energy Vault Holdings | 3.65% | $6.92M | $867.37M | 55.37% | 67 Neutral | |
| Constellation Energy Corporation | 3.63% | $6.88M | $93.35B | -22.31% | 68 Neutral | |
| Companhia Energetica Minas Gerais | 3.52% | $6.67M | $7.38B | 2.83% | 70 Outperform | |
| AES | 3.40% | $6.45M | $10.57B | 12.78% | 65 Neutral | |
| TransAlta | 3.34% | $6.33M | $3.77B | -12.41% | ― | |
| NextEra Energy | 3.14% | $5.95M | $165.33B | 4.32% | 71 Outperform |
CNRG Technical Analysis
Negative
―
Price Trends
91.07
Negative
100.46
Negative
97.67
Negative
Market Momentum
-1.36
Negative
42.48
Neutral
51.24
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CNRG, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 87.56, equal to the 50-day MA of 91.07, and equal to the 200-day MA of 97.67, indicating a bearish trend. The MACD of -1.36 indicates Negative momentum. The RSI at 42.48 is Neutral, neither overbought nor oversold. The STOCH value of 51.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNRG.
CNRG Peer Comparison
Comparison Results
Performance Comparison
CNRG
SPDR S&P Kensho Clean Power ETF
86.04
4.59
5.64%
AIPO
Defiance AI & Power Infrastructure ETF
―
―
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UFOX
Defiance Connective Technologies Etf
―
―
―
SAMT
Strategas Macro Thematic Opportunities ETF
―
―
―
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.
DisclaimerThis 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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