Invesco Global Clean Energy ETF (ARCA: PBD)

Invesco Global Clean Energy ETF (ARCA:PBD), Trade Ideas

Invesco Global Clean Energy ETF

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iShares S&P Global Clean Energy Index Fund

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Four Top-Performing Clean Energy ETFs Under $15 (FAN, ICLN, PBD, PBW)

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The Other Elon Musk ETF Responds as Tesla Tops $100

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Alternative Energy ETFs Mixed Ahead of Election 

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The top performing exchange traded funds (ETFs) over the six months that are trading for less than $15 a share (as of this writing) are focused on clean energy. Interest in clean energy has seen something of a resurgence this year. 

First Trust Global Wind Energy (NYSE: <a class="ticker" href="/stock/fan#NYSE">FAN</a>), iShares S&amp;P Global Clean Energy Index (NASDAQ: <a class="ticker" href="/stock/icln#NASDAQ">ICLN</a>), PowerShares Global Clean Energy (NYSE: <a class="ticker" href="/stock/pbd#NYSE">PBD</a>) and PowerShares WilderHill Clean Energy (NYSE: <a class="ticker" href="/stock/pbw#NYSE">PBW</a>) are all up more than 40 percent in the past six months and trading near their 52-week highs.

Some other top performing ETFs under $15 of note include Global X China Industrials ETF (NYSE: <a class="ticker" href="/stock/chii#NYSE">CHII</a>), iShares MSCI Italy Index (NYSE: <a class="ticker" href="/stock/ewi#NYSE">EWI</a>) and PowerShares Global Listed Private Equity (NYSE: <a class="ticker" href="/stock/psp#NYSE">PSP</a>).

First Trust Global Wind Energy

Shares (units) opened Monday at about $10.65, about 15 cents shy of the 52-week high reached on Friday. This this is the only real wind ETF, and it has considerable international exposure. Also note that, this summer, the United States regained the lead in annual wind power capacity from China.

The nondiversified fund seeks investment results that correspond to the price and yield of the ISE Global Wind Energy Index. It is a benchmark for investors interested in tracking public companies throughout the world that are active in the wind energy industry.

The share price is more than 43 percent higher than six months ago, as well as up more than 52 percent since the beginning of the year. Over the past six months, the ETF has outperformed not only the S&amp;P 500, but also iShares S&amp;P Global Clean Energy Index and PowerShares Global Clean Energy.

See also: <a href="http://www.benzinga.com/etfs/sector-etfs/13/10/3967798/buying-energy-etfs-on-pullback-uso-xle-frak">Buying Energy ETFs On Pullback</a>

iShares S&amp;P Global Clean Energy Index

After opening Monday at $10.38, shares crept upward in early trading toward the 52-week high of $10.58 from last Friday. This ETF is more than five years old and has considerable exposure to Japan and China, as well as a focus on biofuels, ethanol and geothermal energy, solar and wind energy.

The investment seeks to track the investment results of the S&amp;P Global Clean Energy Index, which is designed to track the performance of about 30 of the most liquid and tradable securities of global companies involved in clean energy related businesses. Top holdings in the ETF include First Solar (NASDAQ: <a class="ticker" href="/stock/fslr#NASDAQ">FSLR</a>).

The share price is about 43 percent higher than at the beginning of the year, including a more than 12 percent rise in the past month. Over the past six months, the ETF has outperformed PowerShares Global Clean Energy, as well as the Nasdaq.

PowerShares Global Clean Energy

This ETF started the week at $11.67 per share, or about 11 cents shy of Friday's multiyear high. With its focus on companies engaged in greener and renewable sources of energy and on technologies that facilitate cleaner energy, at least one analyst sees this one rallying in the fourth quarter despite the gains so far this year.

The investment seeks investment results that correspond to the price and yield of the WilderHill New Energy Global Innovation Index. Top holdings include Tesla Motors (NASDAQ: <a class="ticker" href="/stock/tsla#NASDAQ">TSLA</a>), Veeco Instruments (NASDAQ: <a class="ticker" href="/stock/veco#NASDAQ">VECO</a>) and Cree (NASDAQ: <a class="ticker" href="/stock/cree#NASDAQ">CREE</a>). 

