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ECLN

First Trust EIP Carbon Impact ETF

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=ECLN

Industry

Asset Management

Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Open

28.45

Mkt cap

16M

Volume

2.2K

High

28.87

P/E Ratio

19.34

52-wk high

31.18

Low

28.45

Div yield

0.03

52-wk low

22.74

PPL Corporation (NYSE:PPL) exceeded Q1 FY24 revenue and EPS estimates with significant growth in electricity sales and operating income. The company is on track with its $3 billion infrastructure improvements for the year, aiming for a modern, resilient grid and sustainable energy future. PPL reiterated its FY24 EPS outlook and its long-term growth targets, including annual savings from operational efficiencies. Shares rose 2.09% following the announcement. Exposure to PPL can also be gained through ECLN and EMLP ETFs.

Portfolio Pulse from Lekha Gupta

May 01, 2024 | 5:16 pm

WEC Energy Group, Inc. (NYSE:WEC) shares rose after announcing the acquisition of a 90% stake in the Delilah I Solar Energy Center for $459 million. The 300-megawatt project, part of the Samson & Delilah solar portfolio, is located near Dallas, Texas, with operations expected to start by end of June. This acquisition underscores WEC's commitment to investing in clean energy. The company is also set to release its first-quarter FY24 earnings on May 1. Investors can also gain exposure to WEC through Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) and First Trust EIP Carbon Impact ETF (NYSE:ECLN).

Portfolio Pulse from Lekha Gupta

April 29, 2024 | 5:13 pm

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