Global X Funds - Global X CleanTech ETF [CTEC] Stock Forecast

Investors could incorporate green investing into their portfolio by choosing companies with strong environmental records committed to reducing their carbon footprint, minimizing waste, and conserving resource.

CTEC: Clean Tech Equities Are Undervalued But Volatile.

Rising oil prices are likely to boost the demand for renewable energy. Favorable government policies, increased environmental awareness, technological advancements, and declining costs of renewable energy production are other tailwinds.

The path to clean is green: this seems to be a common refrain as the world becomes more reliant on alternative energy in order to reduce carbon contamination in the atmosphere. This creates opportunities for clean energy exchange traded funds (ETFs).

Stock market volatility has dampened demand for thematic funds across the board, but that hasn't stopped new exchange traded funds (ETFs) from hitting the market, especially the thematic variety.

On its surface, the Inflation Reduction Act may not seem like it would be of benefit to clean energy, but after reading the fine print, the act could actually help bolster companies that focus on reducing the world's carbon footprint.

The global move towards reducing emissions continues, and in the United States specifically, the federal government is looking to bolster funding for more clean energy projects with its latest bill.

With Russia's invasion of Ukraine, countries affected by the oil supply crunch are looking for ways to alleviate the issue. One way is to refocus on finding more renewable energy sources as they wean themselves off dependence on Russian oil.

First Solar is taking a hit, even as most clean energy stocks are gaining.

2021 saw the push towards clean energy get an extra boost thanks to the backing of the federal government via its trillion-dollar infrastructure plan. The plan calls for funding to build out more clean energy infrastructure, whether that's more solar energy panels or more wind turbines.