ICLN

As the Q2 earnings season approaches, clean tech stocks like Enovix Corp (NASDAQ:ENVX) and ChargePoint Holdings Inc (NYSE:CHPT) are catching the spotlight, navigating a landscape fraught with both opportunities and challenges. According to JPMorgan analyst Bill Peterson, the sentiment among institutional investors is notably cautious, with “elevated short interest pervasive across our coverage universe.” This ambivalence is driven by concerns about company execution and balance sheets, keeping investors on the sidelines until clearer signals emerge. Clean Tech’s Recent Rally: A Temporary Surge? Despite the overall uncertainty, Clean Tech stocks have experienced a notable upswing ov

Oil stocks fell early Monday amid concerns that Vice President Kamala Harris could take a tougher stance on the oil and gas industry if she becomes the Democratic presidential nominee and wins the race for the White House. As California attorney general, Harris filed lawsuits against fossil fuel companies, supported reducing greenhouse gas emissions, and pushed for a ban on fracking, according to Offshore Technology. Harris has also been critical of offshore oil exploration and defended California's Low Carbon Fuel Standard. This potential shift in the political landscape has investors worried, with oil majors seeing declines on Monday. Oil Stocks Feeling The Heat At the time of

U.S. solar manufacturers are prodding the Biden administration to toughen the rules on a law that gives a 10% tax credit solar project developers who use materials made in the U.S.A. The administration sought to encourage investment in clean energy and deter reliance on Chinese goods through the 2022 Inflation Reduction Act, which requires that 40% of the cost of a developer’s materials comes from U.S.-manufactured solar products. But the Solar Energy Manufacturers for America Coalition (SEMA) said developers can reach that 40% requirement just by buying U.S.-made mounting racks and inverters, and then purchasing the solar panels overseas, Reuters reported. Also Read: Enphase Energy

As the 2024 U.S. Presidential election approaches, the energy sector stands at a crossroads. Potential shifts in policy could significantly impact both traditional and clean energy markets. According to insights from JPMorgan's Strategic Research team, the outcome of the election between incumbent President Joe Biden and Ex-President Donald Trump could lead to varying scenarios. Each of these scenarios has distinct implications for investors and companies in the sector. 1. Biden Presidency, Split Congress Clean Energy: This scenario is seen as the lowest risk for the clean energy sector. A divided Congress would likely maintain the status quo, making it difficult to roll ba

California is the largest U.S. state by population and was once the largest solar energy producer in the U.S. In a large shake-up, Texas has surpassed California as the largest domestic solar energy producer. The Data: An article from the Financial Times outlined how Texas, which has its own energy grid, has become a “model” for green energy adoption. Texas’ solar grid has grown exponentially in the past five years. In 2019, Texas had just over 2 gigawatts of solar plants compared to California’s 13. In 2024, Texas has 23.6 gigawatts to California’s 21.2. FT acquired the data from Grid Status. According to data from the think tank Ember, Texas generated more power from solar than co

Meteorologists at the National Oceanic and Atmospheric Administration (NOAA) have issued a bleak forecast for 2024’s hurricane season, which runs June 1 to Nov. 30. The most devastating hurricanes cause hundreds of billions of dollars in damages and can greatly impact the financial markets. NOAA Announcement: NOAA administrator Rick Spinrad outlined the NOAA’s forecasts at a news conference on Thursday. In the Atlantic region, forecasters predict an 85% chance of an above-normal hurricane season, a 10% chance of a near-normal season and a 5% chance of a below-normal season. The NOAA predicts there will be eight to 13 hurricanes with four to seven of those being classified as severe.

In an exclusive interview with Benzinga, Michael Sayers, CFA and vice president and portfolio manager at Rockland Trust, shared valuable insights into today’s investment opportunities. Below, we explore the key questions and Sayers’ insightful responses: How The CHIPS Act, IRA Act & Infrastructure Act Create Investment Opportunities When asked about the anticipated influence of recent legislative developments like the CHIPS Act, IRA Act, and Infrastructure Act on investment opportunities, Sayers provided a comprehensive overview. Regarding the potential effects of the CHIPS Act on technology investments and the semiconductor industry, Sayers pointed out the significant earmarke

