ETF Explainer: QCLN
A look at a high-flying clean energy fund.
Each month, we look at an ETF selected by ETF.com based on its performance and importance to investors. This month, we consider the performance of the $536 million First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), one of the best-performing equity funds of the last 12 months. All the companies mentioned below are holdings in QCLN, unless otherwise noted (*).
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NOV 5 China-based electric carmaker NIO partners with Intel’s Mobileye to develop self-driving cars, giving NIO’s stock price a major bump.
FEB 20 SolarEdge, a manufacturer of solar-powered electronics, sees a second day of double-digit gains in its stock price after it reports significant growth in sales and revenue.
MAR 18 Amid a broad market decline, a report predicting hard times for the semiconductor industry due to coronavirus drove that category, including ON Semiconductor, down even further.
MAY 6 Solar energy firm Enphase reports first-quarter results including a doubling of sales and operating income growing by six times year over year.
JUL 7 Solar power firm Sunrun sees its stock price spike after it announces it will acquire Vivint Solar,* a competitor, in a $3.2 billion deal.
AUG 31 Tesla shares reach new record highs and well-above-average volume after its five-for-one stock split takes effect, driving its market capitalization to more than $430 billion.
Source: Bloomberg; data for 9/30/2019-9/30/2020