First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ: GRID)

에 대한 최신 뉴스 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID)

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index includes companies that are primarily engaged and involved in electric grid, electric meters and devices, networks, energy storage and management, and enabling software used by the smart grid infrastructure sector. The fund is non-diversified.

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Eaton Corp Plc Common Stock Usd 0.01

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First Trust Nasdaq Clean Edge Smart Grid Infrastructure Index Fund

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인공지능(AI) 발전에 따라 전력 수요에 대한 기대치의 변화가 더욱 분명해지고 있다. 중국 AI 회사인 딥시크의 등장으로 미래 전력 소비에 대한 불확실성이 야기되어 유틸리티 및 전력 주식에 영향을 미치고 있다.

딥시크로 인한 전력 수요 예측 의문, 유틸리티 주식 변동성 활용하는 ETF 3종목

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GRID BATTERY METALS INC by GRID BATTERY METALS INC.

Grid Battery Metals Inc

Grid Dynamics Holdings, Inc. - Class A Common Stock

Grid Dynamics Holdings Inc

Grid Metals Corp

Gridcoin

As AI develops, a shift in expectations for electricity demand is becoming more evident. The emergence of Chinese artificial intelligence company DeepSeek has led to uncertainty about future electricity consumption, impacting <a href="https://www.benzinga.com/topic/utilities">utility and power stocks. </a>
Investors in the traditional power and utilities sector are facing uncertainty after riding last year's wave of soaring demand projections. The rapid expansion of energy-intensive data centers—critical to AI and other tech innovations—had fueled a surge in power stocks. However, the question mark on this forecast has brought <a href="https://www.benzinga.com/etfs">power-focused ETFs</a> back into the limelight for the wrong reasons. Although experts believe this is most likely a temporary panic, here are 3 ETFs that may be less sensitive to short-term chaos:
Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) 
XLU provides exposure to major U.S. utility companies, including American Electric Power Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) and Southern Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>). The ETF is a popular choice for investors seeking stable returns and dividend income from regulated utilities, which are less sensitive to short-term market disruptions. The expense ratio is 0.09%.
Invesco S&amp;P 500 Equal Weight Utilities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPU#NYSE">RSPU</a>)
Traditional utility ETFs are market-cap weighted. On the contrary, this ETF assigns equal weight to its holdings, which allows the investor to spread out risks. It includes companies involved in electricity production, transmission, and renewable energy, making it a potential hedge against volatility in the energy sector. The expense ratio is 0.4%.
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>)
GRID focuses on companies engaged in smart grid technology, electrification infrastructure, and power transmission. As the U.S. accelerates its shift to renewable energy, investments in smart grids and electricity storage could benefit from long-term demand growth, regardless of AI-related fluctuations.
Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/01/43350500/deepseek-shakes-up-ai-stocks-3-healthcare-tech-etfs-offer-stability-innovation">DeepSeek Shakes Up AI Stocks: 3 Healthcare Tech ETFs Offer Stability, Innovation</a>
<h3 class="wp-block-heading">The AI Revolution and Its Impact on Power Demand</h3>
The DeepSeek issue challenges long-standing projections about electricity demand driven by AI data centers. DeepSeek&#8217;s AI model, reportedly uses &#8220;10 to 40 times less energy&#8221; than similar U.S. models, according to a <a href="https://www.eenews.net/articles/game-changer-what-deepseek-ai-means-for-electricity/">report </a>by E&amp;E News. 
Utilities and natural gas companies, which had been soaring on expectations of rising AI-driven electricity demand, suffered steep losses. According to Reuters, independent power provider Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) plunged by about 20%, Vistra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) dropped 30%, and Talen Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>) fell 22% after news of DeepSeek&#8217;s advancements hit.
While some experts believe this could reset expectations for power growth, others argue that broader electrification trends, including U.S. manufacturing expansion and cryptocurrency mining, will keep electricity demand high. 
&#8220;Overall electricity demand is still going to surge because other major drivers — particularly U.S. manufacturing and cryptocurrency — are not going to be affected by DeepSeek,&#8221; said Betsy Soehren Jones, managing director at West Monroe, as reported by E&amp;E News.
DeepSeek&#8217;s accomplishment could even cast doubt on nuclear power demand, which tech companies see as a key source of clean energy for AI development. Investors have expected high premiums for nuclear power, over $100/MWh, but new efficiency gains may change that, Jefferies said in a client note, <a href="https://www.argusmedia.com/en/news-and-insights/latest-market-news/2652323-deepseek-undermines-ai-power-demand-forecasts">according </a>to Argus Media. 
Lower AI data center power demand could also weaken support for next-generation small modular reactors (SMRs), backed by companies like Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43267966/deepseeks-low-cost-model-reshapes-ai-landscape-experts-predict-shift-to-application-layer">DeepSeek&#8217;s Low-Cost Model Reshapes AI Landscape: Experts Predict Shift To &#8216;Application Layer&#8217;</a>
<h3 class="wp-block-heading">What BofA Says About the Power and Utility Sector</h3>
A recent Bank of America (BofA) report suggests that the power and utility sector remains resilient despite the short-term market reaction to DeepSeek&#8217;s AI model. The report maintains a Buy rating on Constellation Energy with a revised price target of $366 and a Neutral rating on Vistra with a target of $183.
BofA analysts see the sell-off as an overreaction and expect data center demand to stay strong once the turbulence subsides.
The report describes DeepSeek as "more evolutionary than revolutionary" and that AI-driven data centers will continue to drive power consumption.
Additionally, BofA notes that supply and demand pressures in the energy market remain tight due to industrial expansion and electrification. The need for stable energy sources like nuclear power remains essential.
<h3 class="wp-block-heading">Will DeepSeek Really Change The Power Scenario?</h3>
While DeepSeek's AI model has introduced uncertainty in the short term, some analysts believe the sell-off in power stocks may be &#8220;short-sighted and short-lived,&#8221; as energy economist Ed Hirs noted, per a Reuters report. Even with more efficient AI models, demand for electricity is likely to rise due to continued digitalization and electrification.
All said, despite the sharp reaction in the market, broader trends in electrification and technology-driven growth suggest that electricity consumption will keep rising.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/25/01/43315374/ai-etfs-in-focus-as-alibaba-challenges-deepseek-with-new-model">AI ETFs In Focus As Alibaba Challenges DeepSeek With New Model</a></li>
</ul>
Photo: Sundry Photography/ Shutterstock.com

