Everything's Bigger In Texas: Lone Star State Will Build More Clean Energy Than Next 10 States Combined
Portfolio Pulse from Hayden Buckfire
Texas is set to build 35.6 gigawatts of clean energy capacity over the next 18 months, more than the next 10 states combined. This positions Texas as a leader in green energy, driven by its favorable geography and growing population. Investors may consider ETFs like ICLN, GRID, and TAN for exposure to the green energy sector.
July 26, 2024 | 7:39 pm
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POSITIVE IMPACT
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Fund (GRID) may benefit from Texas' clean energy projects, as it focuses on smart grid infrastructure which will be essential for managing new energy capacity.
GRID focuses on smart grid infrastructure, which will be crucial for integrating and managing the new clean energy capacity in Texas.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
iShares Global Clean Energy ETF (ICLN) is likely to benefit from Texas' massive clean energy expansion, as it provides broad exposure to the global clean energy sector.
ICLN offers broad exposure to the global clean energy sector, and Texas' significant investment in clean energy is likely to boost the performance of companies within this ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Invesco Solar ETF (TAN) is likely to benefit significantly from Texas' clean energy expansion, as over half of the new capacity will be solar.
TAN focuses on solar energy, and with more than half of Texas' new clean energy capacity being solar, this ETF is likely to see positive impacts.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90