First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ: QCLN)

에 대한 최신 뉴스 First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN)

First Trust NASDAQ Clean Edge Green Energy Index Fund

Technology

Consumer Cyclical

Industrials

Utilities

Basic Materials

Real Estate

Energy

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 is designed to track the performance of small, mid and large capitalization clean energy companies that are publicly traded in the United States. It is non-diversified.

Tesla, Inc.

On Semiconductor Corp

Enphase Energy Inc.

First Solar Inc

Rivian Automotive

Albemarle Corp.

Universal Display Corp

Lucid Group Inc

Acuity Brands Inc

Brookfield Renewable Partners Lp

Nextracker Inc

electric-vehicles

Sector ETFs

ETFs

ARKK

DRIV

FTXR

IDRV

KARS

LCID

QCLN

RIVN

TSLA

XPEV

도널드 트럼프 대통령은 2030년까지 전기차(EV) 보급률 50%를 목표로 한 조 바이든 전 대통령의 행정명령을 취소했다. 이 결정은 자동차 업계 전반에 파장을 일으켰다.

트럼프의 전기차 정책 변경, 관련 ETF 중 승자와 패자는?

lithium battery

News

Global

Markets

BATT

iShares S&P Global Clean Energy Index Fund

ICLN

MSFT

Market Vectors Rare Earth/Strategic Metals Etf

REMX

최근 연구에 따르면 아칸소주가 전기차(EV) 배터리와 기타 첨단 제품에 필수적인 리튬을 상당량 보유하고 있을 가능성이 제기되었다.

아칸소주가 전기차 배터리 수요 증가에 따라 1천 9백만 톤의 리튬을 보유 중으로 예상

Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) announced on Wednesday that it has spun off its micromobility<a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44493181/rivian-spins-out-micromobility-business-into-new-startup-also-inc" rel="noreferrer noopener"> business into a new company, </a><a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44493181/rivian-spins-out-micromobility-business-into-new-startup-also-inc" rel="noreferrer noopener">Also, Inc.</a>
The company&#8217;s shares saw an uptick on Wednesday <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">following the announcement.</a>
This move will allow Also to focus on developing small, lightweight electric vehicles designed to address the global mobility challenges.
Rivian&#8217;s venture into micromobility began as a stealth program several years ago, with the goal of leveraging Rivian&#8217;s expertise in software, electronics, and electric propulsion to create a cost-efficient, innovative product.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, RIVN stock has gained over 19% in the past year. Investors can gain exposure to the stock via&nbsp;First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
The success of this initiative led Rivian to realize the opportunity for a dedicated company.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44489584/us-stocks-likely-to-open-lower-after-three-day-advance-market-is-looking-more-balanced-and-gone-from-above-trend-to-on-trend-says-expert" rel="noreferrer noopener">US Stocks Likely To Open Lower After 3-Day Advance: Market Is Looking &#8216;More Balanced&#8217; And Gone From &#8216;Above-Trend To On-Trend,&#8217; Says Expert</a>
Rivian retains a minority stake in Also and expects future collaboration between the two companies, including possible use of Rivian&#8217;s retail locations.
To support growth, Also has secured a significant investment of $105 million from Eclipse Ventures, a venture capital firm. Rivian&#8217;s founder and CEO, RJ Scaringe, will serve as Chairman of Also&#8217;s Board of Directors, underlining his ongoing commitment to the micromobility space.
In addition to the spin-off, Rivian continues to focus on its core business, making significant progress toward the launch of its R2 vehicle in 2026. This new venture signals Rivian&#8217;s dedication to expanding the range of electrified transportation options to help accelerate the global transition to zero-emission solutions.
Price Action: RIVN stock is up 1.50% at $12.54 at last check Wednesday.
Read Next:
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Image via Shutterstock.