3 ETFs To Navigate Utility Stock Volatility As DeepSeek Challenges Power Demand Forecasts

Investors are zeroing in on what <a href="https://www.benzinga.com/general/politics">potential political outcomes</a> in the U.S. elections Tuesday could mean for the markets.
WisdomTree's Global CIO, Jeremy Schwartz and Senior Economist Jeremy Siegel have shared insights on how a Republican or Democratic win could shape sectors across both the equity and bond markets.
Here's what WisdomTree sees on the horizon.
<h2 class="wp-block-heading">Bond Market Volatility: How Policy Could Shape Yields</h2>
Siegel said bond markets are primed for volatility, with each election outcome pointing to different scenarios for interest rates and yields. A Republican sweep, accompanied by tax cuts and heightened fiscal spending, could push bond yields upward by 20 basis points or more, he said. In this scenario, investors might brace for inflationary pressures and potentially tighter monetary policy, which would counterbalance any short-term equity gains.
On the flip side, a Democratic sweep is seen as a stabilizing force for bonds, with expectations for moderated spending and pro-growth fiscal restraint. 
WisdomTree's Kevin Flanagan, head of fixed income strategy, notes that Democratic policies might offer a predictable, low-volatility environment that helps maintain steady rates and tempers inflation concerns.
A divided government could yield the "best case" for bonds, creating stability through gridlock that limits sweeping fiscal changes and curbs deficit growth.
<h2 class="wp-block-heading">Equity Market Winners: Mag 7 In Focus Under GOP, Infrastructure &amp; Clean Energy For Democrats</h2>
For equity markets, each scenario presents distinct opportunities, particularly in the growth-oriented and infrastructure sectors. Under a Republican administration, WisdomTree expects an initial boost in stocks like the Magnificent Seven: (Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). 
The Magnificent Seven stocks could be driven by extended tax cuts, reduced regulation, and potential capital gains exemptions.
The Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>) provides exposure to the Magnificent Seven stocks along with other popular tech-heavy ETFs such as the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), the Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>).
This favorable backdrop for the tech-heavy sector could stimulate momentum, although Siegel cautions that rising yields might cap equity gains by pressuring valuations.
In contrast, a Democratic sweep would likely favor sectors tied to clean energy and infrastructure. With a focus on the Inflation Reduction Act, the Democratic agenda is expected to channel substantial support into solar, hydrogen and renewable energy projects. The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) provides exposure to solar stocks.
Read Also: <a href="https://www.benzinga.com/markets/esg/24/11/41722922/trump-vs-harris-evgo-cleveland-cliffs-plug-power-nucor-brace-for-2024-election-impact">Trump Vs. Harris: EVgo, Cleveland-Cliffs, Plug Power, Nucor Brace For 2024 Election Impact</a>
This shift would likely benefit clean energy stocks while weighing on small-cap stocks with high U.S. revenue exposure, as they would face the most significant earnings impact from higher corporate tax rates. 
Investors in clean energy ETFs such as the iShares Global Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NYSE">ICLN</a>) and First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NYSE">GRID</a>) and those invested in small-cap stocks via ETFs such as the iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>) or the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) should be wary of their holdings.
According to Wisdom Tree, Democratic leadership could also benefit international markets, as the reduced likelihood of higher tariffs might ease trade concerns and foster demand.
<h2 class="wp-block-heading">Navigating The Election Landscape</h2>
Beyond direct impacts on stocks and bonds, WisdomTree suggests that a blend of strategies, such as private credit, inflation hedges like gold, and international exposure with currency hedging, may help investors manage market uncertainty.
Trade policies, inflation, and the Federal Reserve's trajectory are all likely to play roles in shaping post-election strategies, underscoring the value of a diversified approach.
As the U.S. awaits the election results, WisdomTree's analysis highlights a divided outlook for investors. Whether the election ushers in policies that lift the Magnificent Seven stocks or bolsters the bond market, each scenario brings unique opportunities and risks to watch in the weeks ahead.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41746843/bond-market-fear-gauge-soars-to-1-year-high-ahead-of-us-election-results-bond-vigil">Bond Market Fear Gauge Soars To 1-Year High Ahead Of US Election Results: &#8216;Bond Vigilantes Have Been Voting Early&#8217;</a></li>
</ul>
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iShares S&P Global Clean Energy Index Fund

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Republican Win Likely To Lift Magnificent 7 Stocks, Democratic Sweep 'Better For Bonds,' Says WisdomTree

Clean energy jobs grew at <a href="https://www.benzinga.com/news/earnings/24/07/40051107/first-solar-reports-strong-q2-results-eps-beat-sales-up-24">twice the rate </a>of overall jobs in the U.S. in 2023, according to a report from the U.S. Department of Energy (DOE) released on Wednesday.
Jobs in that sector grew by 4.2%, or 142,000 positions, last year, compared to a job growth rate of 2.0% in the overall economy, the 2024 U.S. Energy and Employment Report (USEER) showed.
The report also revealed that unionization rates in clean energy reached 12.4% in 2023, surpassing a unionization rate of 11% for the entire energy sector, which added 250,000 jobs last year.
Clean energy sectors that experienced the greatest growth last year were zero-emission vehicle and renewable energy, as well as transmission, distribution and storage, according to the report.
 "Our policies are working. We are now starting to see the job impacts of investments made through the infrastructure and inflation reduction laws &#8211; first in construction and as America builds more of these factories, we'll see hundreds of thousands more," U.S. Secretary of Energy Jennifer M. Granholm said in a statement.
Read Also: <a href="https://www.benzinga.com/etfs/sector-etfs/24/07/39993019/everythings-bigger-in-texas-lone-star-state-will-build-more-clean-energy-than-next-10-states-com">Everything&#8217;s Bigger In Texas: Lone Star State Will Build More Clean Energy Than Next 10 States Combined</a>
"The data clearly show that clean energy means jobs – good jobs, union jobs, and jobs retained – in communities across the country as we race to dominate the global clean energy economy," Granholm added.
Clean energy jobs grew in all 50 states and the District of Columbia in 2023, led by a 7.7% increase in Idaho, followed by Texas at 6.0%, and New Mexico at 5.9%.
The solar and wind sectors reported respective job growth of 5.3% and 4.5% in 2023, the report stated.
 The DOE projects that the Inflation Reduction Act will double the share of electricity generation from clean sources by 2030, driven by growth in solar and wind. 
The report also said that there were 28,000 jobs in the U.S. last year that involved building new battery and solar module factories, ports for offshore wind, and warehouses to store and transport clean energy products.
&#8220;Thanks to the Biden-Harris administration&#8217;s historic investments, clean energy jobs are booming in every single state,&#8221; AFL-CIO President Liz Shuler said in a statement.
Price Action: Solar and wind companies are trending in both directions as of Wednesday&#8217;s early-morning trading.
<ul>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) declined 0.05% to $122.53</li>
<li>Brookfield Renewables L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>) gained 0.16% to $25.05</li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) slipped 1.40% to $182.96</li>
<li>Vestas Wind Systems A/S (OTCPK: VWDRY) ticked up 0.13% to $7.62I</li>
</ul>
Exchange-traded funds that hold these stocks also saw gains and losses on Wednesday morning.
<ul>
<li>IShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) gained 0.21%</li>
<li>First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>) slipped 0.03%</li>
<li>Invesco Solar ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) ticked down 0.42%</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/08/40585808/tesla-energy-highlights-texas-record-breaking-battery-power-milestone-could-powerwall-have-its-momen">Tesla Energy Highlights Texas Battery Power Milestone: Could Powerwall Have Moment In Spotlight?</a></li>
</ul>
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Clean Energy Jobs Grow Twice As Fast As Overall Job Market In 2023: 'Our Policies Are Working'

