Neither tree-hugging, anti-oil hippies nor gas-guzzling SUV drivers can deny the upside potential for alternative energy companies.
Everything from solar to wind to geothermal has the potential to be winners in the coming decades as the entire globe looks for fossil fuel alternatives. In 2013, solar accounted for 29 percent of all new electricity generation, up from 10 percent in 2012.
Investors have a bevy of options for investing in the sector. By choosing an ETF the company-specific risk and in some instances sector-specific risk is removed. A few of the ETFs available for investors are listed below.
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First Trust NASDAQ Clean Edge US ETF (NASDAQ: QCLN)
First Trust NASDAQ Clean Edge UStracks the performance of clean energy companies in the U.S that are involved in manufacturing, development, distribution and installation of clean-energy technology. As of September 16, QCLN has 50 holdings, with its top investments in Tesla Motors Inc with a 9.3 percent holding, First Solar Inc. at 7.7 percent, and Linear Technology Corporation totaling 7.2 percent.
QCLN has performed well over the last 12 months ...
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