Equities

Movers

General

Rivian Doubles Down On EV Innovation With Micromobility Spin-Off, Stock Gains

Allegro MicroSystems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) shares are trading higher premarket on Thursday after it disclosed receiving a proposal&nbsp;from ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) for $35.10 per share, with an implied <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44157898/onsemi-proposes-to-acquire-allegro-microsystems-for-35-10-per-share-in-cash" rel="noreferrer noopener">enterprise value of $6.9 billion</a>.
The all-cash offer reflects a 57% premium over Allegro&#8217;s closing price on February 28, 2025, the last trading day before reports of <a target="_blank" href="https://www.benzinga.com/25/03/44084024/on-semiconductor-moves-to-acquire-allegro-sparking-investor-interest" rel="noreferrer noopener">onsemi&#8217;s acquisition interest surfaced</a>.
Allegro&#8217;s Board, after consulting independent financial and legal advisors, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44158580/allegro-confirms-receipt-of-unsolicited-proposal-from-onsemi" rel="noreferrer noopener">deemed onsemi&#8217;s proposal inadequate</a>.
Notably, onsemi has repeatedly sought to engage Allegro MicroSystems in discussions over the past six months.
The latest proposal, submitted on February 12, 2025, raised the offer to $35.10 per share, up from an initial $34.50 per share proposal as of September 2, 2024.
Read: <a target="_blank" href="https://www.benzinga.com/media/25/02/43971798/on-semiconductor-focuses-on-ai-chip-growth-to-cut-2400-jobs-to-stay-competitive" rel="noreferrer noopener">ON Semiconductor Focuses On AI Chip Growth, To Cut 2,400 Jobs to Stay Competitive</a>
Hassane El-Khoury, President and Chief Executive Officer of onsemi said, &#8220;The Allegro team has built an impressive leadership position in magnetic sensing and power ICs for the automotive and industrial end-markets.&#8221;
&#8221;Together, Allegro&#8217;s unique product portfolio and onsemi&#8217;s differentiated intelligent power and sensing technologies would create a diversified leader in automotive, industrial and AI data center applications.&#8221;
As of December 31, 2024, ON Semiconductor&nbsp;held <a target="_blank" href="https://www.benzinga.com/25/02/43592322/on-semiconductor-q4-earnings-q4-revenue-drops-15-weak-demand-in-auto-and-industrial-sectors-lower-utilization-hits-margins-ceo-warns-of-continued-challenges-in-2025" rel="noreferrer noopener">$2.99 billion in cash and equivalents</a>.
Investors can gain exposure to ALGM stock via&nbsp;iShares Breakthrough Environmental Solutions ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETEC#NASDAQ">ETEC</a>) and SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>).
Price Action: ALGM shares are up 9% at $29.19 premarket at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/earnings-misses/25/02/43631471/on-semiconductors-q4-revenues-down-15-as-automotive-industry-hits-massive-speed-bump-7-analysts-cut-forecasts-on-continued-demand-weakness" target="_blank" rel="noreferrer noopener">ON Semiconductor&#8217;s Q4 Revenues Down 15% As Automotive Industry Hits Massive Speed Bump, 7 Analysts Cut Forecasts On Continued Demand 10.Weakness</a></li>
</ul>
Photo via Shutterstock.

Large Cap

ALGM

ETEC

SPHB

Allegro MicroSystems Board Deems ON Semiconductor's $6.9B Offer 'Inadequate'

Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares are on the rise after the company announced the availability of its Lucid Gravity <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43729304/lucid-gravity-now-available-to-configure-and-order-for-customers-in-canada-on-the-lucid-motors-web" rel="noreferrer noopener">Grand Touring </a><a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43729304/lucid-gravity-now-available-to-configure-and-order-for-customers-in-canada-on-the-lucid-motors-web" rel="noreferrer noopener">model for Canadian customers.</a>
The vehicle can now be configured via Lucid&#8217;s &#8220;Design Yours&#8221; configurator on its website, with options available in<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43729304/lucid-gravity-now-available-to-configure-and-order-for-customers-in-canada-on-the-lucid-motors-web" rel="noreferrer noopener"> both English and French, the company said in a press release.</a>
The Lucid Gravity Grand Touring starts at C$134,500 (~$94,900) and boasts dual electric motors delivering 828 horsepower and a projected range of over 720 km on a single charge.
This apart, the Lucid Gravity Touring variant, starting at C$113,500, is planned for release in late 2025.
Meanwhile, Lucid said that Lucid Gravity also stands out for its charging capabilities, enabling compatibility with the Tesla, Inc. Supercharger network.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43736004/airbnb-posts-strong-q4-global-expansion-strategy-to-lend-upside-to-growth-rates-analysts-say" rel="noreferrer noopener">Airbnb Posts Strong Q4: Global Expansion Strategy To Lend Upside To Growth Rates, Analysts Say</a>
The vehicle&#8217;s technology allows it to charge at up to 400 kW on 1000V equipment, adding around 200 miles of range in under 12 minutes.
Lucid said it offers a range of configurations, including six exterior colors and five interior themes.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, LCID stock has lost over 3% in the past year. Investors can gain exposure to the stock via&nbsp;First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
Recently, Lucid reported record deliveries in the fourth quarter, with strong momentum <a target="_blank" href="https://www.benzinga.com/news/25/02/43516605/lucid-deliveries-up-51-in-january-heres-how-many-gravity-suvs-sold-in-first-full-month" rel="noreferrer noopener">and the launch of a second vehicle model</a>.
Lucid launched the highly anticipated&nbsp;Gravity three-row SUV&nbsp;in late 2024.
In January, Lucid sold 50 Lucid Gravity SUVs, according to data from Motor Intelligence reported by&nbsp;<a target="_blank" href="https://electrek.co/2025/02/04/lucid-lcid-ev-sales-climb-50-jan-after-gravity-suv-launch/" rel="noreferrer noopener">Electrek</a>. The company had total sales of 665 units in January, consisting of the Gravity vehicles and 615 Lucid Air sedans.
Price Action: LCID shares are trading higher by 2.05% to $3.327 at last check Friday.
Read Next:
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</ul>
Photo via Shutterstock.

What's Going On With Lucid Stock Today?

Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares are<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43266810/lucid-gravity-combining-450-miles-epa-range-400-kw-fast-charging-and-access-to-20-000-supercharger" rel="noreferrer noopener"> trading lower on Tuesday.</a>
The company released announcements regarding the Lucid Gravity&#8217;s innovative powertrain and charging capabilities.
The company said that Lucid Gravity, it SUV, is designed to offer both convenience and cutting-edge technology.
Starting January 31st, the vehicle will gain direct access to Tesla, Inc. Supercharger network, with no adapter required, giving it access to a charging infrastructure in the U.S. and Canada.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39717130/new-reimbursement-rules-for-diagnostic-radiopharmaceuticals-is-undoubtedly-positive" rel="noreferrer noopener">New Reimbursement Rules For Diagnostic Radiopharmaceuticals Is ‘Undoubtedly' Positive for Lantheus: Analyst</a>
The SUV is equipped with a 926V powertrain and the ability to charge at up to 400 kW, the company said in a press release.
The company&#8217;s technology ensures compatibility with both 500V and 1000V charging networks, allowing customers to experience maximum charging speeds regardless of the charger they use.
At peak rates, the Lucid Gravity can add 200 miles of range in under 12 minutes. The Lucid Gravity is equipped with a 123 kWh battery and advanced thermal management systems to ensure reliable performance in various weather conditions, the company said.
With a low drag coefficient and collaboration with Panasonic on battery cell chemistry, the vehicle achieves an EPA-estimated range of up to 450 miles. Lucid has also integrated bi-directional charging, enabling the vehicle to charge other EVs. 
Touring models are planned to be available to order in late 2025 from $79,900, while Grand Touring is available to order now from $94,900.
The company said that Lucid Air owners can expect similar access to Tesla&#8217;s Supercharger network starting in the second quarter of 2025.
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, LCID stock has lost over 20% in the past year. Investors can gain exposure to the stock via First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
Price Action: LCID shares are trading lower by 1.27% to $2.72 at last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/43260646/microsoft-eyes-tiktok-us-deal-as-trump-confirms-acquisition-talks-are-underway" target="_blank" rel="noreferrer noopener">Microsoft Eyes TikTok US Deal, Trump Says Acquisition Talks Are Underway</a></li>
</ul>
Photo via Shutterstock.

What's Going On With Lucid Group Stock Today?

