Choosing The Right Clean Energy Mutual Fund or ETF

Tom Konrad CFA If you want to invest in renewable energy and energy efficiency with just one fund, this is what you need to know. Over the last few months, I've written an extended series of articles looking at clean energy mutual funds and clean energy exchange traded funds (ETFs).  Defining Clean Energy For my purposes, a clean energy fund is one that primarily invests in companies involved in renewable energy, energy efficiency and conservation, efficient and alternative fuel vehicles, and companies that are part of the supply chain for any of the above...

Shares in FPL and Calpine Purchased

This morning I purchased shares for the mutual fund in two large utility companies that both have extensive research and power generation via renewable energy. FPL Group Inc (FPL) is an electric utility that is primarily based in the South East. This company owns Florida Power and Light and has been in much of the recent news due to hurricane Katrina. FPL also owns FPL Energy which is a division that provides wholesale electric power that is generated from Natural Gas, Wind, Solar, Hydro, and Nuclear. They currently produce more Wind generated power than any company in the...

Alternative Energy Funds: 2014 Review

By Harris Roen Mutual Funds (MFs) Falling fossil fuel prices have hampered 2014 returns for alternative energy mutual funds. Returns are slightly down on average for the past three-month, with a third of funds showing losses. Monthly gains fared worse, with only 2 out of 14 funds in the black. One-year returns are flat on average, and range from a high of 8.3% for Gabelli SRI Green AAA (SRIGX), to a low of -14.3% for Guinness Atkinson Alternative Energy (GAAEX)…   Exchange Traded Funds (ETFs) Alternative energy ETFs had a wide range of returns for 2014,...

Crude Oil & Alt Energy: The Non-Relationship That Just Won’t Go Away

Charles Morand The relationship - or lack thereof - between oil prices and the performance of alt energy stocks has been a long-time interest of mine. I discussed it last in late March when I looked at correlations between the daily returns of alt energy and fossil energy ETFs. At the time, I found that only a weak relationship existed between the two and that if someone wanted to make a thematic investment play on Peak Oil, alt energy ETFs were not an ideal way to do so.  Seeing as the popular press and countless "experts"...

Alternative Energy ETFs – A Good Way To Invest in a Booming Sector

UPDATE 2/23/09: Here are in depth looks at available Clean Energy ETFs and Clean Energy Mutual Funds. Alternative energy is undoubtedly the future and we are just entering the early phases of what will be the next booming industry. Even if the growing consensus over global warming isn’t enough to change human behavior, we really don’t have much choice in the matter. Fossil fuels are becoming more difficult and expensive to find and extract from the earth. Couple lower supply levels with rapidly increasing demand from nations such as China and India and you have the perfect...

Renewable and Alternative Energy Mutual Funds Compared

If you can, you are better off in one of the clean energy ETFs, or even a portfolio of individual clean energy stocks (here are 10 clean energy picks for 2009.) However, it you want a mutual fund for the ease of investment, or you are looking to add one to a retirement plan, the Winslow Green Growth Fund comes out on top because of its emphasis on energy efficiency stocks (including these two Geothermal Heat Pump stocks), and its lower expenses.

If a Clean Energy Mutual Fund Falls in the Forest…

When I was researching my Comparison of Clean Energy Mutual Funds and Clean Energy Tracking Portfolio articles, I came across something strange: the American Trust Energy Alternatives Fund (ATEAX) did not seem to have a listing on American Trust's website.  However, finance sites were still publishing price and holdings data, and there was no recent news, so I didn't think much of it, since other funds seemed superior based on both costs and fund holdings. Last week, I noticed that the fund's price had not changed since the end of February, so I did a little digging.  Here is...

Is the New Smart Grid ETF GRID All That Smart?

Tom Konrad, CFA First Trust Launched a Grid Infrastructure Exchange Traded Fund (ETF) on November 17th.  Although the First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index Fund (Nasdaq: GRID) is labeled a "Smart Grid" ETF to capture popular excitement around smart grid technology, it covers the whole grid infrastructure sector.  This broader focus is good for clean energy investors. I've been an advocate of investing in electric transmission and smart gird stocks since early 2007, and for almost a year now, a regular reader has been telling me to create a transmission ETF so he can buy...

