Notable companies
The most notable companies in this group are Tesla (NASDAQ:TSLA), Nextera Energy Inc (NYSE:NEE), First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), Owens Corning (NYSE:OC), NIO Inc. (NYSE:NIO), SolarEdge Technologies (NASDAQ:SEDG), Bloom Energy Corp (NYSE:BE), Plug Power (NASDAQ:PLUG), Canadian Solar (NASDAQ:CSIQ).
Industry description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Low Carbon Energy Index.
The fund normally invests at least 80% of its total assets in stocks of low carbon energy companies. Such companies may include small- and medium-capitalization companies and foreign issuers. “Low carbon energy companies” refers to companies primarily engaged in renewable energy, including renewable energy production, alternative fuels, electric vehicles, and related technologies and building materials (such as advanced batteries). It is non-diversified.
Market Cap
The average market capitalization across the VanEck Low Carbon Energy ETF ETF is 26.32B. The market cap for tickers in the group ranges from 469.13M to 559.85B. TSLA holds the highest valuation in this group at 559.85B. The lowest valued company is LAND at 469.13M.
High and low price notable news
The average weekly price growth across all stocks in the VanEck Low Carbon Energy ETF ETF was -2%. For the same ETF, the average monthly price growth was -5%, and the average quarterly price growth was -3%. BE experienced the highest price growth at 61%, while SEDG experienced the biggest fall at -21%.
Volume
The average weekly volume growth across all stocks in the VanEck Low Carbon Energy ETF ETF was -15%. For the same stocks of the ETF, the average monthly volume growth was 129% and the average quarterly volume growth was 89%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 59
P/E Growth Rating: 61
Price Growth Rating: 60
SMR Rating: 68
Profit Risk Rating: 68
Seasonality Score: 32 (-100 ... +100)