President Donald Trump revoked President Joe Biden&#8216;s executive order targeting 50% electric vehicle (EV) adoption by 2030.
The decision sent ripples across the automotive industry. 
With potential eliminations of EV subsidies, restrictions on state-level emissions waivers, and relaxed federal emissions rules, <a href="https://www.benzinga.com/etfs">ETFs with exposure to the electric vehicle (EV)</a> and automotive sectors are poised for seismic shifts — some good, some bad.
<h3 class="wp-block-heading">Winners And Losers Among EV-Focused ETFs</h3>
ETFs heavily leaning toward <a href="https://www.benzinga.com/electric-vehicles">U.S.-based EV makers</a>, such as Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>) and iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>), are staring at potential headwinds, given their significant exposures to stocks of companies directly in the line of fire. Companies like Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Rivian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), and Lucid (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), which could see reduced consumer demand if federal tax credits are repealed.
However, global auto sector-focused EV ETFs like KraneShares Electric Vehicles and Future Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>), which feature significant holdings in Chinese automakers such as Nio (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Xpeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), can be resilient. <a href="https://www.benzinga.com/markets/25/01/43091254/teslas-chinese-rivals-li-xpeng-nio-surge-while-rivian-declines-in-pre-market-as-trump-revokes-bidens-ev-target">Chinese EV startups rallied</a> following Trump's announcement, driven by strong domestic sales and the absence of new tariffs targeting Beijing.
<h3 class="wp-block-heading">Tesla's Unique Position</h3>
Here&#8217;s an interesting point to ponder. Tesla, a major constituent in most EV-focused ETFs, was up1.08% on Jan. 22 as of writing, despite the policy changes. CEO Elon Musk, who funded Trump&#8217;s presidential campaign, agreed with the 47th president on ending subsidies. 
Removal of tax credits would have<a href="https://www.benzinga.com/news/24/07/39934750/trump-presidency-and-ira-cut-would-be-devastating-for-competitors-says-elon-musk-long-term-probably"> only a slight impact on Tesla </a>but could be a major jolt to competitors reliant on subsidies, Musk says. This means Tesla can either be a potential beneficiary or in a position of disadvantage. ETFs with significant Tesla weightings like ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
<h3 class="wp-block-heading">Consumer Behavior And Long-Term Talk</h3>
The potential repeal of the $7,500 federal EV tax credit could shift consumer interest back to gasoline-powered vehicles, particularly in the luxury segment. Tesla researcher <a href="https://www.benzinga.com/24/12/42641207/researcher-says-cancelation-of-7500-ev-tax-credit-could-impact-teslas-deliveries-despite-ceo-elon-musk-claiming-otherwise">Troy Teslike warned</a> that Tesla could lose market share to gas-powered luxury brands if tax credits are eliminated. ETFs tracking broader auto markets, such as First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>) may see mixed performance depending on the balance of traditional and electric vehicle stocks in their portfolios.
Nonetheless, despite short-term volatility, the long-term prospects for EV-focused ETFs remain tied to global decarbonization trends. The Federal rollback can also be offset by state-level initiatives, particularly in California and other pro-EV states. 
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</ul>
Photo: Shutterstock

Trump's EV Rollback Might Shake-Up ETFs: Winners, Losers And Tesla's Unique Role In Shifting Market

Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) announced Canadian pricing for its highly anticipated Lucid Gravity SUV.
The Lucid Gravity Touring will start at C$113,500 (~$78,900), while the Lucid Gravity Grand Touring will be priced at C$134,500.
Orders for the Grand Touring model, featuring 828 horsepower and a projected range exceeding 720 kilometers, will soon open for Canadian customers.
The Touring model will be added to the lineup in late 2025.
CEO Peter Rawlinson highlighted the strong anticipation for the Lucid Gravity in Canada, emphasizing its unique combination of performance, versatility, and design.
&#8220;This revolutionary vehicle is uniquely enabled through our technology and is perfectly suited to the demands of the Canadian market,&#8221; Rawlinson added.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/01/43019094/bidens-farewell-address-targets-tech-oligarchy-in-trump-2-0-era-president-says-americans-face-avalanche-of-misinformation" rel="noreferrer noopener">Biden&#8217;s Farewell Address Targets Tech Oligarchy In Trump 2.0 Era: President Says Americans Face &#8216;Avalanche Of Misinformation&#8217;</a>
The vehicle is tailored to meet the needs of the Canadian market, providing up to seven seats and a total of nearly 3,400 liters of usable cargo space.
The Lucid Gravity boasts Lucid&#8217;s advanced electric powertrain, offering outstanding efficiency with a 123kWh battery pack.
This technology ensures a smooth driving experience, with an optional three-chamber air suspension for improved handling on various terrains.
The Lucid Gravity will be on display at the Montreal International Auto Show from January 17 to 26, providing Canadian consumers with the first opportunity to experience the innovative SUV in person.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, LCID stock has gained over 5% in the past year. Investors can gain exposure to the stock via&nbsp;First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
Price Action: LCID shares are trading lower by 0.16% to $3.035 at last check Thursday.
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Photo via Company.