The share price is 45 percent higher year to date, including up more than 10 percent in the past month. Over the past six months, this stock has outperformed PowerShares Cleantech Portfolio (NYSE: <a class="ticker" href="/stock/pzd#NYSE">PZD</a>) and the broader markets.

PowerShares WilderHill Clean Energy

This ETF hit a new multiyear high of $6.57 in early Monday trading. Shares have not traded in that neighborhood in more than two years. Exposure to Chinese solar companies has given this clean energy ETF a boost.

The underlying index, the WilderHill Clean Energy Index, is comprised of the stocks that Wilder Hill believes will substantially benefit from a societal transition toward the use of cleaner energy and conservation. Top holdings include Trina Solar (NYSE: <a class="ticker" href="/stock/tsl#NYSE">TSL</a>) and Yingli Green Energy (NYSE: <a class="ticker" href="/stock/yge#NYSE">YGE</a>).

The share price is up more than 53 percent from six months ago, including more than 12 percent in the past month. The stock has outperformed the other ETFs featured here, as well as the broader markets, over the past six months.

See also: <a href="http://www.benzinga.com/etfs/13/10/3969210/seven-etfs-on-a-roll-bib-socl-tan">Seven ETFs On A Roll</a>

At the time of this writing, the author had no position in the mentioned equities.

Shares of electric maker Tesla (NASDAQ: <a class="ticker" href="/stock/tsla#NASDAQ">TSLA</a>) are soaring by nearly 9.7 percent Tuesday on volume that is more than double the daily average, a move that helped the darling stock touch a new all-time high at $105.40 earlier today.

	Tesla's bullish ways are helping the PowerShares WilderHill Clean Energy Portfolio (NYSE: <a class="ticker" href="/stock/pbw#NYSE">PBW</a>) to a gain of almost 1.1 percent. PBW, one of many alternative energy ETFs left for dead last year, has been reborn as the <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/05/3613365/an-etf-for-elon-musk-fans">Elon Musk ETF</a> due to the fund's combined 10.7 percent weight to Tesla and SolarCity (NASDAQ: <a class="ticker" href="/stock/scty#NASDAQ">SCTY</a>), Musk's two companies.

	PBW is not the only ETF from the PowerShares lineup that is benefiting from investors' adulation of Musk. Though to a smaller degree, the PowerShares Global Clean Energy Portfolio (NYSE: <a class="ticker" href="/stock/pbd#NYSE">PBD</a>) is another option to consider for grabbing simultaneous exposure to Tesla and SolarCity.

	PBD, which tracks the WilderHill New Energy Global Innovation Index, features Musk's two companies as its two largest holdings as does PBW. In the case of PBD, Tesla and SolarCity combine for nearly eight percent of the ETF's weight.

	That is not a huge allocation to those high-flying stocks, but is enough to have pushed PBD to new 52-week high today on volume that is almost 50 percent higher than normal. The ascent of SolarCity and Tesla to rock star status has been a boon for PBD as the ETF is now flirting with a one-month gain of 14 percent.

	To put the impact of Tesla and SolarCity on PBD into dollar terms, look at situation this way: Through the first four months of this year, the ETF gained 27 cents. In the past month, the ETF is up $1.28.

	Investors are discovering the utility of PBD as an alternative Elon Musk ETF. For the week ending May 27, the ETF pulled in almost $3.8 million of its $73.5 million in assets under management, <a href="http://www.invescopowershares.com/flows/">according to PowerShares data</a>.

	Other top-10 holdings in the ETF include First Solar (NASDAQ: <a class="ticker" href="/stock/fslr#NASDAQ">FSLR</a>) and SunPower (NASDAQ: <a class="ticker" href="/stock/spwr#NASDAQ">SPWR</a>). Investors should note PBD is not fully allocated to U.S. equities. Rather, the U.S. accounts for just over 41 percent of the ETF's country weight and the fund features a combined 23.2 percent weight to emerging markets China, Brazil, Taiwan and South Korea.

