Renewable Energy ETFs See Double-Digit Gains Amid Global Boom

The ALPS Clean Energy ETF (ACES) has returned 31.9% year-to-date, despite outflows. The fund tracks U.S. and Canada-listed companies in the clean energy industry, including solar, wind, electric vehicles, and battery storage. Top holdings include Nextracker Inc., Eos Energy Enterprises, and Tesla Inc. The U.S. ranks second globally in new solar growth, with wind and solar installations accounting for the majority of new power coming online. The clean energy boom is driven in part by businesses rushing to take advantage of Biden-era clean energy tax credits before they expire.