The summer of 2024 <a href="https://www.benzinga.com//node/40112086">keeps on breaking temperature records</a>.
Globally, July 2024 was the second hottest July in history after July 2023, according to a Thursday report by the European Union&#8217;s Copernicus Climate Change Service.
Global averages take into consideration the entire world's temperature, including the Southern Hemisphere, where winter occurs between June and September.
This July was cooler than last year's by just approximately 1 degree Farenheit (0.04 degrees Celsius), yet it was the hottest month on record for some regions, including the Western U.S. and Canada, as well as most of Africa, the Middle East and Asia.
Having a slightly less warm July than last year is no cause for celebration. July 2024 was the first time in 13 months that average temperatures didn't beat the previous historical record for that month and it hosted the two hottest days on record globally.&nbsp;
&#8220;We are not done with temperature records causing heatwaves &#8230; We know this long-term warming trend can be, with a very high level of confidence, related to the human impact on climate,&#8221; said Julien Nicolas, a climate researcher with Copernicus, to Reuters.
 July 2024 was on average 2.7 degrees Fahrenheit (1.48 degrees Celsius) higher than pre-industrial levels on a global basis. 
In California, this July was the hottest month on record, with an average statewide temperature of 81.5 degrees Fahrenheit (27.5 degrees Celsius), beating the previous record of 79.8 degrees Fahrenheit (26.5 degrees Celius) set in July 2021, the San Francisco Chronicle <a href="https://www.sfchronicle.com/weather/article/record-hottest-july-california-19621377.php">reports</a>.
Death Valley, known for holding the record for the hottest place on earth, recorded its hottest month in history during July. The Death Valley National Park registered a 24-hour average of 108.5 degrees Fahrenheit (42.5 degrees Celsius) and a daily peak average of 121.9 degrees Fahrenheit (50 degrees Celsius).
Needles, a small town in California, dethroned Phoenix, Arizona as the hottest urban center in the country, with an average monthly temperature of 103.2 degrees Fahrenheit (39.5 degrees Celsius).
Read Also: <a href="https://www.benzinga.com//node/39804299">Scorching Heat Breaks Records, But 2024 Election Outcome May Hold Worker Protections Hostage</a>
<h1 class="wp-block-heading">Rising Temperatures: Stocks To Watch</h1>
The rising temperatures present an opportunity for investors, who might look at companies and sectors expected to grow in an increasingly warm Earth.
Companies producing air-conditioning units are first in line. Rising temperatures <a href="https://www.benzinga.com//node/39463207">will increase the need for air conditioning</a>. Companies in this sector may also see an increase in sales due to worsening air quality in major urban centers.
Valued at $138 billion in 2022, the air-conditioner market is expected to grow to $253 billion by 2031, according to a report by SkyQuest. This includes an average yearly growth of almost 7% between 2024 and 2031.
In North America, the total market for air-conditioners currently stands at $24.6 billion and is expected to reach $35.6 billion in 2030, as per a GrandView Research report.
<ul>
<li>Carrier Global Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) shares recovered this week from <a href="https://www.benzinga.com/news/24/08/40169330/nvidia-microsoft-apple-amazon-erase-1-1-trillion-in-monday-sell-off-bubble-burst-or-market-correctio">the recent stock sell-off</a> and are up 17% in the last six months.</li>
<li>Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) is one of the largest producers of air-conditioners. Its shares have underperformed the market in recent periods although the company leads about 25% of the home appliance market in the U.S. In June, German appliance maker Bosch <a href="https://www.benzinga.com/markets/equities/24/06/39532615/bosch-bid-hype-fades-but-analyst-sees-whirlpools-potential">revealed interest in acquiring Whirlpool</a>, though a bid has not been confirmed. The company is down 10.7% on the month.</li>
<li>Emerson Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) is trading at a discount. The company recovered 4.7% on Thursday after experiencing a 10.9% drop since August began.</li>
</ul>
Companies producing weather insulation for residential and commercial buildings also stand to grow from rising temperatures.
Some of the largest public companies in this business include Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>), TopBuild Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLD#NYSE">BLD</a>) and Beacon Roofing Supply Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>).
An indirect consequence of global warming is a shift in consumer preferences towards non-emitting sources of energy, as greenhouse gas emissions from fossil fuels represent some of the largest contributors to global warming.
There are several ETFs following the green energy sector.
<ul>
<li>iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) has performed poorly since January, down over 9% year-to-date.</li>
<li>First Trust NASDAQ Cln Edge Smart Grid Infra Ix Fd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>) yielded much better performance and is up 9.5% since January.</li>
<li>Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) is down 22.8% since January.</li>
</ul>
Individual companies in the clean energy sector have performed better in recent times than some of its ETFs.
<ul>
<li>First Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) is up 48.7% in the last six months.</li>
<li>GE Vernova Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), a recent spin-off from General Electric, went public in March and its stock is up 34% since then.</li>
<li>Constellation Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) has been one of the best performers in the clean energy sector, up 61% since January.</li>
</ul>
Now Read:&nbsp;
<ul>
<li><a href="https://www.benzinga.com//node/40095631">Researchers Identify &#8216;Trump Dump&#8217; Effect: Ex-President Is Already Causing Deep Stock Losses In Companies And Industries He Targets</a></li>
</ul>
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Stocks To Buy As World Temperatures Rise: July 2024 Was The Hottest Month Ever For Some Regions

Texas has emerged as the United States&#8217; <a href="https://www.benzinga.com/topic/clean-energy">clean-energy powerhouse</a> as future green energy capacity in the Lone Star State far surpasses other states. 
The Data: A <a href="https://x.com/curious_founder/status/1816488340155248653">post</a> on X by Michael Thomas relayed data from the Energy Information Administration.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Over the next 18 months, Texas is expected to build more clean energy than any other state. The state will build twice as much clean energy capacity as the next two states—California and Arizona—combined.<a href="https://t.co/rbMvmsigbt">https://t.co/rbMvmsigbt</a> &#x1f9f5; <a href="https://t.co/i41QEERefm">pic.twitter.com/i41QEERefm</a>
&mdash; Michael Thomas (@curious_founder) <a href="https://twitter.com/curious_founder/status/1816488340155248653?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Texas plans to build 35.6 gigawatts of clean energy capacity in the near future, more than half of which is solar. This is more than the next 10 states combined and double the capacity of the second and third largest: California and Arizona.</figcaption></figure>
The data includes projects that have permits and plans to reach commercial operation in the next 18 months.
Why it Matters: Texas&#8217; <a href="https://www.benzinga.com/markets/esg/24/05/39012502/california-loses-the-solar-crown-whos-americas-new-energy-star">green energy champion status</a> may surprise many observers; its high clean energy capacity is belied by the fact that it is generally defined as a Republican state. Conservative lawmakers have historically criticized green energy in favor of fossil fuels.
The data is unsurprising, though, given Texas&#8217; geography and climate. It is the second-largest <a href="https://www.census.gov/geographies/reference-files/2010/geo/state-area.html">state</a> by area and enjoys high sunlight coverage relative to other states, given its southern location. It is also relatively flat, its topology is favorable for building cheaply. Finally, Northern Texas is an especially windy region of the U.S.
The green energy capacity increase is necessitated by the fact that the state is rapidly growing in population. In addition, many energy-intensive Bitcoin miners <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34368164/bitcoin-miners-hit-pause-in-texas-as-energy-crisis-stalls-operations">operate in the state</a>.
For investors interested in the green energy sector, here are three ETFs to consider:
<ul>
<li>iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>)</li>
<li>First Trust NASDAQ Cln Edge Smart Grid Infra Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>)</li>
<li>Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>)</li>
</ul>
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</ul>
Image created using artificial intelligence via Midjourney.

Everything's Bigger In Texas: Lone Star State Will Build More Clean Energy Than Next 10 States Combined

Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) shares <a href="https://www.benzinga.com/insights/analyst-ratings/24/07/39716772/a-glimpse-into-the-expert-outlook-on-johnson-controls-intl-through-8-analysts">are trading higher</a> after the company agreed to sell its Residential and Light Commercial (R&amp;LC) HVAC business to the Bosch Group.
The total transaction is valued at $8.1 billion, with Johnson Controls&#8217; share of around $6.7 billion.
The transaction includes $4.6 billion for its North America Ducted business (16.7x fiscal 2023 EBITDA) and $2.1 billion for its stake in the Johnson Controls-Hitachi Air Conditioning joint venture (7.5x fiscal 2023 EBITDA) in which Johnson Controls holds a 60% stake, and Hitachi owns 40%.
Johnson Controls is projected to receive net cash proceeds of around $5.0 billion after taxes and transaction-related costs.
Following its capital allocation policy, Johnson Controls plans to use the proceeds to reduce debt and maintain its investment-grade rating, with the remaining funds to be returned to shareholders.
The transaction is anticipated to enhance profit margins once it is adjusted for the effects of equity income.
The transaction is anticipated to close in about 12 months, pending regulatory approvals and standard conditions, with the R&amp;LC HVAC business to be reported as discontinued operations starting in Q4 2024.
As part of its ongoing transformation and this transaction, the company is developing a restructuring plan to minimize post-close dilution, leveraging recent functionalization efforts and focusing on strengthening its commercial buildings solutions business.
Johnson Controls expects third-quarter 2024 adjusted EPS <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">to exceed its prior guidance slightly</a>.
The company anticipates to<a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener"> report earnings on July 31</a>.
Investors can gain exposure to the stock via&nbsp;First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>) and Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCSO#NASDAQ">CCSO</a>).
Price Action: JCI shares are trading lower by 1.81% at $68.94 at the last check Tuesday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Image created using artificial intelligence via Midjourney.