	For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

In his nearly four years in office, President Obama has been a strong supporter of alternative energy. Whether it has been solar, wind or related far, the Obama Administration has looked to foster job growth and reduce U.S. dependence on foreign fuel sources by bolstering this country's alternative energy industry.

The results are up for debate and with less than 24 hours until Election Day, the results probably are not the issue. The issue for investors is the performance of alternative energy stocks and ETFs leading up to and immediately following the election. Simply put, some traders might be betting that alternative energy ETFs <a href="http://www.benzinga.com/markets/bonds/12/10/3040448/in-7-days-an-obama-win-could-send-these-etfs-soaring">are credible Obama reelection plays</a>. 

What happens with these funds after Tuesday will obviously be more telling, but on Monday, the price action is mixed. Shares of First Solar (NASDAQ: <a class="ticker" href="/stock/flsr#NASDAQ">FLSR</a>), the largest U.S.-based solar company, are up more than three percent today. However, the First Solar's surge is somewhat muted at the ETF level.

The Market Vectors Solar Energy ETF (NYSE: <a class="ticker" href="/stock/kwt#NYSE">KWT</a>), which allocates 12.5 percent of its weight to First Solar, is higher by just 0.16 percent in midday trading. The Guggenheim Solar ETF (NYSE: <a class="ticker" href="/stock/tan#NYSE">TAN</a>), the larger of the two solar funds, devotes 7.7 percent of its weight to First Solar and is up about 1.1 percent. To this point in the trading day, volume is thin in both funds.

Neither KWT nor TAN have performed well since President Obama took office. Since late January 2009, TAN is off almost 79 percent while KWT is down nearly 84 percent. Both ETFs enginereed reverse splits earlier this year to artificially inflate their share prices.

Wind enegy ETFs have been another disappointment since President Obama moved to 1600 Pennsylvania Avenue. The PowerShares Global Wind Energy Portfolio (NASDAQ: <a class="ticker" href="/stock/pwnd#NASDAQ">PWND</a>) has lost 52 percent since late January 2009 and the fund is off 0.3 percent today.

Funds that offer a more broad approach to alternative energy are modestly higher on the day. The Market Vectors Global Alternative Energy ETF (NYSE: <a class="ticker" href="/stock/gex#NYSE">GEX</a>) and the PowerShares Global Clean Energy Portfolio (NYSE: <a class="ticker" href="/stock/pbd#NYSE">PBD</a>) are both in the green. Both funds offer exposure to companies ranging from Cree (NASDAQ: <a class="ticker" href="/stock/cree#NASDAQ">CREE</a>), Brazilian ethanol producer Cosan (NYSE: <a class="ticker" href="/stock/czz#NYSE">CZZ</a>) and electric car maker Tesla (NASDAQ: <a class="ticker" href="/stock/tsla#NASDAQ">TSLA</a>). 

The rival iShares S&amp;P Global Clean Energy Index Fund (NASDAQ: <a class="ticker" href="/stock/icln#NASDAQ">ICLN</a>) is down fractionally today. ICLN, PBD and PWND all trade with single-digit price tags while GEX barely resides above $10.

For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

View <a href="http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20120822000141&amp;cid=1105&amp;MainCatID=0">article</a>.

