Menu Close

Election Year Puts a Shine on Renewable Energy ETFs

Few industry exchange traded funds can match the performances of alternative energy funds such as the First Trust NASDAQ Clean Edge Green Energy Index Fund (NasdaqGM: QCLN). Not surprisingly, election year politics are playing a role in that upside.

 

QCLN seeks investment results that correspond generally to the equity index called the NASDAQ® Clean Edge® Green Energy Index. The index is designed to track the performance of small, mid, and large capitalization clean energy companies that are publicly traded in the United States.

 

“The renewable energy sector is already outpacing the S&P 500 by nearly tenfold this year, according to analysts at Cowen. Not counting the highflying cell maker Plug Power (PLUG) and solar company Enphase Energy (ENPH), which are up 361% and 292%, respectively, the group of renewable energy stocks is up 57% this year,” reports Liz Moyer for Barron’s.

 

Political Push for Renewable Energy

QCLN could be in for more good times if the former Vice President Joe Biden wins the upcoming presidential election because investors widely believe a Democratic regime will be favorable to renewable energy stocks.

 

“Former Vice President Joe Biden’s clean energy plan, along with new applications for certain technologies, are driving the interest. A blue wave that brings Democrats into the White House as well as into the majority in the Senate and the House could accelerate spending in the sector,” according to Barron’s.

 

Boosting the long-term cases for QCLN are data confirming solar and wind installation prices will continue declining in the coming decade. Then there’s the political angle.

 

“As a candidate for President, Biden has called for nearly $2 trillion to be invested over the next decade to set a clean electricity standard by 2035,” reports Barron’s. “Other Democrats who ran for the nomination proposed a similar deadline to reach that goal. And fellow Democrat Sen. Chuck Schumer proposed offering cash vouchers to trade in traditional gasoline-powered vehicles for electric vehicles, something Biden has also supported.”

 

Another reasons QCLN is relevant for strategic investors today is the sheer number of tailwinds at the back of the alternative energy industry, many of which are international in nature. Wind power is one just one example of that trend.

 

QCLN YTD Performance

 

“Democrat proposals could also spur investment if they are adopted, Cowen notes. Biden’s clean energy plan calls for the installation of 500 million solar panels over five years, twice the size of the current market,” according to Barron’s.

 

View: Source

View: More news

Related Posts

68 Comments

  1. asmr https://0mniartist.tumblr.com

    Hi there I am so glad I found your blog, I really
    found you by accident, while I was researching on Bing for something else, Anyways I am
    here now and would just like to say thanks a lot for a marvelous post
    and a all round thrilling blog (I also love the theme/design), I don’t have time to browse it all
    at the minute but I have saved it and also added your
    RSS feeds, so when I have time I will be back to read a great
    deal more, Please do keep up the fantastic job. asmr
    0mniartist

  2. 0mniartist

    Hello there! I could have sworn I’ve been to this blog before
    but after going through some of the articles I realized it’s new to me.
    Nonetheless, I’m definitely delighted I discovered it and I’ll be bookmarking it
    and checking back often! 0mniartist asmr

  3. bit.ly

    Hurrah! After all I got a website from where I can genuinely take valuable information regarding my study and knowledge.
    asmr 0mniartist

  4. bit.ly

    An outstanding share! I have just forwarded this onto a colleague who was conducting a little research
    on this. And he in fact bought me dinner simply because I discovered it for him…
    lol. So allow me to reword this…. Thank YOU for the meal!!

    But yeah, thanx for spending some time to talk about this subject here
    on your web site. asmr 0mniartist

  5. but asmr

    At this time it looks like Movable Type is the best blogging platform
    out there right now. (from what I’ve read) Is that what you’re using
    on your blog?

  6. asmr what

    My family all the time say that I am wasting my time here at web, except I know
    I am getting familiarity daily by reading such pleasant
    articles or reviews.

  7. http://j.mp/2PVIjFN

    Hi! I know this is somewhat off topic but I was wondering if you knew where I could get
    a captcha plugin for my comment form? I’m using the
    same blog platform as yours and I’m having difficulty finding one?

    Thanks a lot!

  8. was asmr

    Thank you for the auspicious writeup. It in fact was a amusement account
    it. Look advanced to far added agreeable from you!
    However, how can we communicate?

  9. it asmr

    Hi to all, the contents existing at this website are actually remarkable for people experience, well, keep up the nice work fellows.

  10. j.mp

    scoliosis
    Undeniably believe that which you stated. Your favorite reason seemed to be on the net the
    easiest thing to be aware of. I say to you,
    I certainly get annoyed while people think about worries that they just don’t know about.
    You managed to hit the nail upon the top and defined out the whole thing
    without having side effect , people can take a signal. Will probably be back to get more.
    Thanks scoliosis

  11. https://6869milesoflove.tumblr.com/

    free dating sites
    I know this if off topic but I’m looking into starting
    my own blog and was wondering what all is required to get setup?
    I’m assuming having a blog like yours would cost a pretty penny?
    I’m not very web savvy so I’m not 100% sure. Any recommendations or
    advice would be greatly appreciated. Appreciate it dating sites

  12. j.mp

    scoliosis
    Do you mind if I quote a couple of your posts as long as I provide credit and sources back to
    your site? My blog site is in the very same area of interest as
    yours and my users would truly benefit from a lot of the information you present here.
    Please let me know if this alright with you. Thanks!
    scoliosis

  13. in asmr

    Asking questions are in fact nice thing if you are not understanding something completely, but this post offers fastidious
    understanding even.

  14. dating sites but

    You are so interesting! I do not suppose I’ve read through
    anything like that before. So great to find another person with a few original thoughts on this
    subject. Seriously.. thanks for starting this
    up. This website is one thing that’s needed on the web, someone with a bit of originality!

  15. tinyurl.com

    Hello there! I know this is kinda off topic but I’d figured
    I’d ask. Would you be interested in trading links
    or maybe guest authoring a blog post or vice-versa?
    My website covers a lot of the same topics as yours and I think we
    could greatly benefit from each other. If you are interested feel free to send me an email.
    I look forward to hearing from you! Great blog by the way!

  16. tinyurl.com

    I was curious if you ever considered changing the
    layout of your site? Its very well written; I love what youve got to say.
    But maybe you could a little more in the way of content so people could connect with
    it better. Youve got an awful lot of text for only having 1 or 2
    images. Maybe you could space it out better?

Leave a Reply

Your email address will not be published.