ALPS Clean Energy ETF [ACES] Stock Forecast

ALPS Clean Energy ETF tracks U.S. and Canadian green energy companies. ACES  targets companies that include such activities as renewable energy, clean tech (electric vehicles, battery tech, smart grids), and any other emerging clean energy tech.

The ALPS Clean Energy ETF (ACES) outpaced weak U.S. equities last week on strong earnings from clean energy companies despite a challenging macroeconomic backdrop.  With the Federal Reserve boosting interest rates another 75 basis points last week to the range of 3.75%–4%, investor fears of a 2023 recession were slightly eased by a stronger-than-expected U.S.

The ALPS Clean Energy ETF (ACES) is leading in one-week returns across ALPS' lineup of ETF offerings. ACES increased 7.55% during the one-week period trailing October 28, a reversal from its negative performance earlier in the month due to higher interest rates and weak economic growth darkening the outlook for clean energy companies.

Clean energy is no longer just an ESG issue but has expanded into an issue of national security in the face of the energy crisis. “I think the markets truthfully are missing this aspect to national security because, with that in mind, this train doesn't stop.

Clean energy has emerged as a prominent theme this year as nations grapple with the ongoing global energy crisis.  The crisis has fueled urgency in adopting alternative clean energy sources, and supporting global legislation, including the Climate Bill in the U.S., which will be a major catalyst for the clean energy space.

September has historically been the worst month of the year for the stock market, and this year was no exception, with all major U.S. indexes posting significant declines. The S&P 500 posted a broad 9.34% decline last month, marking the worst September for the index since 2002, when it declined 11.

Though Wall Street delivered a subdued performance in Q3, these sector ETFs offered double-digit returns.

Investors that are bullish on the energy transition have the opportunity to buy in at a discount.

On a total return basis, the ALPS Clean Energy ETF has outperformed the S&P500 by 60%+ over the past three years. The ETF is designed to track the CIBC Atlas Clean Energy Index and holds U.S. and Canadian-based companies.

ALPS Clean Energy ETF (ACES) topped the list of the best-performing U.S. equity ETFs in Q3, gaining about 11%. The rally was driven by the Inflation Reduction Act, which focuses on making the climate greener.

ALPS Clean Energy ETF is a US stock and trading under the symbol ACES

ALPS Clean Energy ETF stock price is $51.87 today.

Yes, ALPS Clean Energy ETF is a publicly traded company.