Equities

Large Cap

Asset Sales

CCSO

Johnson Controls To Boost Profit Margins With $8.1B Bosch Deal

Oil stocks fell early Monday amid concerns that Vice President Kamala Harris could take a tougher stance on the oil and gas industry if she becomes the Democratic presidential nominee and wins the <a href="https://www.benzinga.com/general/politics">race for the White House.</a>
As California attorney general, Harris filed lawsuits against fossil fuel companies, supported reducing greenhouse gas emissions, and pushed for a ban on fracking, <a href="https://www.offshore-technology.com/news/will-kamala-harris-take-a-stronger-stance-than-biden-against-oil-and-gas-industry/?cf-view">according</a> to Offshore Technology. Harris has also been critical of offshore oil exploration and defended California's Low Carbon Fuel Standard.
This potential shift in the political landscape has investors worried, with oil majors seeing declines on Monday.
<h2 class="wp-block-heading">Oil Stocks Feeling The Heat</h2>
At the time of publication, Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) was down 0.69% to $158.06, Marathon Oil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) fell by 0.97% to $28.44, Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) decreased by 0.15% to $115.92, ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) slipped 1.17% to $112.99, and EOG Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>) saw a drop of 0.72% to $128.32.
ETFs tied to the oil sector mirrored this downward trend. The Energy Select Sector SPDR Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) was down 0.23%, Vanguard Energy Index Fund ETF Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDE#NYSE">VDE</a>) fell by 0.19%, and the iShares U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYE#NYSE">IYE</a>) declined by 0.27%.
<h2 class="wp-block-heading">Renewables Traded In Green</h2>
Meanwhile, ETFs focused on renewable energy stocks were in the green, reflecting optimism about a potential shift towards clean energy under a potential Harris administration. The iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) was up 0.51%, and the GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>) rose by 1.11%.
Read Also:<a href="https://www.benzinga.com/news/24/07/39883677/investors-anticipate-unraveling-of-trump-trade-as-biden-exits-presidential-race-but-analyst-says-its"> Investors Anticipate Unraveling Of &#8216;Trump Trade&#8217; As Biden Exits Presidential Race, But Analyst Says &#8216;It&#8217;s A Bit Too Early For The Markets To Declare Victory For Trump&#8217;</a>
<h2 class="wp-block-heading">Harris&#8217; Green Policies, Push For Renewables</h2>
The market&#8217;s reaction highlights investor concerns that Harris, known for her environmental advocacy, could enforce stricter regulations on fossil fuels and bolster support for renewable energy initiatives. As Vice President, Harris has supported various green policies, and her presidential campaign is expected to intensify the push towards renewable energy, potentially at the expense of traditional oil and gas companies.
Oil majors have reason to be cautious. If Harris runs for president and wins, her administration might focus on climate policies, including reducing carbon emissions and increasing funding for renewable energy projects. This shift could result in higher compliance costs and stricter regulatory requirements for the oil industry, potentially affecting their profitability.
<h2 class="wp-block-heading">Harris&#8217; Potential Leadership Signals A Greener Future</h2>
The early trading slump in oil stocks underscores the market&#8217;s sensitivity to political developments, especially those that could significantly alter the energy sector&#8217;s landscape. In contrast, the positive movement in renewable energy ETFs suggests that investors are betting on a greener future under Harris&#8217;s potential leadership.
As the political climate heats up, oil majors might need to brace for a more challenging operating environment. The question on everyone&#8217;s mind: Will Harris&#8217;s potential presidency mean a seismic shift for the energy sector? Industry leaders are closely watching and preparing for any regulatory adjustments that may arise.
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Photo: Shutterstock

Specialty ETFs

Commodities

Movers

iShares Dow Jones US Energy Sector Index Fund

What A Kamala Harris Presidency Could Mean For Oil Stocks: Chevron, Marathon Move Lower

Eaton Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) on Tuesday reported a first-quarter FY24 net sales growth of 8% Y/Y to $5.94 billion, beating <a href="https://www.benzinga.com/pressreleases/24/04/b38513573/eaton-reports-record-first-quarter-2024-results-with-strong-orders-and-backlog-growth" target="_blank" rel="noreferrer noopener">the consensus of $5.91 billion</a>.
Organic growth of 8% Y/Y was at the high end of guidance in the quarter.
Sales by segments: Electrical Americas $2.7 billion (+17% Y/Y), Electrical Global $1.5 billion (flat Y/Y), Aerospace $871 million (+9% Y/Y), Vehicle $724 million (-2% Y/Y) and eMobility $158 million (+7% Y/Y).
Eaton reported strong growth in the Electrical sector backlog, up 27% with a book-to-bill ratio of 1.2, and the Aerospace backlog, up 11% with a book-to-bill ratio of 1.1.
Total segment operating profit margin expanded by 340 bps Y/Y to 23.1%.
Eaton&#8217;s operating cash flow in the quarter was $475 million, up 42% Y/Y, and free cash flow was $292 million (+40% Y/Y).
Adjusted EPS improved 28% Y/Y to $2.40,&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beating the consensus of $2.29</a>.
Craig Arnold, Eaton chairman and chief executive officer said,  &#8220;Growth drivers like increased project activity tied to megatrends, reindustrialization and infrastructure spending continue to drive demand for Eaton&#8217;s solutions across our markets, and we remain very confident in our teams&#8217; ability to execute on our increased targets for the year.&#8221; 
&#8220;We capitalized on strong growth in our business to start the year, resulting in strong order growth in Electrical and Aerospace and first quarter record segment margins.&#8221;
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38110782/eaton-is-poised-to-benefit-from-ongoing-electrical-super-cycle-says-bullish-analyst" rel="noreferrer noopener">Eaton Is Poised To Benefit From &#8216;Ongoing Electrical Super-Cycle,&#8217; Says Bullish Analyst</a>
Q2 FY24 Outlook: The company expected&nbsp;Adjusted EPS of $2.52-$2.62 versus&nbsp;$2.50 consensus, organic revenue growth of 6.5%-8.5%, and segment operating margins of 22.4%-22.8%.
FY24 Guidance, raised:&nbsp;Eaton increased&nbsp;adjusted EPS to $10.20-$10.60&nbsp;(from&nbsp;$9.95-$10.35&nbsp;prior) vs.&nbsp;$10.25&nbsp;estimate, organic revenue growth to 7%-9% (from 6.5%-8.5%) and segment operating margins to&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">22.8%-23.2% (from 22.4%-22.8%)</a>.
Investors can gain exposure to the stock via&nbsp;First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>) and&nbsp;Neuberger Berman ETF Trust Neuberger Berman Carbon Transition Infrastructure ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBCT#NYSE">NBCT</a>).
Price Action: ETN shares are down 1.4% at $321.93 at last check Tuesday.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38519395/goldman-sachs-tempers-investor-excitement-on-tesla-self-driving-not-yet-an-eyes-off">Goldman Sachs Tempers Investor Excitement On Tesla Self-Driving Tech In China: &#8216;Not Yet An Eyes-Off, Unsupervised Product&#8217;</a>
Photo: Shutterstock