Global

China to Invest $376B in Energy-Saving Projects by 2015 -Want China Times

As the Great Recession of 2008 finally winds down, many Americans face diminished lifestyles. People are only willing to pay for the value they perceive and no more. There will be continued slow recovery in US consumer spending due to a lack of discretionary cash and increased savings rates ( <a href="http://orb.pmdigital.com/2009/12/the-outlook-for-2010" title="http://orb.pmdigital.com/2009/12/the-outlook-for-2010">http://orb.pmdigital.com/2009/12/the-outlook-for-2010</a>). 
Asset allocation drives your long-term returns. Successful investing is more about assembling a well-rounded portfolio. Last week when market retreat as investors worried about the Obama's bank plan, the future for Bernanke and China's lending practices, a classic 60% stock and 40% bond allocation might give you opportunity to sell bond and buy into undervalued sectors. 
The solar sector suffered a big selloff recently when German government proposed a significant cut to the subsidies it pays business and individuals in Germany to use solar panels. 
Potential Growth Markets for Solar Companies
Germany is the world's biggest solar market by installed capacity. It accounted for 51% of global solar system installations in 2009. Italy is the distant 2nd. There's more incentive now for solar companies to gain market share from other countries where the market is still small. For example, Germany gets about 2% of all its energy from the sun, but that's huge compared to the United States. 
China is another huge market for the future, along with sunnier places like Italy, Spain, Australia, Mexico and the Middle East. Other Asia countries such as Japan and South Korea are also big potentials. 
15 Major Solar Players
Followings are 15 solar related stocks with market cap over $100 million. Their average forward P/E is 14. 
Name (Symbol) 	Forward P/E (1yr) 	Market Cap 
Canadian Solar Inc. (<a class="ticker" href="/stock/csiq#">CSIQ</a>) 	9.8 	774.67M 
China Sunergy Co (<a class="ticker" href="/stock/csun#">CSUN</a>) 	10.6 	183.53M 
Energy Conversion (<a class="ticker" href="/stock/ener#">ENER</a>) 	N/A 	462.93M 
Evergreen Solar, Inc. (<a class="ticker" href="/stock/eslr#">ESLR</a>) 	N/A 	299.28M 
First Solar, Inc. (<a class="ticker" href="/stock/fslr#">FSLR</a>) 	17.5 	9.57B 
GT Solar International (<a class="ticker" href="/stock/solr#">SOLR</a>) 	10.7 	875.38M 
JA Solar Holdings (<a class="ticker" href="/stock/jaso#">JASO</a>) 	14.3 	737.73M 
LDK SOLAR CO ADR (<a class="ticker" href="/stock/ldk#">LDK</a>) 	20.4 	846.19M 
MEMC ELECTRONIC (<a class="ticker" href="/stock/wfr#">WFR</a>) 	15.9 	2.95B 
RENESOLA LTD (<a class="ticker" href="/stock/sol#">SOL</a>) 	11.2 	795.80M 
Solarfun Power (<a class="ticker" href="/stock/solf#">SOLF</a>) 	10.9 	382.96M 
SunPower Corp (<a class="ticker" href="/stock/spwra#">SPWRA</a>) 	11.7 	2.05B 
SUNTECH POWER (<a class="ticker" href="/stock/stp#">STP</a>) 	19.2 	2.33B 
TRINA SOLAR LTD ADR (<a class="ticker" href="/stock/tsl#">TSL</a>) 	11.5 	1.19B 
YINGLI GRN ENGY ADR (<a class="ticker" href="/stock/yge#">YGE</a>) 	15.2 	1.87B
Solar is much more expensive than fossil fuels and even wind. This industry remains uncompetitive versus conventional energy, without governments’ generous subsidies. With reduced subsidies from governments, it will likely squeeze price premiums and has potential to hurt companies with higher-cost structure while lower-cost producers could thrive.
Arizona-based First Solar (<a class="ticker" href="/stock/fslr#">FSLR</a>), the largest solar panel maker in the U.S, made 60-70% of its sales in Germany last year. It has also entered into utility-scale construction, and has been able to build large plants in the 10 to 40 megawatt range quickly. Its PE/G ratio is 0.56 and has very low debt in its balance sheet. 
