Clean Energy ETFs Surge While Others Lag Behind

The report highlights the surge of the First Trust NASDAQ Clean Edge Green Energy Index Fund ETF, which is up by 2.4%. Fuelcell Energy and Plug Power are leading the gains, with increases of 10.9% and 8.6%, respectively.

Date: 17-09-2024

AI Rating: 7

The report notes significant movements in the stock market, specifically in the ETF segment. The First Trust NASDAQ Clean Edge Green Energy Index Fund ETF has shown a strong performance with an increase of 2.4%. Within this ETF, Fuelcell Energy demonstrates particular strength with a rise of 10.9%, and Plug Power follows closely with an increase of 8.6%. These gains suggest a positive investor sentiment towards clean energy stocks.

Conversely, the iShares MSCI Intl Momentum Factor ETF has underperformed, decreasing by 0.6%. Within this ETF, Teva Pharmaceutical Industries has declined by 1.7%, and Coca-cola Europacific Partners is down by 0.6%. The negative movement in these stocks indicates a lack of investor confidence compared to their peers in the clean energy sector.

Stocks: FCEL PLUG TEVA CCEP