Acuity Brands, Inc (NYSE:&nbsp;AYI)&nbsp;reported fiscal first-quarter 2025 net sales growth of 1.8% year over year to $951.6 million, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/g42868674/acuity-brands-reports-fiscal-2025-first-quarter-results" rel="noreferrer noopener">analyst consensus estimate of $956.2 million</a>.&nbsp;
It clocked an adjusted EPS of $3.97, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $3.89</a>.
Sales by segments: Acuity Brands Lighting (ABL) and Lighting Controls revenue hit $886.0 million (+1.1% Y/Y), and Intelligent Spaces Group (ISG) clocked $73.5 million (+14.5% Y/Y).
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42710321/gaming-at-a-crossroads-balancing-graphics-budgets-and-player-demand" rel="noreferrer noopener">Gaming Conundrum &#8211; Balancing Graphics, Budgets, and Player Demand</a>
The consolidated adjusted operating margin grew by 20 bps to 16.7%. ABL&#8217;s adjusted operating margin declined by 20 bps to 17.3%. ISG&#8217;s margin increased by 500 bps to 21.0%.
The company generated $132.2 million in operating cash flow for the quarter, compared to $190.0 million a year ago. Free cash flow was $113.3 million.
Acuity held cash and equivalents of $935.6 million, compared to $845.8 million last year.
Adjusted EBITDA was $171.6 million, up from $166.7 million a year ago.&nbsp;The margin expanded by 20 bps to 18.0%.
Effective January 1, 2025, the company completed the acquisition of QSC, LLC for $1.215 billion, expanding Acuity&#8217;s Intelligent Spaces into cloud-manageable audio, video, and control.
Acuity Brands stock surged 49% in the last 12 months. Investors can gain exposure to the stock through First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>) and Invesco S&amp;P MidCap Quality ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XMHQ#NYSE">XMHQ</a>).
Price Action: AYI stock is down 0.82% at $301.38 premarket at the last check on Wednesday.
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</ul>

Earnings

XMHQ

Acuity Brands Q1 Earnings: Revenue Miss, Smart Spaces Revenue Soars 14.5%, Expands Into Cloud Tech With $1.2 Billion Deal

Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) saw its shares climb in the premarket session on Tuesday following the release of fourth-quarter production and delivery&nbsp;results and an announcement regarding its <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">upcoming Lucid Gravity Grand Touring SUV.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, LCID stock has lost over 12% in the past year. Investors can gain exposure to the stock via&nbsp;First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
In a collaboration with Panasonic Energy, Lucid confirmed that the Gravity Grand Touring will be powered by Panasonic&#8217;s advanced lithium-ion battery cells, delivering an<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n42834287/the-groundbreaking-lucid-gravity-to-leverage-panasonic-energys-latest-generation-high-performance-" rel="noreferrer noopener"> EPA-estimated range of up to 450 miles</a>. The battery pack is up to 40% smaller than those of competitors.
The Lucid Gravity, with a sophisticated interior offering up to 120 cubic feet of usable cargo space, provides the roominess of a full-size SUV within the footprint of a mid-size vehicle.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/42782683/tesla-hits-record-ev-sales-in-china-despite-global-dip" rel="noreferrer noopener">Tesla Hits Record EV Sales In China Despite Global Dip: Report</a>
Capable of seating up to seven adults, the Gravity Grand Touring offers 828 horsepower and accelerates from 0 to 60 mph in under 3.5 seconds. These features are made possible by Panasonic&#8217;s 2170 cylindrical lithium-ion cells, which boast an energy density above 800Wh/L.
Lucid&#8217;s partnership with Panasonic Energy has been a key driver in the development of its powertrain system, and Panasonic Energy&#8217;s batteries have already been successfully integrated into Lucid Air Pure. Lucid&#8217;s vehicles, including the Gravity, rely on Panasonic Energy&#8217;s&nbsp;technology for fast-charging, safety, and longevity.
Production of the Lucid Gravity Grand Touring officially began in December 2024 at Lucid&#8217;s Arizona factory.
With a starting price of $94,900, the model is set to make a significant impact on the electric vehicle market.
Additionally, the Lucid Gravity Touring, with a price tag of $79,900, will debut in late 2025.
Yesterday, &nbsp;announced its EV production and delivery&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/42820060/lucid-shares-rise-after-q4-deliveries-jump" rel="noreferrer noopener">totals for the fourth quarter.</a>
Lucid said it produced 3,386 vehicles and delivered 3,099 vehicles for the quarter ended December, a 42% and 78.7% jump,&nbsp;<a target="_blank" href="https://lucidmotors.com/media-room/lucid-announces-q4-production-deliveries" rel="noreferrer noopener">respectively, from a year ago</a>.
For comparison, the company produced 1,805 vehicles and delivered 2,781 vehicles in the<a target="_blank" href="https://www.benzinga.com/24/10/41209381/lucid-reports-q3-ev-production-and-delivery-totals-what-to-know" rel="noreferrer noopener"> third quarter of 2024</a>.
Price Action: LCID shares are trading higher by 2.71% to $3.42 premarket at last check Tuesday.
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</ul>
Photo via Shutterstock.

Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares are trading higher premarket on Tuesday. The company disclosed a conditional commitment from the U.S. Department of Energy&#8217;s Advanced Technology Vehicle Manufacturing (ATVM)<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42180279/rivian-receives-conditional-commitment-for-up-to-6-6-billion-loan-from-the-u-s-department-of-energ" rel="noreferrer noopener"> Loan Program for up to $6.6 billion</a>.
The loan comprises $6 billion in principal and approximately $600 million in capitalized interest.
Rivian expects the loan to support its growth and strengthen its hold in EV design, development, and manufacturing in the U.S.
If finalized, the DOE loan will help Rivian&#8217;s construction of a new facility in Stanton Springs North, Georgia, significantly expanding its U.S. production capacity to meet <a href="https://www.benzinga.com//node/42173555">domestic and international demand.</a>
The funding will primarily support the production of Rivian&#8217;s midsize platform, which includes the R2 SUV and R3/R3X midsize crossovers.
Designed, engineered, and manufactured in the U.S., these vehicles are expected to combine capability, performance, functionality, and competitive pricing, positioning them as key contributors to Rivian&#8217;s long-term growth and profitability.
The DOE loan would boost the U.S. EV industry, creating 7,500 operational jobs and 2,000 construction jobs at Rivian&#8217;s planned Georgia facility, with Phase 1 production starting in 2028.
The facility will add 400,000 units of annual capacity in two phases, supporting domestic and international markets.
These efforts complement jobs at Rivian&#8217;s Illinois plant, strengthening the U.S. EV ecosystem and economy.
Rivian plans to build a state-of-the-art manufacturing facility at the Stanton Springs site near Atlanta, incorporating advanced construction techniques, environmental management, and community investments while preserving natural spaces.
The DOE&#8217;s conditional loan commitment signals intent to finance Rivian&#8217;s project, pending fulfillment of technical, legal, environmental, and financial conditions.
If approved, the loan will be secured by the project&#8217;s assets, fixed assets, and guarantees from Rivian Automotive, Inc. and select subsidiaries.
Investors can gain exposure to the stock via&nbsp;Renaissance IPO ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPO#NYSE">IPO</a>) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
Price Action: RIVN shares are up 6.037% at $12.30 premarket at the last check Tuesday.
Read Next:
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</ul>
Image via Shutterstock.

