CTEX - ETF AI Analysis
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ProShares S&P Kensho Cleantech ETF (CTEX)
Rating:61Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered positive returns so far this year, showing that its cleantech focus has recently been rewarded by the market.
Leading Holdings with Strong Momentum
Several of the largest positions, such as Fuelcell Energy, GE Vernova, and SolarEdge Technologies, have shown strong gains this year, helping support the fund’s overall results.
Targeted Cleantech Exposure
The fund provides focused exposure to the cleantech theme through industrial and technology companies, which can benefit if demand for clean energy solutions continues to grow.
Negative Factors
Recent Short-Term Weakness
The ETF has experienced weak performance over the past month and three months, which may signal near-term volatility or pressure in cleantech stocks.
High Sector Concentration
A large share of the portfolio is concentrated in industrials and technology, increasing the risk if these sectors face a downturn.
Mixed Performance Among Top Holdings
Some key positions like Canadian Solar, First Solar, and Sunrun have shown weak or lagging performance this year, which can drag on the fund’s returns despite other strong performers.
CTEX vs. SPDR S&P 500 ETF (SPY)
AUM5.09M
RegionNorth America
Expense Ratio0.58%
Beta1.24
IssuerProShares
Inception DateSep 29, 2021
Dividend Yield2.37%
Asset ClassEquity
Index TrackedS&P Kensho Cleantech Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume453
30 Day Avg. Volume1,264
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
46.16Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering30
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CTEX Summary
CTEX is the ProShares S&P Kensho Cleantech ETF, which follows the S&P Kensho Cleantech Index, a theme focused on renewable energy and clean technology. It holds companies working on solar, wind, and other cleaner power solutions, including well-known names like First Solar and Canadian Solar. Investors might consider CTEX if they want growth potential from the shift toward sustainable energy and diversification across many U.S.-listed clean tech firms. However, this ETF is heavily tied to the renewable energy sector, so its price can be very volatile and may go up or down sharply with changes in that industry.
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
CTEX is a pure play on clean tech, with a heavy tilt toward U.S.-listed industrial and technology names powering the renewable energy build-out. Arcosa and Shoals are quietly doing the heavy lifting, with rising, steady performance that helps anchor the fund. GE Vernova and Generac have been more mixed, as valuation worries and patchy demand take some wind out of their sails. On the solar side, First Solar and Canadian Solar have been lagging, so the fund’s sun-powered bets are currently more of a drag than a driver.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Arcosa | 5.46% | $281.20K | $7.13B | 52.08% | 71 Outperform | |
| Fuelcell Energy | 5.16% | $265.38K | $1.62B | 361.31% | 45 Neutral | |
| First Solar | 4.41% | $226.85K | $23.90B | 11.49% | 75 Outperform | |
| Canadian Solar | 4.39% | $225.87K | $1.07B | 51.95% | 57 Neutral | |
| GE Vernova Inc. | 4.28% | $220.20K | $262.99B | 63.33% | 69 Neutral | |
| ReNew Energy Global | 4.11% | $211.50K | $2.48B | -11.34% | 61 Neutral | |
| Generac Holdings | 3.80% | $195.42K | $12.44B | 10.63% | 59 Neutral | |
| Shoals Technologies Group | 3.78% | $194.42K | $1.34B | 29.27% | 67 Neutral | |
| Ormat Techno | 3.72% | $191.63K | $6.78B | 19.14% | 71 Outperform | |
| Enphase Energy | 3.71% | $191.06K | $5.20B | 10.34% | 61 Neutral |
CTEX Technical Analysis
Negative
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Price Trends
37.87
Negative
39.45
Negative
38.22
Negative
Market Momentum
-0.90
Negative
39.20
Neutral
3.99
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CTEX, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 34.50, equal to the 50-day MA of 37.87, and equal to the 200-day MA of 38.22, indicating a bearish trend. The MACD of -0.90 indicates Negative momentum. The RSI at 39.20 is Neutral, neither overbought nor oversold. The STOCH value of 3.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CTEX.
CTEX Peer Comparison
Comparison Results
Performance Comparison
CTEX
ProShares S&P Kensho Cleantech ETF
33.23
8.58
34.81%
RBLD
First Trust Alerian US NextGen Infrastructure ETF
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CCSO
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LRNZ
TrueShares Technology, AI & Deep Learning ETF
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XPND
First Trust Expanded Technology ETF
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HOMZ
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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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