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Going Green Just Got Cheaper (TAN, KWT, FAN, PWND, PBD, GEX, PKN, NLR)

by Owen Vater | May 21st  |  Filed in: ETF News | Stock Sector News

Stock picking in the alternative energy sector or other segments of the “green” equity market can be tricky business as largely unforeseeable, individual developments often drive a wide divergence between seemingly similar firms. Thankfully there are plenty of exchange-traded options for the eco-friendly investor, and they are all on sale for huge discounts compared to pricing earlier this year.

As a whole, the Green ETFs Index is currently lagging the S&P 500 by -3% over the last month. Solar ETFs have led the way down with the Claymore/MAC Global Solar Energy Index ETF (TAN) and Market Vectors Solar Energy ETF (KWT) off more than -20% for the period, but the rest of the components aren’t far behind.

Wind energy bulls can now pick up the First Trust ISE Global Wind Energy ETF (FAN) and PowerShares Global Wind Energy Portfolio (PWND) at a -19% discount to month-ago prices and the broader PowerShares Global Clean Energy Portfolio (PBD) and Market Vectors Global Alternative Energy ETF Trust (GEX) are both off by more than -18% for the period.

Yesterday we noted the recent uranium slump, and the nuclear ETFs haven’t done much better. The PowerShares Global Nuclear Energy Portfolio (PKN) and Market Vectors Global Nuclear Energy ETF (NLR) are both off by double-digits over the last month after falling more than -5% in just the last week.

Investors can track the Green ETFs Index for performance trends and a suite of other metrics at tickerspy.com. Meanwhile, prudent stock pickers should check out tickerspy’s various other “green” sub-sector stock Indexes.


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