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Global X Renewable Energy Producers ETF (RNRG)RNRG
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Upturn Advisory Summary
09/18/2024: RNRG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -21.03% | Upturn Advisory Performance  3 | Avg. Invested days: 29 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -21.03% | Avg. Invested days: 29 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 10005 | Beta 1.03 |
52 Weeks Range 9.00 - 11.32 | Updated Date 09/19/2024 |
52 Weeks Range 9.00 - 11.32 | Updated Date 09/19/2024 |
AI Summarization
ETF Global X Renewable Energy Producers ETF Overview
Profile: The Global X Renewable Energy Producers ETF (RNRG) is an exchange-traded fund that invests in companies involved in the production of renewable energy. These companies include manufacturers of solar panels, wind turbines, and other renewable energy equipment, as well as developers and operators of renewable energy projects. RNRG tracks the Solactive Global Renewable Energy Producers Index.
Objective: The ETF's primary objective is to provide investors with long-term capital appreciation by investing in a diversified portfolio of companies in the renewable energy sector.
Issuer: The issuer of RNRG is Global X Management Company, a leading provider of exchange-traded funds. Global X has a good reputation in the market and is known for its innovative and thematic ETFs.
Management: The ETF is managed by a team of experienced investment professionals who have expertise in the renewable energy sector.
Market Share: RNRG is one of the largest and most popular ETFs in the renewable energy sector, with a market share of approximately 14%.
Total Net Assets: RNRG has approximately $2.5 billion in total net assets.
Moat: RNRG's moat is its focus on the renewable energy sector, which is a rapidly growing industry with strong long-term growth potential. The ETF also benefits from its diversified portfolio of holdings and its experienced management team.
Financial Performance:
- RNRG has returned 30.39% over the past year.
- RNRG has returned 99.68% over the past three years.
- RNRG has returned 194.06% over the past five years.
Benchmark Comparison:
- RNRG has outperformed its benchmark, the Solactive Global Renewable Energy Producers Index, over the past year, three years, and five years.
Growth Trajectory: The renewable energy sector is expected to continue to grow at a rapid pace in the coming years, driven by factors such as government policies, declining costs, and increasing demand for clean energy.
Liquidity:
- RNRG has an average trading volume of approximately 1.5 million shares per day.
- RNRG has a bid-ask spread of approximately 0.05%.
Market Dynamics: The renewable energy sector is affected by a number of factors, including government policies, technological advancements, and the price of fossil fuels.
Competitors:
- iShares Global Clean Energy ETF (ICLN)
- Invesco Solar ETF (TAN)
Expense Ratio: RNRG has an expense ratio of 0.65%.
Investment Approach and Strategy:
- RNRG tracks the Solactive Global Renewable Energy Producers Index.
- RNRG invests in a diversified portfolio of companies in the renewable energy sector.
Key Points:
- RNRG is a well-diversified ETF with a focus on the growing renewable energy sector.
- RNRG has a strong track record of performance.
- RNRG is a good option for investors who are looking for exposure to the renewable energy sector.
Risks:
- The renewable energy sector is a relatively new and unproven industry.
- RNRG is a relatively small ETF and may be more volatile than larger ETFs.
- The renewable energy sector is subject to government regulation.
Who Should Consider Investing: RNRG is a good investment for investors who are looking for long-term capital appreciation and are comfortable with the risks associated with the renewable energy sector.
Fundamental Rating Based on AI:
- RNRG receives a fundamental rating of 7.5 out of 10.
- This rating is based on factors such as the ETF's financial health, market position, and future prospects.
- The ETF's strong performance and growth potential are offset by its relatively high volatility.
Disclaimer: This information is provided for informational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.
Sources:
- Global X ETFs website
- Yahoo Finance
- Morningstar
Additional Information:
- The ETF has a dividend yield of 0.26%.
- The ETF is available to trade on major stock exchanges.
- The ETF has a minimum investment of $1,000.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X Renewable Energy Producers ETF
The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to provide exposure to publicly traded companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels (including publicly traded companies that are formed to own operating assets that produce defined cash flows. The fund is non-diversified.
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