SPDR S&P Kensho Clean Power ETF

CNRG

Market cap $196M

A Fed rate cut today could ease financing for renewables, boosting U.S.-focused clean energy ETFs that are already gaining momentum.

PBW, QCLN, CNRG, and HAIL have been hovering around 52-week highs as clean energy regulations, Ford's EV plan, Powell's rate cut hints and Tesla rally sparked momentum.

It may not have been on your investment bingo card, but one of the surprising outperforming investment themes this year has been clean energy. One catalyst has been the growing electricity demands related to the rise of AI.

The increasing focus on finding alternative energy sources and diminishing global reliability on fossil fuels has resulted in clean energy investments surging $2 trillion. Capitalize on the growing commitment of global economies to combat climate change with clean energy ETFs.

SPDR Kensho Clean Power ETF allows investors to gain exposure to clean energy companies at the forefront of the global shift towards renewable power. CNRG's active investment approach utilizes AI and quantitative techniques to identify and score companies involved in clean energy innovation. The fund offers a diversified portfolio with weightings that are not typically found in other ETFs, making it a strong option for investors interested in the clean power sector.

Investors who piled into clean energy themes the last few years are experiencing some performance pain this year, as we appear to be experiencing a detour on the road to the clean energy transition. Related themes have been hard hit this year due to a confluence of events.

COP28 in 2023 was a critical meeting for advancing and accelerating global climate action efforts. The meeting puts these ETFs in focus.