CTEC - ETF AI Analysis
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Global X CleanTech ETF (CTEC)
Rating:58Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid gains so far this year, showing positive momentum for investors who have held it over this period.
Leading CleanTech Companies in Top Holdings
Several of the largest positions, such as Eaton, GE Vernova, Schneider Electric, Siemens Energy, and Trane Technologies, have shown strong or steady performance, helping support the fund’s overall returns.
Global Diversification
The fund spreads its investments across the U.S. and multiple European and Asian markets, which helps reduce reliance on any single country’s economy.
Negative Factors
High Concentration in a Few Stocks
The top holdings each carry meaningful weights, so weakness in just a handful of companies could have an outsized impact on the ETF.
Recent Short-Term Volatility
The ETF has experienced a weak three-month stretch despite a positive year-to-date result, suggesting that returns can be bumpy over shorter periods.
Above-Average Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which means more of the gross return is eaten up by fees each year.
CTEC vs. SPDR S&P 500 ETF (SPY)
AUM24.49M
RegionGlobal
Expense Ratio0.50%
Beta1.00
IssuerGlobal X
Inception DateOct 27, 2020
Dividend Yield0.63%
Asset ClassEquity
Index TrackedIndxx Global ClimateTech Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,755
30 Day Avg. Volume2,139
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
71.92Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering37
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CTEC Summary
The Global X CleanTech ETF (CTEC) follows the Indxx Global ClimateTech Index and focuses on companies developing clean, environmentally friendly technologies. It holds firms involved in renewable energy, energy efficiency, and pollution reduction, including well-known names like Eaton and Bloom Energy. Investors might consider CTEC if they want growth potential from the global shift toward cleaner energy while spreading their money across many companies instead of picking individual stocks. However, because it is concentrated in the clean technology sector, its price can go up and down sharply as this industry and the broader market change.
How much will it cost me?The Global X CleanTech ETF (Ticker: CTEC) has an expense ratio of 0.50%, which means you’ll pay $5 per year for every $1,000 invested. This is slightly higher than average because it is a theme-focused ETF that requires more active management to track companies in the clean technology sector. It’s a good option if you’re looking to invest in environmentally sustainable innovations.
What would affect this ETF?The Global X CleanTech ETF could benefit from increasing global demand for renewable energy and clean technology as governments and corporations prioritize sustainability initiatives. However, it may face challenges from fluctuating interest rates, which can impact funding for clean energy projects, and potential regulatory hurdles in key markets. Its exposure to industrials and technology sectors positions it well for innovation but also makes it sensitive to economic downturns or supply chain disruptions.
CTEC Top 10 Holdings
CTEC is powered by industrial clean-tech heavyweights, with Eaton and GE Vernova acting as steady engines for the fund’s performance, while Schneider Electric adds a solid, if slightly cooling, boost. Bloom Energy has been rising sharply in the short term, injecting some excitement, but its mixed longer-term trend and valuation worries can make the ride bumpy. On the other side, Trane Technologies and Siemens Energy have been lagging lately, dragging on returns. The portfolio leans hard into global industrial and energy-efficiency names, with broad international exposure rather than a U.S.-only story.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Bloom Energy | 6.84% | $1.70M | $85.03B | 257.16% | 62 Neutral | |
| Eaton | 6.59% | $1.64M | $170.89B | 17.50% | 75 Outperform | |
| GE Vernova Inc. | 6.35% | $1.58M | $255.05B | 57.66% | 69 Neutral | |
| Trane Technologies | 6.33% | $1.57M | $99.99B | 9.09% | 70 Outperform | |
| Siemens Energy | 6.09% | $1.51M | €121.48B | 36.11% | 72 Outperform | |
| Schneider Electric | 6.09% | $1.51M | €164.33B | 25.47% | 62 Neutral | |
| Carrier Global | 4.57% | $1.14M | $46.47B | -5.51% | 66 Neutral | |
| Nextpower Inc | 4.56% | $1.13M | $12.27B | 3.94% | 78 Outperform | |
| Nordex | 4.54% | $1.13M | €9.42B | 74.74% | 71 Outperform | |
| Prysmian SpA | 4.46% | $1.11M | €36.63B | 47.16% | 65 Neutral |
CTEC Technical Analysis
Negative
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Price Trends
56.98
Negative
62.00
Negative
60.80
Negative
Market Momentum
-0.43
Positive
46.01
Neutral
31.48
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CTEC, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 57.14, equal to the 50-day MA of 56.98, and equal to the 200-day MA of 60.80, indicating a bearish trend. The MACD of -0.43 indicates Positive momentum. The RSI at 46.01 is Neutral, neither overbought nor oversold. The STOCH value of 31.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CTEC.
CTEC Peer Comparison
Comparison Results
Performance Comparison
CTEC
Global X CleanTech ETF
55.84
3.11
5.90%
FFND
Future Fund Active ETF
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EVX
VanEck Environmental Services ETF
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FITZ
Fitz-Gerald Must Have Portfolio ETF
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IQM
Franklin Intelligent Machines ETF
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PCLN
Pictet Cleaner Planet 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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