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Today was a big day for the world in relation to clean energy. If the US successfully gets on board with the climate agenda passing the laws through congress and if other countries stick to their already made c02 reduction promises, then we should see clean of lot of energy companies increasing in share price over the next 3-5 years. This ETF namely ITM, Plug and all the others rest. Hold plus plus. Positive news.
This will motor given the new climate targets
Based on the rebalancing I think you have a very god shout of more than breaking even. Sit tight and let the new holdings go for the next month.
I wish I could break even on this and get out. Holding just for the sake of a potential increase in the medium/long term future
Every time I touch and ethical or 'green' investment it screws up and this is the latest on the list !
That article was the final straw for me. But the danger was predicted. https://www.nutmeg.com/nutmegonomics/removed-clean-energy-etfs-investment-portfolios/
Worth a read - https://www.ft.com/content/d43ec8c5-0990-4781-b71f-82cb73a09610
This has been one of my less good investment decisions in the last couple of years. I have tried to chase it down but still it drops like a rock !
I’ve got out this morning with some profit. Should of, would of, could of sold a month ago and done very well but hey ho there you go. This rebalance thing doesn’t look good at all. Shorters targeting what must be sold, buyers targeting what will be bought. Very worrying IMO. So out for now, let the dust settle. Buy again if the price is right. If not, hey ho, plenty more fish in the sea.
Seems like there could well be some rebalancing and changes coming given the consultations held by SPDJI....less concentrated basket on some of these more volatile companies hopefully
Kinda what I was trying to say earlier -- the whole sector seems to be weak ATM...
How can ishares mismanage a passive tracker which tracks an index lol It isn't managed. You want a managed fund go buy a managed fund.
This is the problem
https://www.ft.com/content/d43ec8c5-0990-4781-b71f-82cb73a09610
You need to hold this for a minimum of six months. Clean energy will rise over the late summer period as Biden's energy bills go through Congress. Always look at the longer term - zoom out on the graph. Yes I have taken a paper loss but I'm still up 64% holding for more than a year.
30% down. Mismanaged is right. Thinking of just taking the hit and getting out.
I think for some reason all of the green energy assets are sinking there is a bit of market weakness at present...
This has done nothing but sink since I bought in at the end of Jan -- WTF !
I'm starting to think there's a case for saying IShares have mismanaged this ETF.
Il take any good news I can get, currently 22% down, where the hell is the bottom line for this ETF
Looks like I jinxed it this time EBV10 . Today drop wasn’t supposed to be in the script.
Looks like good news from the Fed for risk assets. Should be good news for holders of this ETF
I read an article yesterday that said that the S&P Global Clean Energy Index is increasing in size from 30 to 100 companies. This should mean that INRG has a more diverse basket and lead to less volatility going forwards. I haven't found a definitive date for this change, but I think it's some time towards the end of next month. Please dyor, but imo this should be a good thing longer term.
Holla - more flesh on the bone since i read the headlines earlier. That statement gives some reassurance and hopefully will help lift Plug's SP which is currently getting hammered.
""The revised accounting will change how the company accounts for certain transactions and items, but is not expected to impact the company's cash position, business operations or economics of commercial arrangements," Plug Power said in a statement.
The company said previously stated targets remain unchanged, including gross billings of $475 million in 2021, $750 million in 2022 and $1.7 billion in 2024."
Yes they really need to rebalance this thing fast to get away from plug power and enphase skewing it! My other clean energy fund just hovers about at the minute compared to this having taken a massive hit in previous weeks.
However, if you believe long term this is going to be a 11 trillion dollar industry by 2050 then this shouldn't worry you as much.