Government

Contracts

Rivian Rides High: $6.6 Billion DOE Loan Commitment Fuels EV Expansion

Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) introduced a new DIY permit plan <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41876565/enphase-energy-unveils-ai-powered-diy-permitting-feature-for-solargraf-slashing-solar-permit-plan-" rel="noreferrer noopener">feature on its Solargraf platform</a>.
This feature automates the complex permitting process for solar and battery installations using AI and machine learning, reducing permit preparation time by up to 95% for U.S. installers.
The new DIY permit plan feature makes Solargraf a complete end-to-end platform for solar and battery system design, proposals, and permitting. This tool helps installers improve productivity and reduce costs by streamlining workflows and shortening cycle times.
Jayant Somani, senior vice president of the digital business unit at Enphase Energy, said, &#8220;With more than 300 permit plans already generated across more than 50 AHJs, the new DIY permitting feature is proven to streamline the solar permitting process and empower installers to operate more efficiently, delivering exceptional service to homeowners.&#8221;
Ryan Hurlock, co-founder of Magic Sun Solar, added, &#8220;We can now use a single software application to manage the full life cycle of the job beginning with the proposal creation through the system design phase. We are excited to start using this new feature to trim our workflow and give our customers an even more seamless experience, which is unique in the market.&#8221;
Last month, &nbsp;the company reported worse-than-expected financial results for the third quarter, with revenue of&nbsp;$380.9 million missing the&nbsp;estimate of $391.979 million and EPS of 65 cents coming <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41488921/enphase-energy-stock-is-diving-wednesday-whats-going-on" rel="noreferrer noopener">below the estimate of 77 cents</a>.
Also as per a regulatory <a target="_blank" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1463101/000146310124000145/enph-20241107.htm" rel="noreferrer noopener">filing </a>last week, Enphase Energy notified its employees of a restructuring plan on November&nbsp;7, that it will reduce headcount and move certain functions to cost-efficient regions, affecting approximately 17% of its global workforce &#8211; approximately 500 employees and contractors.
In addition, the company will streamline its operations by focusing on contract manufacturing in four existing locations: two in the U.S., one in India, and one in China. It will also cease its contract manufacturing operations in Guadalajara, Mexico.
The company estimates that it will incur approximately $17 million to $20 million in restructuring and asset impairment charges, of which approximately $14 million are expected to be incurred in the fourth quarter of 2024 and approximately $11 million to $12 million will be total cash expenditures.&nbsp;
Investors can gain exposure to the stock via&nbsp;Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
Price Action: ENPH shares are down 4.56% at $63.85 at the last check Monday.
Photo via Shutterstock
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</ul>

Mid Cap

ENPH

Enphase Unveils AI-Powered DIY Solar Permits: Details

Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) announced that customer orders for the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41598678/lucid-gravity-orders-to-open-november-7-2024" rel="noreferrer noopener">Lucid Gravity will open on November 7.</a>
The initial offering will be for the Grand Touring trim, starting at $94,900, which has over 800 horsepower and a projected range of over 440 miles.
Production of the Grand Touring model, priced at $79,900, is set to begin in late 2024, while the Touring trim, priced at $79,900, is expected to start production in late 2025.
The introduction of the Lucid Gravity marks an essential step in Lucid&#8217;s expansion into the SUV market.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, LCID stock has lost over 38% in the past year. Investors can gain exposure to the stock via&nbsp;VanEck Green Infrastructure ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNEW#NASDAQ">RNEW</a>) and&nbsp;First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40324241/lucid-gravity-suv-offers-tesla-compatible-and-standard-charging-a-win-for-ev-drivers" rel="noreferrer noopener">Lucid Gravity SUV Offers Tesla-Compatible And Standard Charging: A Win For EV Drivers?</a>
&#8220;There is a growing anticipation for Lucid Gravity&#8217;s unprecedented combination of versatility, performance, design, and all-around capability,&#8221; said&nbsp;Peter Rawlinson, CEO at Lucid. &#8220;This is uniquely enabled through our revolutionary technology. We look forward to bringing the world&#8217;s most advanced SUV to the world soon.&#8221;
The Lucid Gravity aims to be the ultimate SUV, accommodating up to seven adults along with their belongings.
It has up to 120 cubic feet of usable cargo space, including a front trunk (frunk). An optional frunk seat can fit two adults when the vehicle is parked.
Drawing on Lucid&#8217;s electric powertrain technology, the Gravity features in-house electric motors.
Its projected range exceeds 440 miles, with a battery pack capacity comparable to the 2025 Lucid Air Grand Touring. This design ensures a responsive and agile driving experience while providing exceptional interior space.
Additionally, an optional three-chamber air suspension adjusts to various terrains, delivering a smooth ride and precise handling.
Price Action: LCID shares are trading lower by 1.98% to $2.47 at last check Tuesday.
Photo via Shutterstock
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</ul>

RNEW

What's Going On With EV Maker Lucid Stock Today?