Strong Returns Continue for Alternative Energy Mutual Funds and ETFs

By Harris Roen Alternative Energy Mutual Fund Returns Alternative energy mutual funds have posted extremely strong returns across the board. Gains have shown a wide breadth, with all MFs up for the last 12-month and 3-month periods. In the past year, all funds are up double digits. A new fund has been added to our tracking system, Calvert Green Bond A (CGAFX). This fund started trading in November 2013, and is the first green open end bond fund designed for retail investors. CGAFX focuses at least 80% of its assets on “…opportunities related to climate change...

Wind Energy ETFs: A Comparison

Three weeks ago, I wrote on the year ahead for the US wind sector and said I would analyze the two new wind ETFs now available to US investors: the First Trust ISE Global Wind Energy Index Fund (FAN) and the PowerShares Global Wind Energy Portfolio (PWND). While I don't currently have a position in either ETF as I expect headwinds in the US (no pun intended) to place downward pressure on some of the global wind stocks in the next few months (the US accounted for 27% of global installed capacity in '07), I still intend to...

Sharp Drops for Alternative Energy Mutual Funds and ETFs

By Harris Roen Alternative Energy Mutual Funds Down for the Quarter, Mixed for the Year Alternative energy mutual funds have turned sharply lower over the past three months. Of the 14 MFs that the Roen Financial Report tracks, all but one are down for the quarter. Five are posting double-digit declines. On average, the drop in MFs are similar to that of the S&P 500 and Down Jones Industrial Average, which fell 7.44% and 9.6% respectively. The only MF showing a gain… ETFs are Widely Lower Green ETFs are showing poor returns on both a...

Top Alternative Energy Mutual Funds and ETFs for 2013

By Harris Roen The Roen Financial Report closely covers the universe of almost 30 alternative energy Mutual Funds (MFs) and Exchange Traded Funds (ETFs). We use a proprietary ranking method to pick the best funds, looking at measures that include fees, risk, tax liability, and the financial health of individual holdings within each fund. In the latest round of rankings, all top rated funds retain their premier slots. Subscribers can see the complete list of funds, including rankings and technical breakdowns, in both Excel and PDF format, by going to roenreport.com/mfsetfs. Mutual Funds (MFs) 2012...
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Updates to Clean Energy Mutual Fund and ETF Lists

Thanks an email from a diligent reader, I have just updated our lists of Clean and Alternative Energy Mutual Funds and Clean and Alternative ETFs and Other Exchange Traded Funds.  Please follow the links to the updated lists. Thanks to him and all the readers who help me keep AltEnergyStocks.com stock lists up to date with your comments and emails.  

Do Falling Alternative Energy Funds Returns Signal Danger?

By Harris Roen Green Mutual Fund Returns Falter Returns for green mutual funds have slid as of late. Longer term, however, alternative energy MFs are still showing strong gains. All MFs are in positive territory for the past 12 months, and 6 out of 14 funds are up double digits. Three year returns have faired even better, showing an annualized return of 14.3% on average. Short term, however, almost all the funds have given up a significant amount of their recent gains. For example, Firsthand Alternative Energy (ALTEX), the MF with the best one-year returns, gave up...
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List of Alternative Energy and Clean Energy ETFs

This list was last updated on 4/27/2022. ETFs are Exchange-listed funds which pool investor's money for the purpose of making Alternative Energy investments. Exchange Traded Funds (ETFs) track a specified Alternative Energy index. This list also includes closed-end mutual funds and other pooled investments which trade on exchanges. ALPS Clean Energy ETF (ACES) ASN Groenprojectenfonds (ASNGF.AS) Bluefield Solar Income Fund (BSIF.L) Defiance Next Gen H2 ETF (HDRO) Evolve Funds Automobile Innovation Index ETF (CARS.TO) First Trust Global Wind Energy Index (FAN) First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index Fund (GRID) First Trust NASDAQ Clean Edge Green Energy Index Fund  (QCLN) Foresight Solar Fund Limited (FSFL.L) Global X Lithium...

Shares of Hydrogenics Purchased

Hydrogenics Corp (HYGS) is a developer of fuel cell technology and hydrogen generation. They are also working with wind farm technology in the generation of hydrogen. Back in January of this year they successfully completed the purchase of Stuart Energy which compliments their product portfolio. Shares of the stock have been under pressure for the last couple of months due to missed expectations on Q1 revenue results. There is also some major concern about an increase in product backlog. In August, HYGS issued their most recent quarterly earnings and are attempting to reassure the...
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