5 Best Energy ETFs: Top Oil, Gas and Renewable Energy Funds

3. SPDR Kensho Clean Power ETF (NYSE:CNRG)

5-Year Share Price Performance as of March 14: 82.00%

SPDR Kensho Clean Power ETF (NYSE:CNRG) aims to mirror the performance of the S&P Kensho Clean Power Index before fees and expenses. This index utilizes artificial intelligence and a quantitative weighting approach to identify companies driving innovation in the clean energy sector, including solar, wind, geothermal, and hydroelectric power. Established on October 22, 2018, the ETF’s portfolio consists of 49 stocks with an expense ratio of 0.45%. SPDR Kensho Clean Power ETF (NYSE:CNRG) is one of the best energy ETFs to buy. 

Nextracker Inc. (NASDAQ:NXT) is the largest holding of SPDR Kensho Clean Power ETF (NYSE:CNRG). Nextracker Inc. (NASDAQ:NXT) is a global energy solutions company specializing in solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects. On January 31, the company announced financial results for the third quarter ended December 31, 2023. Nextracker reported a non-GAAP EPS of $0.96 and a revenue of $710.43 million, exceeding Wall Street estimates by $0.47 and $92.94 million, respectively. 

According to Insider Monkey’s fourth quarter database, 33 hedge funds were bullish on Nextracker Inc. (NASDAQ:NXT), compared to 26 funds in the last quarter. 

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