There are quite a few Chinese solar players in this sector, including China Sunergy (<a class="ticker" href="/stock/csun#">CSUN</a>), JA Solar (<a class="ticker" href="/stock/jaso#">JASO</a>), Trina Solar (<a class="ticker" href="/stock/tsl#">TSL</a>), Solarfun Power (<a class="ticker" href="/stock/solf#">SOLF</a>), SUNTECH POWER (<a class="ticker" href="/stock/stp#">STP</a>) and Yingli Green Energy (<a class="ticker" href="/stock/yge#">YGE</a>). 
Comparison between Fist Solar and Major Chinese Companies 
Name (Symbol) 	Operating Margin 	Debt/Operating CF 
First Solar, Inc. (<a class="ticker" href="/stock/fslr#">FSLR</a>) 	37.7% 	0.4 
SUNTECH POWER (<a class="ticker" href="/stock/stp#">STP</a>) 	2.8% 	-9.5 
TRINA SOLAR LTD ADR (<a class="ticker" href="/stock/tsl#">TSL</a>) 	9.7% 	-12.4 
YINGLI GRN ENGY ADR (<a class="ticker" href="/stock/yge#">YGE</a>) 	3.4% 	4.1
12 Alternative Energy ETFs 
Fund Name 	Ticker 
Claymore/MAC Global Solar Energy 	(<a class="ticker" href="/stock/tan#">TAN</a>) 
First Trust Global Wind Energy 	(<a class="ticker" href="/stock/fan#">FAN</a>) 
First Trust NASDAQ Clean Edge Green 	(<a class="ticker" href="/stock/qcln#">QCLN</a>) 
iShares S&amp;P Global Clean Energy Index 	(<a class="ticker" href="/stock/icln#">ICLN</a>) 
iShares S&amp;P Global Nuclear Energy Index 	(<a class="ticker" href="/stock/nucl#">NUCL</a>) 
Market Vectors Glb Alternatve Energy ETF 	(<a class="ticker" href="/stock/gex#">GEX</a>) 
Market Vectors Nuclear Energy ETF 	(<a class="ticker" href="/stock/nlr#">NLR</a>) 
Market Vectors Solar Energy ETF 	(<a class="ticker" href="/stock/kwt#">KWT</a>) 
PowerShares Global Clean Energy 	(<a class="ticker" href="/stock/pbd#">PBD</a>) 
PowerShares Global Nuclear Energy 	(<a class="ticker" href="/stock/pkn#">PKN</a>) 
PowerShares Global Wind Energy 	(<a class="ticker" href="/stock/pwnd#">PWND</a>) 
PowerShares WilderHill Clean Energy 	(<a class="ticker" href="/stock/pbw#">PBW</a>)
Net assets for these clean energy related ETFs are small. For example, the biggest one, PowerShares WilderHill Clean Energy (<a class="ticker" href="/stock/pbw#">PBW</a>), only has $721 million. 
Conclusion
If you want market-like returns, you must accept market-like volatility. People may abandon a sound long-term strategy in favor of perceived near-term security. Many sell stocks at precisely the worst time, or buying high and selling low. Every bear market is followed by a bull; we just don’t know the exact shape, nature and timing of that evolution. But humanity makes progress, science makes new discoveries, human capital grows, and all that gets reflected in future bull markets, according to Ken Fisher, author of How to Smell a Rat. 
Solar stocks are on my watch-list for a long time. Just because you recognize a megatrend, you're not guaranteed to cash in on it if you jump on board at wrong time. Governments around the word could reduce subsidies to push the solar market to become more efficient and competitive. Even though renewable energy mandates will help drive growth and bring costs down, it might take a while before renewable cost the same as fossil fuel-based power. 
With price/sales ratio of 5.5, forward P/E of 18 and potential squeezed profit margin, First Solar is still under tremendous downward pressure. It also faces potential deep-pocket new competitor such as General Electric (<a class="ticker" href="/stock/ge#">GE</a>). But as the economy recovers and the government’s promise to make massive investments in green energy, this sector present a compelling opportunity. If you are a long term investor, it might be a good time to start to cumulate megatrend sector stocks. 
Disclose: I have long position on FSLR. Data are from Yahoo Finance (<a href="http://finance.yahoo.com/" title="http://finance.yahoo.com/">http://finance.yahoo.com/</a>) and Google Finance (<a href="http://www.google.com/finance?hl=en" title="http://www.google.com/finance?hl=en">http://www.google.com/finance?hl=en</a>) as of January 22, 2010. 
Stocks: CSIQ, CSUN, ENER, ESLR, FAN, FSLR, GE, GEX, ICLN, JASO, KWT, LDK, NLR, NUCL, PBD, PBW, PKN, PWND, QCLN, SOL, SOLF, SOLR, SPWRA, STP, TAN, TSL, WFR, YGE

