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CTEX - AI Analysis
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ProShares S&P Kensho Cleantech ETF (CTEX)
Rating:62Neutral
Price Target:
$39.00
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid gains so far this year, indicating strong overall momentum.
Sector Diversification
The fund is spread across multiple sectors like Industrials, Technology, and Utilities, reducing reliance on a single industry.
Focused Cleantech Exposure
The ETF provides targeted exposure to the growing cleantech industry, which has significant long-term growth potential.
Negative Factors
High Geographic Concentration
Nearly all of the fund’s holdings are U.S.-based, limiting diversification across global markets.
Overweight in Industrials
The portfolio is heavily concentrated in the Industrials sector, which could amplify risks if this sector underperforms.
Relatively High Expense Ratio
The ETF charges a higher expense ratio compared to some other funds, which can eat into investor returns over time.
CTEX vs. SPDR S&P 500 ETF (SPY)
AUM3.67M
RegionNorth America
Expense Ratio0.58%
Beta1.30
IssuerProShares
Inception DateSep 29, 2021
Dividend Yield0.34%
Asset ClassEquity
Index TrackedS&P Kensho Cleantech Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume4,284
30 Day Avg. Volume2,154
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
36.52Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering31
CTEX Summary
The ProShares S&P Kensho Cleantech ETF (CTEX) is an investment fund focused on clean technology and renewable energy. It tracks the S&P Kensho Cleantech Index, which includes companies leading the way in solar, wind, and other sustainable energy solutions. Some of its top holdings are Bloom Energy and SolarEdge Technologies, both known for their innovative clean energy products. This ETF could be a good choice for investors looking to support sustainability while potentially benefiting from growth in the renewable energy sector. However, it’s important to note that the ETF is heavily tied to the clean energy industry, which can be volatile and influenced by changes in government policies or market demand.
How much will it cost me?The ProShares S&P Kensho Cleantech ETF (CTEX) has an expense ratio of 0.58%, meaning you’ll pay $5.80 per year for every $1,000 invested. This is higher than average because it’s actively managed to focus on a specific niche in renewable energy, which requires more research and specialized management.
What would affect this ETF?The ProShares S&P Kensho Cleantech ETF (CTEX) could benefit from increasing global demand for renewable energy and supportive government policies promoting clean technology. However, it may face challenges from rising interest rates, which can impact the cost of financing for companies in the Industrials and Technology sectors, as well as potential regulatory hurdles or competition within the renewable energy market. Its focus on U.S.-based companies and reliance on top holdings like Bloom Energy and SolarEdge Technologies makes it sensitive to domestic economic conditions and technological advancements.
CTEX Top 10 Holdings
The ProShares S&P Kensho Cleantech ETF is heavily tilted toward industrials and technology, with names like Bloom Energy and Fluence Energy driving steady growth thanks to strong strategic positioning and legislative tailwinds. However, not all holdings are shining bright—Ballard Power Systems and Daqo New Energy are lagging, weighed down by financial challenges and bearish momentum. With its focus on U.S.-based clean energy innovators, this ETF is a concentrated bet on the renewable energy sector, offering a mix of rising stars and companies still navigating profitability hurdles.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Bloom Energy | 14.29% | $546.75K | $31.26B | 1229.58% | 67 Neutral | |
| Fluence Energy | 5.86% | $224.30K | $3.83B | -1.32% | 62 Neutral | |
| Eos Energy Enterprises | 5.34% | $204.43K | $4.48B | 408.89% | 54 Neutral | |
| Ballard Power Systems | 5.31% | $203.09K | $1.07B | 105.78% | 55 Neutral | |
| Daqo New Energy | 4.73% | $180.84K | $2.18B | 39.16% | 42 Neutral | |
| Shoals Technologies Group | 4.54% | $173.68K | $1.76B | 89.37% | 69 Neutral | |
| Canadian Solar | 3.93% | $150.18K | $1.39B | 42.67% | 59 Neutral | |
| Sunrun | 3.72% | $142.25K | $4.79B | 40.65% | 55 Neutral | |
| T1 Energy | 3.70% | $141.42K | $709.98M | 279.59% | 40 Underperform | |
| American Superconductor | 3.59% | $137.41K | $2.67B | 124.22% | 71 Outperform |
CTEX Technical Analysis
Positive
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Price Trends
31.69
Positive
27.43
Positive
23.31
Positive
Market Momentum
1.72
Negative
65.52
Neutral
84.36
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CTEX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 35.87, equal to the 50-day MA of 31.69, and equal to the 200-day MA of 23.31, indicating a bullish trend. The MACD of 1.72 indicates Negative momentum. The RSI at 65.52 is Neutral, neither overbought nor oversold. The STOCH value of 84.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CTEX.
CTEX Peer Comparison
Comparison Results
Performance Comparison
CTEX
ProShares S&P Kensho Cleantech ETF
38.53
16.13
72.01%
ELFY
ALPS Electrification Infrastructure ETF
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FITE
SPDR S&P Kensho Future Security ETF
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CEPI
REX Crypto Equity Premium Income ETF
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GPTY
YieldMax AI & Tech Portfolio Option Income ETF
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POWR
Ishares U.S. Power Infrastructure 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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