The state of California has vowed to have 100% clean power by 2045, but recent data showed that it was already reaching that goal, at least for a few hours each day. Data posted by the California Independent System Operator (ISO) revealed that in recent weeks, power supply generated through wind, water and solar exceeded total demand for up to six hours daily. California ISO is one of the country's largest power grids and handles around 80% of California's power supply. Data shared by Stanford professor Mark Z. Jacobson illustrated that in 18 out of the last 19 days, power from wind, water and solar exceeded demand for at least a few minutes and up to six hours during daytime when p

Treasury Secretary Janet L. Yellen is poised to voice concerns about China’s green energy exports in a speech scheduled for Wednesday, March 27. What Happened: According to the New York Times, which obtained a copy of Yellen’s speech, the Treasury Secretary will address potential market distortions caused by China’s aggressive export strategy, especially in the context of subsidized green technology. China's overcapacity not only disrupts global prices and production trends, but it also “hurts American firms and workers, as well as firms and workers around the world,” Yellen says. The backdrop for Yellen’s critical observations is her visit to Norcross, Georgia, where she is showc

BMO Capital Markets analyst Ameet Thakkar initiates coverage on Nextracker Inc. (NASDAQ:NXT) at a Market Perform rating and a price target of $69. The analyst is constructive about the global demand for solar trackers and expects the ex-China total addressable market to more than double by the end of the decade.  The analyst says Nextracker is a category leader with a growing backlog that provides visible revenue & earnings growth, margin uplift from IRA (~500 bps), and positive FCF. Despite low barriers to entry, Thakkar sees Nextracker as well-positioned and insulated, given its strong global relationships with key solar developers and EPCs.  Also, the analyst says that the com

Tesla CEO Elon Musk‘s proposal for a “carbon tax” as a crucial measure against climate change faced criticism from short-seller Jim Chanos on Sunday. Musk, in a post on Twitter (formerly known as X), asserted that a “carbon tax” is the sole action required to address climate change. This statement came in response to a video clip shared by a Tesla influencer, featuring Musk discussing actions needed to combat the climate crisis and expedite the transition away from fossil fuels. The cost to society is not being paid, and the net result is the emission of 35 gigatons of carbon into the atmosphere, the Tesla CEO said. “We need to go from untaxed negative externality, which is effectively

We performed a screening of mid-cap ETFs, defined as having Assets Under Management (AUM) between $2 billion and $10 billion – to determine what funds had the largest positive and negative returns on the week, according to data from etfdb.com. Only non-leveraged funds were considered. Winners iShares Global Clean Energy ETF (NYSE:ICLN) ICLN is up 8.59% over the trailing week. The iShares Global Clean Energy ETF offers exposure to companies involved in developing and deploying sustainable energy solutions and technologies. The fund has $2.94 billion in AUM and an expense ratio of 0.41%. ICLN has holdings in 102 companies, with the 10 largest comprising 44.34% of the fund. Th

A new report by the UN's Environment Program is shedding an unsettling new light on the current path of global warming. Released days before world leaders meet in Dubai for the COP28 summit, the report underscores that current pledges made by countries at the Paris Agreement are not enough to keep world temperatures below the desired 1.5°C (2.7°F) rise above pre-industrial levels. Also Read: ‘Beer Drinkers Will Definitely See Climate Change’: New Study Shows That Global Warming Will ‘Inevitably’ Change The Taste Of Beer By 2050 Nine days from now, leaders will meet in the United Arab Emirates city to begin sessions of the 2023 United Nations Climate Change Conference, where new agre

The White House celebrated the first anniversary of the Inflation Reduction Act Wednesday, and it appears President Joe Biden is placing it at the center of his reelection campaign. What Happened: In a Wednesday address, Biden hailed the IRA as a cornerstone effort to rejuvenate the American dream, citing its scope in areas of climate, health and deficit reduction. "Everyone was telling us there's no possibility with the divided Congress the way it was," Biden said, nodding to Vice President Kamala Harris and Congress members’ pivotal role in the bill’s passage. Highlighting economic strides he said have been made under his administration, Biden emphasized the job creation in the tw

Clean energy stocks are off to a shaky start to 2023, but Bank of America analyst Julien Dumoulin-Smith named his four top clean energy stock picks on Friday. Earnings Season Takeaways: Now that the first-quarter earnings season is complete for clean energy stocks, Dumoulin-Smith listed four major takeaways for investors: Investors were spooked by mixed residential solar demand. Cash burn is a major focus for investors. Rate of change in sales volumes is a key differentiator. Investors prefer simple plays over complex ones. Related Link: Elon Musk And Bill Gates Agree On Something! How Public Support For Nuclear Power Could Be Moving Forward Dumoulin-Smith said he preferred simple