CSIQ

CSUN

ENER

ESLR

JASO

iShares S&P Global Nuclear Energy Index Fund

NUCL

PowerShares Global Nuclear Energy Portfolio

First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN

SOLF

SOLR

SPWRA

Is it the Right Time to Buy Solar Sector? 

U.K. Premier League soccer club Manchester United has launched a £500 million ($801.4 million), seven-year high-yield bond that will be used to refinance existing debt, banks working on the deal said today.
J. P. Morgan Chase (NYSE:<a class="ticker" href="/stock/jpm-b#">JPM-B</a>), Bank of America (NYSE:<a class="ticker" href="/stock/bac#">BAC</a>), Merrill Lynch, Deutsche Bank AG, Goldman Sachs Group Inc.(NYSE:<a class="ticker" href="/stock/gs#">GS</a>), Royal Bank of Scotland Group PLC(LON:<a class="ticker" href="/stock/rbs#">RBS</a>) and KKR Financial are joint-lead managers on the deal. The senior, secured bond will be issued by the club's subsidiary, MU Finance PLC. The deal is expected to be priced towards the end of next week. <a href="http://online.wsj.com/article/SB10001424052748703652104574651821203718010.html">Source</a> 
Meanwhile, the Asian Development Bank (ADB) has launched a new kangaroo bond issue due in January 2015, a joint lead said today.
Commonwealth Bank of Australia, RBC Capital Markets and UBS are jointly leading the offer.
The issue will be for at least $500 million ($US464 million) of fixed rate notes at a margin of 26-27 basis points over swap or 73 basis points over the Australian government bond due 2015, according to a source who has seen the terms. <a href="http://www.businessspectator.com.au/bs.nsf/Article/Asia-Development-Bank-launches-A-2015-bond-ZKVS6?OpenDocument">Source</a> 
According to local press reports, Croatian oil group INA is to tap the market with a convertible bond in the coming months that would allow Hungary’s MOL to boost its 47.2% stake to over 50%. The government, though is against such plans.
INA is likely to issue a EUR 200 million (USD 286.4 m) bond. The funds would be used to clear the company's tax debt to the state and finance its operations.
Meanwhile, Poland raised 3 billion euros ($4.3 billion) in its biggest offering of euro-denominated bonds in four years as it seeks to finance a growing budget deficit, according to a banker involved in the financing.
The 15-year securities, Poland’s longest dated international bonds in euros since 2007, were priced to yield 148 basis points more than the midswap rate, said the banker, who declined to be identified before the deal is completed. <a href="http://www.businessweek.com/news/2010-01-11/poland-sells-3-billion-euro-bond-biggest-in-4-years-update1-.html">Source</a> 
The Thai government also plans to sell savings bonds worth about 50-80 billion baht ($1.5-2.4 billion) towards the end of the first quarter, Finance Minister Korn Chatikavanij said on Monday. "Our policy is clear, that we will issue savings bonds, which should be done late in the first quarter," Korn told reporters, adding the bonds would be mainly for retail investors and savers.
Other details would be decided later, he said. The government has announced plans to sell 170 billion baht of savings bonds in the current fiscal year starting Oct. 1 to help finance its budget deficit and stimulus spending.. <a href="http://news.alibaba.com/article/detail/markets/100230217-1-update-1-thailand-plans-up-%25242.4.html">Source</a> 
India is also pitching for infrastructure bonds for non-resident Indians (NRIs). Road Transport and Highways Minister Kamal Nath on Thursday, pitched for infrastructure bonds in different currencies, specially suited to NRIs, for raising resources for building roads in India.
“I would request the Finance Minister (Pranab Mukherjee) to look at issuance of infrastructure bonds in different currencies and denominations specifically for people of Indian origin and NRIs,” Mr. Nath said at the Pravasi Bharatiya Divas (<a class="ticker" href="/stock/pbd#">PBD</a>) 2010, calling upon the NRIs to invest in India. <a href="http://beta.thehindu.com/business/article77581.ece">Source</a> 
Finance Ministry has declared plans to issue state bonds in the amount of AZN 1.3 bn this year which is AZN 100 mln higher than the forecast for 2009.
According to the state committee for equities, the prospect of state obligations was registered last week. The Finance Ministry offers to issue short-term securities (1,3,6,12 months) at AZN 1.1 bn and middle-term (2 and 3 years) for AZN 100 mln. The plan was the same last year though the finance ministry placed state bonds just at AZN 503 mln. <a href="http://www.news.az/articles/6291">Source</a> 
Back in USA, the Federal Farm Credit Funding Corp (FFCB) plans to sell new three-year designated bonds through the Federal Farm Credit Banks Consolidated Systemwide Bond Program. 	
 The bonds will mature on Feb. 21, 2013 and the size has yet to be determined. FFCB said it hired Barclays, HSBC and UBS to manage the sale. <a href="http://www.reuters.com/article/idUSN1114799120100111 ">Source</a>