Earnings

Guidance

NBCT

Eaton Boosts 2024 Guidance As Electrical And Aerospace Sectors Excel

<h3>Companies Reporting Before The Bell</h3>
&bull; Super Group (SGHC) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGHC#NYSE">SGHC</a>) is projected to report quarterly earnings at $0.07 per share on revenue of $314.67 million.
&bull; Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) is projected to report earnings for its fourth quarter.
&bull; Cipher Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) is likely to report quarterly loss at $0.06 per share on revenue of $4.60 million.
&bull; ZeroFox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZFOX#NASDAQ">ZFOX</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $42.55 million.
&bull; Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $689.71 million.
&bull; SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) is likely to report earnings for its fourth quarter.
&bull; Agenus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGEN#NASDAQ">AGEN</a>) is expected to report quarterly loss at $0.22 per share on revenue of $17.83 million.
&bull; iSpecimen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPC#NASDAQ">ISPC</a>) is likely to report quarterly loss at $0.37 per share on revenue of $2.67 million.
&bull; McEwen Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUX#NYSE">MUX</a>) is likely to report earnings for its fourth quarter.
&bull; Ondas Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONDS#NASDAQ">ONDS</a>) is expected to report quarterly loss at $0.42 per share on revenue of $400 thousand.
&bull; Kopin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>) is likely to report quarterly loss at $0.03 per share on revenue of $11.18 million.
&bull; Virios Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRI#NASDAQ">VIRI</a>) is likely to report earnings for its fourth quarter.
&bull; IHS Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHS#NYSE">IHS</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $486.84 million.
&bull; Emerald Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEX#NYSE">EEX</a>) is projected to report earnings for its fourth quarter.
&bull; J.Jill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JILL#NYSE">JILL</a>) is expected to report quarterly loss at $0.10 per share on revenue of $143.00 million.
&bull; Spark Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOV#NASDAQ">LOV</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $46.73 million.
&bull; Axogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXGN#NASDAQ">AXGN</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $36.20 million.
&bull; Core Molding Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CMT#AMEX">CMT</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $77.60 million.
&bull; MoneyLion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $90.55 million.
&bull; Hagerty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HGTY#NYSE">HGTY</a>) is projected to report quarterly loss at $0.08 per share on revenue of $198.58 million.
&bull; Blade Air Mobility (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDE#NASDAQ">BLDE</a>) is expected to report quarterly loss at $0.17 per share on revenue of $35.96 million.
<h3>Companies Reporting After The Bell</h3>
&bull; BRT Apartments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRT#NYSE">BRT</a>) is projected to report earnings for its fourth quarter.
&bull; SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) is projected to report quarterly loss at $0.16 per share on revenue of $124.66 million.
&bull; Grove Collaborative Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NYSE">GROV</a>) is likely to report quarterly loss at $0.09 per share on revenue of $69.00 million.
&bull; Casa Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASA#NASDAQ">CASA</a>) is projected to report quarterly loss at $0.07 per share on revenue of $78.58 million.
&bull; StoneCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) is projected to report quarterly earnings at $0.12 per share on revenue of $521.30 million.
&bull; Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) is likely to report quarterly loss at $0.01 per share on revenue of $206.19 million.
&bull; American Public Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APEI#NASDAQ">APEI</a>) is likely to report quarterly loss at $0.17 per share on revenue of $152.63 million.
&bull; Beachbody Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BODY#NYSE">BODY</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $146.38 million.
&bull; Yield10 Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YTEN#NASDAQ">YTEN</a>) is likely to report quarterly loss at $0.60 per share on revenue of $120 thousand.
&bull; Performant Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFMT#NASDAQ">PFMT</a>) is projected to report quarterly loss at $0.02 per share on revenue of $29.90 million.
&bull; Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) is expected to report quarterly earnings at $1.30 per share on revenue of $772.00 million.
&bull; PFSweb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFSW#NASDAQ">PFSW</a>) is projected to report earnings for its fourth quarter.
&bull; ENDRA Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) is likely to report earnings for its fourth quarter.
&bull; Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) is projected to report quarterly earnings at $1.55 per share on revenue of $5.92 billion.
&bull; Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) is likely to report earnings for its fourth quarter.
&bull; Westrock Coffee (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEST#NASDAQ">WEST</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $232.27 million.
&bull; Laird Superfood (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LSF#AMEX">LSF</a>) is expected to report quarterly loss at $0.71 per share on revenue of $9.28 million.
&bull; Crexendo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXDO#NASDAQ">CXDO</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $10.68 million.
&bull; FinVolution Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FINV#NYSE">FINV</a>) is projected to report earnings for its fourth quarter.
&bull; Snap One Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPO#NASDAQ">SNPO</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $252.88 million.
&bull; Vacasa (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCSA#NASDAQ">VCSA</a>) is expected to report quarterly loss at $0.38 per share on revenue of $206.23 million.
&bull; Skillz (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKLZ#NYSE">SKLZ</a>) is projected to report quarterly loss at $0.12 per share on revenue of $48.71 million.
&bull; Porch Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCH#NASDAQ">PRCH</a>) is projected to report quarterly loss at $0.28 per share on revenue of $66.28 million.
&bull; Luna Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNA#NASDAQ">LUNA</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $32.36 million.
&bull; Lulus Fashion Lounge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVLU#NASDAQ">LVLU</a>) is projected to report quarterly loss at $0.11 per share on revenue of $81.99 million.
&bull; GeneDx Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $70.95 million.
&bull; Custom Truck One Source (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTOS#NYSE">CTOS</a>) is likely to report quarterly earnings at $0.11 per share on revenue of $429.91 million.
&bull; Orion Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORN#NYSE">ORN</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $167.72 million.
&bull; Eastern Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EML#NASDAQ">EML</a>) is likely to report earnings for its fourth quarter.
&bull; FutureFuel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FF#NYSE">FF</a>) is expected to report earnings for its fourth quarter.
&bull; Cepton (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPTN#NASDAQ">CPTN</a>) is estimated to report quarterly loss at $0.10 per share on revenue of $2.32 million.
&bull; First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>) is expected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AGEN

APEI

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BODY

CASA

CIFR

CPTN

CTOS

CXDO

FINV

GROV

HGTY

ISPC

JILL

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LUNA

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ONDS

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STNE

VATE

VCSA

VIRI

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Earnings Scheduled For March 14, 2023

&nbsp;
<h3>Companies Reporting Before The Bell</h3>
&bull; AYRO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AYRO#NASDAQ">AYRO</a>) is expected to report earnings for its fourth quarter.
&bull; First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>) is projected to report earnings for its fourth quarter.
&bull; REX American Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REX#NYSE">REX</a>) is likely to report quarterly earnings at $4.81 per share on revenue of $212.00 million.
&bull; Aspira Womens Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWH#NASDAQ">AWH</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $1.84 million.
&bull; Vascular Biogenics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBLT#NASDAQ">VBLT</a>) is estimated to report quarterly loss at $0.09 per share on revenue of $200.00 thousand.
&bull; PDS Biotechnology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDSB#NASDAQ">PDSB</a>) is likely to report earnings for its fourth quarter.
&bull; Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $641.63 million.
&bull; Kanzhun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZ#NASDAQ">BZ</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $163.13 million.
&bull; Waterdrop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) is estimated to report quarterly loss at $0.08 per share on revenue of $83.15 million.
&bull; JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) is likely to report quarterly earnings at $0.90 per share on revenue of $2.15 billion.
&bull; Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) is estimated to report quarterly earnings at $2.43 per share on revenue of $1.91 billion.
&bull; Enerpac Tool Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAC#NYSE">EPAC</a>) is likely to report quarterly earnings at $0.13 per share on revenue of $128.23 million.
&bull; EVgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) is expected to report quarterly loss at $0.12 per share on revenue of $6.17 million.
&bull; First Watch Restaurant Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRG#NASDAQ">FWRG</a>) is expected to report quarterly loss at $0.08 per share on revenue of $159.66 million.
&bull; Winnebago Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) is likely to report quarterly earnings at $2.94 per share on revenue of $1.10 billion.
&bull; Carter Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARE#NASDAQ">CARE</a>) is projected to report earnings for its fourth quarter.
&bull; First Advantage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FA#NASDAQ">FA</a>) is likely to report quarterly earnings at $0.21 per share on revenue of $184.90 million.
&bull; Agrify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) is projected to report quarterly loss at $0.31 per share on revenue of $27.84 million.
&bull; Huazhu Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $530.15 million.
&bull; Mogo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOGO#NASDAQ">MOGO</a>) is likely to report quarterly loss at $0.14 per share on revenue of $15.94 million.
&bull; General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) is projected to report quarterly earnings at $0.78 per share on revenue of $4.56 billion.
&bull; Clear Secure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) is likely to report quarterly loss at $0.24 per share on revenue of $78.12 million.
&bull; Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $21.39 million.
&bull; Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is expected to report earnings for its fourth quarter.
&bull; EQRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQRX#NASDAQ">EQRX</a>) is expected to report earnings for its fourth quarter.
&nbsp;
<h3>Companies Reporting After The Bell</h3>
&bull; Ra Medical Systems (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RMED#AMEX">RMED</a>) is estimated to report earnings for its fourth quarter.
&bull; Journey Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DERM#NASDAQ">DERM</a>) is likely to report quarterly loss at $0.41 per share on revenue of $20.40 million.
&bull; Trip.com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) is projected to report quarterly loss at $0.09 per share on revenue of $668.92 million.
&bull; Corporacion America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAAP#NYSE">CAAP</a>) is likely to report quarterly loss at $0.07 per share on revenue of $206.43 million.
&bull; Relmada Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLMD#NASDAQ">RLMD</a>) is estimated to report earnings for its fourth quarter.
&bull; Exscientia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAI#NASDAQ">EXAI</a>) is expected to report quarterly loss at $0.24 per share on revenue of $4.17 million.
&bull; Navidea Biopharmaceutical (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NAVB#AMEX">NAVB</a>) is projected to report quarterly loss at $0.03 per share on revenue of $1.80 million.
&bull; Paymentus Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) is likely to report earnings for its fourth quarter.
&bull; Sonendo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONX#NYSE">SONX</a>) is estimated to report quarterly loss at $0.50 per share on revenue of $9.24 million.
&bull; Convey Health Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNVY#NYSE">CNVY</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $97.05 million.
&bull; Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $199.00 million.
&bull; H.B. Fuller (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $817.14 million.
&bull; Traeger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOK#NYSE">COOK</a>) is estimated to report quarterly loss at $0.05 per share on revenue of $157.19 million.
&bull; Steelcase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) is projected to report earnings for its fourth quarter.
&bull; Celcuity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELC#NASDAQ">CELC</a>) is projected to report earnings for its fourth quarter.
&bull; KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) is likely to report quarterly earnings at $1.56 per share on revenue of $1.50 billion.
&bull; Ollie&#39;s Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) is expected to report quarterly earnings at $0.66 per share on revenue of $513.13 million.
&bull; Oxford Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) is likely to report quarterly earnings at $1.43 per share on revenue of $294.63 million.
&bull; Karat Packaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRT#NASDAQ">KRT</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $95.65 million.
&bull; Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) is expected to report quarterly loss at $0.04 per share on revenue of $5.03 million.
&bull; Aptinyx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTX#NASDAQ">APTX</a>) is likely to report earnings for its fourth quarter.
&bull; NextNav (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $1.22 million.
&bull; Enjoy Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENJY#NASDAQ">ENJY</a>) is projected to report quarterly loss at $0.43 per share on revenue of $24.85 million.
&bull; Sientra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIEN#NASDAQ">SIEN</a>) is likely to report quarterly loss at $0.19 per share on revenue of $21.48 million.
&bull; Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) is expected to report earnings for its fourth quarter.
&bull; ReneSola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOL#NYSE">SOL</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $24.89 million.
&bull; Modiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDV#NYSE">MDV</a>) is likely to report earnings for its fourth quarter.
&bull; Hyperfine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYPR#NASDAQ">HYPR</a>) is likely to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Pre-Market Outlook