President Joe Biden and House Speaker Kevin McCarthy are meeting on Tuesday to discuss raising the debt ceiling to avoid a potential U.S. default on June 1. What Is The Debt Ceiling? The U.S. debt ceiling is a restriction Congress has placed on how much money the U.S. government can borrow to pay its bills, such as the costs of military operations and social programs. Because the U.S. regularly spends more money than it takes in, Congress must raise the debt limit on a frequent basis. Congress has changed the debt ceiling 78 times since 1960. It currently stands at $31.4 trillion. Related Link: Xi Jinping's Envoy Calls For Stability In US-China Relations To 'Prevent Any Accidents' What

Altus Power, Inc. ("Altus Power" or the "Company") (NYSE:AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, announced it has been added to the iShares Global Clean Energy ETF (NYSE:ICLN), effective today. The iShares Global Clean Energy ETF seeks to track the investment results of an index composed of global equities in the clean energy sector. "We're pleased our business of serving customers with clean electricity has been recognized with our addition to the iShares Global Clean Energy ETF," said Sophia Lee, Chief Sustainability Officer of Altus Power. "Our company is aligned with our fellow constituents in the ETF, which prioritize clean

Tesla CEO Elon Musk underlined the potential of solar energy by delving into what it could do for human life. The billionaire was repeating an idea he had shared way back in June 2022. What Happened: The amount of solar energy received by the Earth would be sufficient to power a civilization that is 100 times larger than ours, Musk said while quote-tweeting a tweet by one of his followers going by Twitter handle @Rainmaker1973. @Rainmaker1973’s tweet said the world’s current demand for power could be satisfied by covering 1.2% of the Sahara Desert with solar panels, attributing the deduction to a theoretical calculation. He shared links to two news stories that expounded on solar energy’

The Secretary General of the United Nations kicked off the 15th Conference on Biodiversity (COP 15) with statements to protect Earth and save nature. Here’s what Antonio Guterres said. What Happened: Seen as one of the most important world meetings of the last decade, COP 15 is sharing opinions and plans from world leaders and scientists on what can be done to help improve the survival of humanity. Among the key topics was fossil fuels. Guterres said governments must end the “orgy of destruction” and called humanity a weapon of mass extinction during his speech. “We are out of harmony with nature. In fact, we are playing an entirely different song,” Guterres said. “Around the world, for h

The 2022 election was held on Tuesday, Nov. 8. No decision has been made as to who won many of the key battles, including several pivotal seats in the U.S. House of Representatives and U.S. Senate. Here’s a look at the latest news and some ETFs that could see wide swings on the heels of the election. What Happened: The Democrat party has held a majority in the House of Representatives, and an often tie-breaking lead in the Senate, along with a Democrat president in Joe Biden. Some financial analysts have pointed to the positives that could be seen for the market with gridlock and a Republican-led Congress challenging a Democratic president. At the time of writing, the Associated Press has

- Reuters Citing Statement

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Global Clean Energy ETF (NASDAQ:ICLN) traded more than 9.5 times its average daily call volume on Monday. The options market saw a lot of institutional activity, he added. Check out other stocks making moves in the premarket. There were buyers of 21,937 of the September weekly 24-calls at an average price of 72 cents per contract, Khouw mentioned. Traders expect shares of iShares Global Clean Energy to rise by 10% in the next five and a half weeks, he added. ICLN Price Action: Shares of iShares Global Clean Energy gained 0.45% to settle at $22.51 on Monday. Also Read: These 3 Renewable Energy Stocks Offer Generous D

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On CNBC’s “Halftime Report Final Trades,” Kevin O'Leary, known as "Mr. Wonderful," recommended buying Ethereum (CRYPTO: ETH), after the crypto space has recently been “crushed.” The overall cryptocurrency market capitalization has contracted to less than $1 trillion, down from the November 2021 peak of $3 trillion. Karen Firestone of Aureus Asset Management chose Charles Schwab Corporation (NYSE:SCHW) as her final trade. Charles Schwab’s stock is down more than 28% year to date. Check out other stocks making moves in the premarket. Jon Najarian said he bought iShares Global Clean Energy ETF (NASDAQ:ICLN) on Wednesday. Jim Lebenthal of Cerity Partners chose Boeing Co (NYSE:BA) as his fin