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The world is fighting to go green. So, it&rsquo;s a good idea to have exposure to&nbsp;some of the best renewable <a href="https://investorplace.com/industries/energy/">energy stocks</a> to buy in April.



For one,&nbsp;<a href="https://www.weforum.org/agenda/2024/02/renewables-energy-capacity-demand-growth/">according to the International Energy Agency</a>, renewable energy sources will account for over 42% of global electricity generation, with wind and solar doubling to 25%. In addition, the agency says the &ldquo;World added&nbsp;50% more renewable capacity in 2023 than in 2022 and next 5 years will see the fastest growth yet&hellip;&rdquo;



Two, when and if the Federal Reserve does cut interest rates, renewable energy projects could see further upside.&nbsp;Remember, when interest rates get too high, financing gets more expensive and margins suffer.



Three, for the world to meet the net-zero scenario,&nbsp;<a href="https://about.bnef.com/blog/global-clean-energy-investment-jumps-17-hits-1-8-trillion-in-2023-according-to-bloombergnef-report/">BloombergNEF says energy investments</a>&nbsp;would have to average about $4.7 trillion a year between now and 2030.&nbsp;



Helping, 116 countries recently signed the&nbsp;Global Renewables and Energy Efficiency Pledge. That pledge aims to &ldquo;triple global renewable generation capacity to at least 11,000 gigawatts and to double the global average annual rate of energy efficiency improvements from around 2% to more than 4% every year until 2030,&rdquo;&nbsp;<a href="https://www.edie.net/surging-renewables-growth-hindered-by-lack-of-finance-worldwide/#:~:text=A%20total%20of%20116%20countries,more%20than%204%25%20every%20year">as noted by Edie.net</a>.



That being said, I&rsquo;d start buying the&nbsp;best <a href="https://investorplace.com/industries/energy/renewable-energy/">renewable energy stocks</a> to buy in April.



<h2>NexGen Energy (NXE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/uranium1600-300x169.jpg" alt="periodic table concept with black cubes. uranium element is glowing. Uranium stocks"><div>Source: Shutterstock</div></div>With uranium prices still red-hot on supply-demand issues, consider&nbsp;NexGen Energy&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nxe-stock-quote/">NXE</a>) once it bottoms out again. After becoming overbought at $8.75, it&rsquo;s now back to $8.33, and could potentially retest support at its 50-day moving average.



Over the long-term, uranium demand&nbsp;is expected to jump 127% by 2030. By 2040, demand could be up by 200%, creating a potential 240-million-pound deficit. Worse, the deficit could continue to widen with growth in annual demand expected to triple by 2050,&nbsp;<a href="https://s28.q4cdn.com/891672792/files/doc_presentations/2024/NXE_CorpDeck_February-2024.pdf">as noted by the company</a>.