AGFY

APTX

AYRO

CAAP

CARE

CELC

CNVY

COOK

CTAS

DERM

ELTK

ENJY

EPAC

EQRX

EVGO

EXAI

FWRG

HTHT

HYPR

HYZN

MOGO

NAVB

OLLI

PDSB

PHUN

RLMD

RMED

SIEN

SONX

TCOM

VBLT

Earnings Scheduled For March 23, 2022

Intel Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) CEO Patrick Gelsinger took aim at Bitcoin&rsquo;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) detrimental impact on the environment.
What Happened: In an interview with <a href="https://www.youtube.com/watch?v=zx77Sw1j480">Bloomberg</a>, Gelsinger reiterated his belief that Bitcoin was &ldquo;bad design, extreme and climate intolerant.&rdquo;
&quot;A single ledger entry in Bitcoin consumes enough energy to power your house for almost a day. That&#39;s a climate crisis,&quot; said Gelsinger.
However, the Intel CEO went on to state that just because the process of mining Bitcoin is not energy efficient, it doesn&#39;t&nbsp;mean the technology behind the asset isn&rsquo;t good.
Gelsinger explained that Intel&rsquo;s upcoming Bitcoin mining microchip would be &ldquo;dramatically better&rdquo; in terms of the power of performance.
&ldquo;So we&rsquo;re helping to solve the climate issue in that way. We want to work with the industry to find ways that technologies like blockchain can be properly regulated and managed as well, so that they truly can be fully realized,&rdquo; he said.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/21/12/24756255/is-bitcoin-energy-usage-a-myth-mike-novogratz-says-btc-uses-less-than-christmas-lights">Is Bitcoin Energy Usage A Myth?</a>
Earlier this week, Benzinga <a href="https://www.benzinga.com/markets/cryptocurrency/22/02/25594726/intel-says-jack-dorseys-block-is-a-first-customer-for-its-new-bitcoin-mining-chip">reported</a> that payments firm Block Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sq#NASDAQ">SQ</a>) and Bitcoin miners Argo Blockchain ADR&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arbk#NASDAQ">ARBK</a>) and Griid Infrastructure&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/grid#NYSE">GRID</a>) would be Intel&rsquo;s first customers for its energy-efficient mining chip.
Intel expects its new product to deliver a blockchain accelerator that has 1000x better performance per watt than the existing mainstream GPUs for SHA 256 based mining.
INTC Price Action: Intel shares were trading 1.2% lower during the pre-market session on Friday.

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Is Bitcoin A 'Climate Crisis'? Here's What Intel's CEO Says

According to a new report from The Brattle Group, investment in power transmission infrastructure will reach $16 billion per year in the U.S. and $5 billion annually in Canada, through 2030. Since the 1980s and the adoption of cell phones, iPads, computers and other "modern" conveniences, peak power demand has exceeded transmission growth by 25% each year. While the grid functions almost all of the time, it's far from perfect. Power interruptions and blackouts cost the American economy between $80 and $150 billion a year in lost productivity. Based on 1960s technology, the grid is essentially an antique and is nearly 100 years old in places. 

The recent report highlights the continued potential of North America's grid build-out. Brattle estimates that the U.S. will see $30 to $40 billion in annual economic activity and support 150,000 to 200,000 full-time jobs each year over the 20-year period. For Canada, the grid infrastructure investment will support between 20,000 and 50,000 full-time jobs annually. 

For investors, these sorts of big spending numbers means loading up on infrastructure stocks. The First Trust NASDAQ Clean Edge Smart Grid Infrastructure (NASDAQ: <a class="ticker" href="/stock/grid#NASDAQ">GRID</a>), First Trust ISE Global Engineering &amp; Construction (NYSE: <a class="ticker" href="/stock/flm#NYSE">FLM</a>) and the SPDR FTSE/Macquarie Global Infrastructure 100 (NYSE: <a class="ticker" href="/stock/gii#NYSE">GII</a>) make compelling choices to play the theme.

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Grid Investment Will Hit $300 Billion In The U.S. And Canada (GRID, FLM, GII)

<img class="alignleft size-full wp-image-23832" title="electric grid etf" src="http://etfdailynews.com/blog/wp-content/uploads/2010/12/electric-grid-etf.jpg" alt="" width="110" height="110" />As a kid, some of my fondest winter memories were driving through the different neighborhoods in and around Philadelphia where I grew up admiring all of the ornate holiday light displays.(...) Read the rest of <a href="http://etfdailynews.com/blog/2010/12/03/one-of-the-greatest-etfs-for-your-portfolio-grid/">One Of The Greatest ETFs For Your Portfolio (<a class="ticker" href="/stock/grid#">GRID</a>)</a> 
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The copying, republication or redistribution of ETFDailyNews Content, including by framing or similar means, is expressly prohibited without the prior written consent of ETFDailyNews.
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One Of The Greatest ETFs For Your Portfolio (GRID)

