Invesco WilderHill Clean Energy ETF (PBW) Target Price: $23.48 per unit, with 20.28% upside potential based on analyst targets of underlying holdings.

The Invesco WilderHill Clean Energy ETF (PBW) has an implied analyst target price of $23.48 per unit, with analysts seeing 20.28% upside from its recent trading price of $19.52. Three underlying holdings with notable upside to their analyst targets are Lithium Amers Corp Cda (LAC), FuelCell Energy Inc (FCEL), and Canadian Solar Inc (CSIQ).

Analysts are bullish on the Invesco WilderHill Clean Energy ETF (PBW), with an implied target price of $23.48 per unit, representing a 20.28% upside from its recent trading price of $19.52 [1]. The ETF, which tracks the WilderHill Clean Energy Index, is poised to benefit from the growing demand for clean energy solutions. Three notable holdings within the ETF—Lithium Americas Corp (LAC), FuelCell Energy Inc (FCEL), and Canadian Solar Inc (CSIQ)—are expected to drive this growth.

Lithium Americas Corp (LAC) has shown impressive performance, with a 13.29% YTD return compared to the S&P/TSX Composite index's 1.74% return [2]. The company's strong performance can be attributed to its strategic position in the lithium market, a critical component for clean energy technologies.

FuelCell Energy Inc (FCEL) has also garnered analyst attention, with B. Riley reducing its price target from $9 to $8 but maintaining a Neutral rating [3]. The company's focus on cost-cutting initiatives and the potential for growth in the fuel cell market are positive indicators for investors.

Canadian Solar Inc (CSIQ) is another strong performer within the ETF, with a 59.39% 1-year return and a 75.00% 3-year return [2]. The company's expertise in solar energy solutions positions it well to capitalize on the growing global demand for renewable energy.

In conclusion, the Invesco WilderHill Clean Energy ETF (PBW) offers a diversified portfolio of clean energy stocks with significant upside potential. Investors should closely monitor the performance of these underlying holdings as well as the broader clean energy sector for potential investment opportunities.

References:
[1] https://seekingalpha.com/news/4461266-invesco-wilderhill-clean-energy-etf-declares-quarterly-distribution-of-00392
[2] https://ca.finance.yahoo.com/quote/LAC.TO/
[3] https://finance.yahoo.com/news/b-riley-lowers-price-target-182406762.html