Plus, over the last few weeks, NXE just announced a&nbsp;<a href="https://www.tipranks.com/news/company-announcements/nexgen-energy-unveils-major-uranium-discovery">new uranium discovery at its SW2 Property</a>. According to&nbsp;<a href="https://www.canadianminingjournal.com/news/nexgen-finds-new-greenfield-uranium-mineralization-3-5-km-from-arrow-deposit/">company CEO Leigh Curyer</a>, &ldquo;This new intercept reflects the high potential of NexGen&rsquo;s extensive land package in the southwestern section of the Athabasca Basin, Saskatchewan.&nbsp;Drilling activity is being fully dedicated to this new discovery area to advance our understanding of scope and scale of mineralization.&rdquo;



Again, wait for NXE to pull back before buying.&nbsp;



<h2>Brookfield Renewable Energy (BEP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/bepc-1600-300x169.jpg" alt="A phone displaying the logo for Brookfield Renewable Corporation (BEPC)"><div>Source: Piotr Swat / Shutterstock</div></div>I&rsquo;d also take advantage of the recent weakness in&nbsp;Brookfield Renewable Energy&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/bep-stock-quote/">BEP</a>). It&rsquo;s another one of the&nbsp;best renewable energy stocks to buy in April.



For one, while we wait for it to recover, we can collect its current yield of 6.13%. It recently paid out a dividend of 35.5 cents per share, or about $1.42 annualized.&nbsp;



Two, its dividend is sustainable, with the company generating predictable cash flow. About&nbsp;<a href="https://bep.brookfield.com/press-releases/bep/brookfield-renewable-reports-record-results-and-announces-5-distribution">90% of its cash flow</a>is contracted under long-term, inflation-adjusted deals.



Three,&nbsp;<a href="https://bep.brookfield.com/press-releases/bep/brookfield-renewable-reports-record-results-and-announces-5-distribution">according to CEO Connor Teskey</a>, &ldquo;Going forward we are well positioned to continue benefiting from accelerating demand for clean power from corporate customers, and specifically the large global technology companies, whose increasing appetite for clean power is being driven by data center demand, with securing clean energy now squarely on their critical path to growth.&rdquo;



Plus, earnings have been solid. In its most recent quarter, the company&rsquo;s funds from operations came in at 38 cents, beating estimates by a penny. Revenue of $1.32 billion &mdash; up nearly 11% year over year &mdash; beat by $130 million.&nbsp;



<h2>Invesco Global Clean Energy ETF (PBD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/greenenergy1600-300x169.jpg" alt="Green energy stocks"><div>Source: Shutterstock</div></div>Or, if you prefer to diversify at a low cost of about $13.95, check out the Invesco&nbsp;Global Clean Energy ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/pbd-stock-quote/">PBD</a>). With an expense ratio of 0.75%, the ETF invests in stocks&nbsp;that focus on renewable sources of energy and technologies that help facilitate cleaner energy.&nbsp;



Some of its top holdings include&nbsp;Sunrun&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/run-stock-quote/">RUN</a>),&nbsp;Sunnova Energy&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nova-stock-quote/">NOVA</a>),&nbsp;Enphase Energy&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/enph-stock-quote/">ENPH</a>),&nbsp;FuelCell Energy&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/fcel-stock-quote/">FCEL</a>) and another 104 related holdings. What&rsquo;s nice about this ETF is we can gain exposure to 108 green stocks at less than $14 a share at the moment.&nbsp;



Eventually, when the Federal Reserve starts cutting rates, I&rsquo;d like to see the PBW ETF rally back to $31 initially. In the long term, I&rsquo;d like to see the ETF run back to $65, which it hit in mid-2022. But again, much of this depends on when and if the Federal Reserve cuts interest rates.



On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/the-3-best-renewable-energy-stocks-to-buy-in-april-2024/">The 3 Best Renewable Energy Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.