One analyst says the recent spate of acquisitions in the U.S. power sector is "just the tip of the iceberg." Bloomberg News reports that deals in the sector have jumped by more than 20-fold by value in the first eight months of the year.
Knowing that more deals like Blackstone's (NYSE: <a class="ticker" href="/stock/bx#NYSE">BX</a>) $4.7 billion purchase of Dynegy (NYSE: <a class="ticker" href="/stock/dyn#NYSE">DYN</a>) could be on the way makes it an ideal time to take a look at power and utilities ETFs that hold companies that are both targets and buyers. 
Pure-play utilities options: Utilities Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlu#NYSE">XLU</a>) and the Vanguard Utilities ETF (NYSE: <a class="ticker" href="/stock/vpu#NYSE">VPU</a>): Regulated utilities face little in the way of growth prospects and the recession has pressured their profit margins, so acquisitions are the best way for these companies to boost the bottom line. 
Look for companies like Duke Energy (NYSE: <a class="ticker" href="/stock/duk#NYSE">DUK</a>) and Exelon (NYSE: <a class="ticker" href="/stock/exc#NYSE">EXC</a>), both of which can be found in both ETFs, to be on the prowl for acquisitions. If nothing else, you'll get decent yields with both ETFs.
A global option: SPDR FTSE/Macquarie Global Infrastructure 100 ETF (NYSE: <a class="ticker" href="/stock/gii#NYSE">GII</a>): GII has a good mix of U.S.-based companies like Duke and Exelon as well as European and Asian firms.
GII is also a play on power infrastructure in addition to the actual sale and production of electricity. Plus, this ETF yields over 4%.
A quantitative play: First Trust Utilities AlphaDEX ETF (NYSE: <a class="ticker" href="/stock/fxu#NYSE">FXU</a>): FXU takes a different approach by attempting to generate positive alpha relative to traditional passive style indices through the use of the AlphaDEX screening methodology, according to the ETF's profile.
This is not a pure play on utilities, but it is basically defensive as you'll find stocks like AT&amp;T (NYSE: <a class="ticker" href="/stock/t#NYSE">T</a>) and CenturyLink (NYSE: <a class="ticker" href="/stock/ctl#NYSE">CTL</a>) among the top-10 holdings.
Another infrastructure play: First Trust NASDAQ CleanEdge Smart Grid Infrastructure Index Fund (Nasdaq: <a class="ticker" href="/stock/grid#Nasdaq">GRID</a>): If you're betting on a boom in smart grid technology, GRID is your play. As an M&amp;A play, GRID may be a bit speculative at this point, but could bear fruit down the road.
<a href="http://www.benzinga.com/tryitnow/406421">Beat the market consistently by receiving real-time trade alerts from the ETF Professor!</a>

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ETFs For The Power Acquisition Binge

Morningstar has tried to be a content provider of consequence for ETFs yet somehow after years of trying they still appear to be clueless. The latest piece of work is <a href="http://seekingalpha.com/article/214780-sizing-up-the-industrials-etf-landscape?source=feed">this post</a> that Seeking Alpha titled Sizing Up the Industrials ETF Landscape.
The article makes two main points, neither of which are very helpful. The first point can be dissected quickly which was that "for most investors, such niche funds are rarely an appropriate choice." Anyone using an S&amp;P 500 Index fund has about 10% in industrials. Any broad based, actively managed mutual fund anyone might be using benchmarks against some index that probably has a similar industrial sector weighting so there is a good chance of that actively managed fund having something like 10% in industrial stocks.
So if instead, someone puts that 10% into and industrial sector fund it is far from inappropriate. Further, the ETFs focused on in the article were all the big cap sector funds which are heavy in names like General Electric (GE), Minnie Mining (MMM) and UPS. People could easily make mistakes with these but "rarely appropriate" strikes me as a CYA comment which if true why even write the article?
Even less helpful was the bigger point that "industrials-sector ETF offerings remain remarkably scarce relative to other sectors." This point is so ignorant that I wanted to quote it so as not to muddle the meaning. The author would like to see a machinery ETF and a railway ETF and he thinks that the iShares Transportation ETF (IYT) provides a good alternative.
<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_7ZckZ-8naz0/TD_AZ5xC4yI/AAAAAAAADXY/vD-FhMQk2is/s1600/Fire+002.jpg"><img style="float: left; margin: 0pt 10px 10px 0pt; cursor: pointer; width: 320px; height: 249px;" src="http://3.bp.blogspot.com/_7ZckZ-8naz0/TD_AZ5xC4yI/AAAAAAAADXY/vD-FhMQk2is/s320/Fire+002.jpg" alt="" id="BLOGGER_PHOTO_ID_5494321621651088162" border="0" /></a>Conversely, long time readers of this blog might be used to hearing me say that the industrial sector offers more choice than quite a few other sectors--far from "remarkably scarce." I've been saying for years that client holding PowerShares Water Portfolio (PHO) is a proxy for small cap industrial exposure; the current weight to that sector is 77%. Staying at the PowerShares site the PowerShares Aerospace &amp; Defense Portfolio (PPA) is 78% industrial stocks. There are several other funds from PowerShares with 40-50% in industrial stocks.
Then there is the iShares Dow Jones U.S. Aerospace &amp; Defense Index Fund (ITA) which is 99% industrials. The iShares S&amp;P Global Infrastructure Index Fund (IGF) which some clients own is about 40% industrials. The Market Vectors Global Alternative Energy ETF (GEX) has 70% in Alternative Energy Sources and 19% in Environmental Efficiency which if you look includes heavy exposure to turbine makers like Vestas Wind (VWDRY), meter makers like Itron (ITRI) and water treatment like Kurita Water Industries (KTWIY). One client gave us a mandate to buy GEX--not sure if that requires disclosure.
Moving on to First Trust the First Trust ISE Global Engineering and Construction Index Fund (FLM) is 93% industrials, the First Trust ISE Global Wind Energy Index Fund (FAN) is 44% industrials but is heavier in utilities, the First Trust ISE Water Index Fund is 51% industrials, the First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (GRID) is 78% industrials.
The Global X China Industrial Fund (CHII) is, um, all industrials. Claymore has a solar ETF (KWT) with 84% industrials, airlines (FAA) 100% and water (CGW) 43%.
There are probably others as well. While the 40-50% funds are in the eye of the beholder the article misses the concept entirely of specialized funds as proxies for sector exposure. Just as ABB (ABB) is an infrastructure stock so too is it an industrial proxy, same as that First Trust Engineering and Construction ETF above. In addition to the concept not being understood I believe it is reasonable to conclude the article was poorly researched given there are some funds with 80-100% exposure to the sector not mentioned.
Neat looking fire trucks are part of the industrial sector, aren't they? 
<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/8532070-3313288408552682593?l=randomroger.blogspot.com' alt='' /></div>

Market Vectors Global Alternative Energy ETF Trust

iShares S&P Global Infrastructure Index Fund

iShares Dow Jones US Aerospace & Defense Index Fund

ITRI

iShares Dow Jones Transportation Average Index Fund

PowerShares Exchange Traded Fund Water Resource Portfolio

PowerShares ETF Trust Aerospace & Defense Portfolio

Does Morningstar Finally Understand ETFs? No They Don't

While the threat of European austerity has taken much of the wind out of the sails of the alternative energy movement in Europe, the region still produces much of its power through these renewable means. Spain and Germany, the two European countries with the most installed wind and solar generating capacity, are functioning more like islands. Similar to the United States, each nation’s electrical grid functions on its own and they are not interconnected. 
Aside from bailout talks, European Commission energy regulators are beginning to work together to develop a cross-European market and the E.U. will also address the issue in its energy infrastructure package to be announced later this year. Individual subsidies for solar companies may come to an end; but the Commission seems intent on reaching efficiency goals and better inter-grid connections. These infrastructure improvements might make a better long term investment rather than the alternative power producers. 
The First Trust NASDAQ Clean Edge Smart Grid Infrastructure (NASDAQ: <a class="ticker" href="/stock/grid#NASDAQ">GRID</a>) is the best way to play the birth of the “smart grid” in both Europe and the United States. Another choice is the European utility heavy, SPDR FTSE/Macquarie Global Infrastructure 100 (NYSE: <a class="ticker" href="/stock/gii#NYSE">GII</a>).

