ALPS Clean Energy ETF [ACES] Stock Forecast

The energy transition portfolio is a compelling opportunity, as it optimizes investments in both renewables and traditional fossil fuels. Traditional energy sources and infrastructure are expected to continue to play a role in the energy transition for the coming decades, as renewables aren't ready to meet demand.

Let's face it — it hasn't been the best year for clean energy strategies. Rising rates, supply chain issues, and uneven demand have all taken a bite out of energy-transition-related firms.

Clean energy ETFs are a long-term play, with the current environment offering a good entry point for buy-and-hold investors. Despite a very constructive policy background, clean energy ETFs have struggled in 2023.

Renewable energy stocks have experienced a significant decline in recent months, lagging behind fossil fuel companies. This decline is primarily attributed to the impact of higher interest rates on the sector.

As advisors consider tax-loss harvesting, clean energy ETFs are a good place to start. With clean energy ETFs down significantly year to date, advisors can sell out of clients' current positions to harvest losses and enhance exposure to the space.

The current presidential administration has been a staunch supporter of clean energy technology. It continues to show in the latest round of funding by the White House.

The performance of the ALPS Clean Energy ETF has been subpar compared to its peers in the clean energy sector. The clean energy sector is highly susceptible to shifts in technology, market demand, and government regulations. Despite the long-term potential of the clean energy sector, it may not be the best time to invest in ACES due to global momentum and the risk of a global slowdown.

What's the outlook for clean tech investing right now? Amid the ongoing government support for the space via the Biden Administration's Inflation Reduction Act (IRA), segments like electric vehicles (EVs) and solar have been notable standouts recently.

Where should investors be looking right now as a busy summer for equities draws to an end? In a year when the equities train has refused to slow down despite headwinds, growthier options have prevailed.

With the world going green, some of the top beneficiaries will be the buy on dip hydrogen stocks. For one, hydrogen emits no greenhouse gases with the only waste product being vapor.

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

ALPS Clean Energy ETF stock price is $32.25 today.

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