Electrical Grid Opportunities in Europe

Fitch Ratings recently came out with a report that Renewable energy now accounts for 9.1% of total electricity produced in the United States. Alternative and green sources of energy are projected to grow by 17% of electricity market share 2035. This is having dramatic effects on utility spending. 
In order to beef up energy efficiency and integrate these forms of greener energy into the grid, utilities have increased their transmission investments over the last ten years, more than doubling between 2000 and 2010. In order to avoid another massive blackout as with the now infamous 2003 Northeastern blackout, another key driver for future investments will be to bring power from renewable sources from faraway load centers. 
The single easiest investment in the area is the First Trust NASDAQ Clean Edge Smart Grid Infrastructure (NASDAQ: <a class="ticker" href="/stock/grid#NASDAQ">GRID</a>). The exchanged fund follows 32 companies relative to creating a smart grid or energy efficient electrical grid. These include investments in General Cable (NYSE: <a class="ticker" href="/stock/bgc#NYSE">BGC</a>) and smart meter manufacturer Itron, (NASDAQ: <a class="ticker" href="/stock/itri#NASDAQ">ITRI</a>). The fund charges 0.70% in expenses and could represent a good long term hold as play on the ever increasing spending in the area.

Energy Efficiency Goals are Powering Big Utility Spending (GRID)

인공지능(AI) 발전에 따라 전력 수요에 대한 기대치의 변화가 더욱 분명해지고 있다. 중국 AI 회사인 딥시크의 등장으로 미래 전력 소비에 대한 불확실성이 야기되어 <a href="https://www.benzinga.com/topic/utilities">유틸리티 및 전력 주식에 영향을 미치고 있다.</a>
전통적인 전력 및 유틸리티 부문의 투자자들은 작년에 급증한 수요 예측의 물결을 타고 난 후 불확실성에 직면했다. AI 및 기타 기술 혁신에 중요한 에너지 집약적 데이터센터의 급속한 확장은 전력 주식의 급증을 촉진했다.
그러나 이러한 예측에 의문이 제기되면서 <a href="https://www.benzinga.com/etfs">전력 중심의 ETF</a>가 다시 주목을 받게 되었다. 전문가들은 이것이 일시적인 패닉에 불과할 것이라고 생각하지만, 단기적인 혼란에 덜 민감한 3가지 ETF는 다음과 같다.
Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)
XLU 펀드는 아메리칸 일렉트릭 파워(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>)와 서던 컴퍼니(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>)를 포함한 미국의 주요 유틸리티 회사에 대한 노출을 제공한다. 이 ETF는 단기 시장 변동에 덜 민감한 규제 대상 유틸리티 회사로부터 안정적인 수익과 배당 소득을 추구하는 투자자들에게 인기 있는 선택이다. 운용보수율은 0.09%이다.
Invesco S&amp;P 500 Equal Weight Utilities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPU#NYSE">RSPU</a>)
전통적인 유틸리티 ETF는 시가총액 가중치를 적용하지만, RSPU 펀드는 반대로 보유 자산에 동일한 가중치를 적용하여 투자자가 위험을 분산시킬 수 있도록 한다. 이 ETF에는 전기 생산, 송전, 재생 에너지 관련 기업이 포함되어 있어 에너지 부문의 변동성에 대한 잠재적 헤지 수단이 될 수 있다. 운용보수율은 0.4%이다.
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRID#NASDAQ">GRID</a>)
GRID 펀드는 스마트 그리드 기술, 전기화 인프라, 송전에 종사하는 기업에 초점을 맞추고 있다. 미국이 재생 에너지로의 전환을 가속화함에 따라, 스마트 그리드와 전기 저장 장치에 대한 투자는 AI 관련 변동과 관계없이 장기적인 수요 증가의 혜택을 받을 수 있다.
<h3>AI 혁명이 전력 수요에 미치는 영향</h3>
딥시크는 AI 데이터센터에 의해 주도되는 전력 수요에 대한 오랜 예측에 도전장을 내밀었다. E&amp;E 뉴스의 <a href="https://www.eenews.net/articles/game-changer-what-deepseek-ai-means-for-electricity/">보도</a>에 따르면, 딥시크의 AI 모델은 유사한 미국 모델보다 "10~40배 적은 에너지를 사용"한다고 한다.
AI 기반 전력 수요 증가에 대한 기대감으로 급등했던 유틸리티 및 천연가스 회사들은 큰 폭의 손실을 입었다. 로이터 통신에 따르면, 독립 전력 공급업체인 콘스텔레이션 에너지(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)는 약 20% 하락했으며, 비스트라(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)는 30% 하락했고, 탈렌 에너지(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>)는 딥시크의 소식 이후 22% 하락했다.
일부 전문가들은 이로 인해 전력 수요 증가에 대한 기대치가 재설정될 수 있다고 생각하는 반면, 다른 전문가들은 미국 제조업의 확장과 암호화폐 채굴을 포함한 광범위한 전기화 추세로 인해 전력 수요가 계속 높을 것이라고 주장한다.
E&amp;E 뉴스에 따르면, 웨스트 몬로(West Monroe)의 전무이사인 베시 소렌 존스(Betsy Soehren Jones)는 "다른 주요 동인, 특히 미국 제조업과 암호화폐는 딥시크의 영향을 받지 않기 때문에 전반적인 전력 수요는 여전히 급증할 것&#8221;이라고 말했다.
딥시크의 성과는 기술 회사들이 AI 개발의 청정에너지의 핵심 원천으로 여기는 원자력의 수요에 의문을 제기할 수도 있다. 투자자들은 원자력에 대해 100달러/MWh 이상의 높은 프리미엄을 기대해 왔지만, 아거스 미디어(Argus Media)에 <a href="https://www.argusmedia.com/en/news-and-insights/latest-market-news/2652323-deepseek-undermines-ai-power-demand-forecasts">따르면</a> 제프리스는 고객 메모에서 새로운 효율성 향상으로 인해 상황이 바뀔 수 있다고 전했다.
AI 데이터센터의 전력 수요 감소는 알파벳(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) 및 마이크로소프트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) 같은 회사들이 지원하는 차세대 소형 모듈형 원자로(SMR)에 대한 지원도 약화시킬 수 있다.
<h3>전력 및 유틸리티 부문에 대한 뱅크오브아메리카의 견해</h3>
최근 뱅크오브아메리카(BofA) 보고서에 따르면, 전력 및 유틸리티 부문은 딥시크의 AI 모델에 대한 단기적인 시장 반응에도 불구하고 회복력을 유지하고 있는 것으로 나타났다. 해당 보고서는 콘스텔레이션 에너지 목표주가를 366달러로 상향 조정하여 매수 의견을 유지하고, 비스트라에 대해서는 183달러 목표주가와 중립 의견을 유지했다.
BofA 애널리스트들은 딥시크로 인한 매도세를 과잉 반응으로 보고, 혼란이 가라앉으면 데이터센터 수요가 계속 강세를 유지할 것으로 예상한다. 해당 보고서는 딥시크를 "혁신적이라기보다는 진화적"이라고 묘사하고, AI 기반 데이터센터가 계속해서 전력 소비를 주도할 것이라고 설명했다.
또한 BofA는 산업 확장과 전기화로 인해 에너지 시장의 공급과 수요 압박이 여전히 심하다고 지적했다. 원자력 같은 안정적인 에너지 원에 대한 필요성은 여전히 필수적이다.
<h3>딥시크가 전력 시나리오 바꿀까?</h3>
딥시크의 AI 모델이 단기적으로 불확실성을 가져왔지만, 에너지 경제학자 에드 허스(Ed Hirs)가 로이터 통신에 언급한 것처럼, 일부 애널리스트들은 전력 주식 매도가 "근시안적이고 단기적"일 수 있다고 생각한다. 더 효율적인 AI 모델이 등장하더라도, 지속적인 디지털화와 전기화에 힘입어 전력 수요는 증가할 가능성이 높다.
즉, 시장의 급격한 반응에도 불구하고, 전기화 및 기술 주도 성장의 광범위한 추세는 전기 소비가 계속 증가할 것임을 시사한다.
사진: Sundry Photography/ Shutterstock.com
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First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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