In a recent study, researchers have suggested that Arkansas could potentially hold a significant amount of lithium, a crucial component for electric car batteries and other high-tech products.
What Happened: The researchers, in a study published in the journal Science Advances, have estimated that there could be between 5.1 to 19 million tons of lithium in the Smackover Formation brines in southern Arkansas, <a href="https://thehill.com/policy/energy-environment/4945872-arkansas-19-million-tons-lithium-battery-power/">reported</a> The Hill. This amount could potentially make up 35 to 136% of the current U.S. lithium resource estimate.
The researchers used a machine-learning model trained on published and newly collected brine lithium concentration data to create a map of predicted lithium concentrations in Smackover Formation brines across southern Arkansas.
Lithium ETFs offer a way to diversify your investments across multiple companies poised to benefit from the growing demand for lithium. 
Some of the top lithium ETFs to consider include the Global X Lithium &amp; Battery Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIT#NYSE">LIT</a>), Amplify Lithium and Battery Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BATT#NYSE">BATT</a>), First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQGM:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQGM">QCLN</a>), iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>), and the VanEck Vectors Rare Earth/Strategic Metals ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REMX#NYSE">REMX</a>).
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41422633/investors-lost-over-95-of-their-wealth-in-this-nvidia-linked-etf-while-jensen-huang-led-chip-gia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here&#8217;s More</a>
Why It Matters: Automakers and tech companies are scrambling to <a href="https://www.benzinga.com/markets/equities/24/10/41360023/lithium-americas-shares-surge-as-gm-commits-625m-to-thacker-pass-project">secure their lithium supplies</a>, with some even investing in mining projects, such as General Motors&#8216; joint venture with Lithium Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) for the Thacker Pass lithium project in Nevada.
Meanwhile, in Europe, the Serbian parliament&#8217;s decision <a href="https://www.benzinga.com/government/24/10/41289306/serbian-parliament-doesnt-pass-lithium-ban-keeps-rio-tintos-major-project-alive">not to ban lithium exploration and exploitation</a> has kept Rio Tinto&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) major Jadar project alive. 
In January, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) revealed its <a href="https://www.benzinga.com/top-stories/24/02/37188987/interesting-elon-musk-captivated-by-microsofts-70-lithium-reduced-battery-innovation">collaboration with a U.S. national laboratory</a> to create an innovative battery material that decreases lithium consumption by 70%, attracting interest from Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk.
Moreover, in July 2022 Musk tweeted that &#8220;lithium batteries are the new oil,&#8221; responding to Craft Ventures co-founder David Sacks&#8216; comments about the importance of <a href="https://www.benzinga.com/trading-ideas/movers/22/07/28056987/elon-musk-says-this-battery-metal-is-the-new-oil-but-should-the-vehicle-connoisseur-take-his">energy independence amid oil challenges</a> from Russia&#8217;s invasion of Ukraine. 
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Arkansas May Be Sitting On 19M Tons Of Lithium Amid Rising Demand For EV Batteries: How To Invest In What Elon Musk Calls 'The New Oil'

Electric vehicle manufacturer Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares are trading lower after the company lowered its annual production guidance due to a supply shortage of <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">shared components on the R1 and RCV platforms.</a>
The company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois, and delivered 10,018 <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41181218/rivian-releases-q3-production-and-delivery-figures-updates-2024-annual-production-outlook-and-sets" rel="noreferrer noopener">cars during the same period.</a>
Rivian is experiencing a supply shortage that began in the third quarter of this year and has intensified in recent weeks.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40985825/tesla-and-chinese-ev-startups-outpace-toyota-volkswagen-in-critical-software-race-report" rel="noreferrer noopener">Tesla And Chinese EV Startups Outpace Toyota, Volkswagen In Critical Software Race: Report</a>
In response, the company is revising its annual production guidance to a range of 47,000 to 49,000 vehicles (prior 57,000).
Additionally, Rivian is reaffirming its annual delivery outlook, anticipating low single-digit growth compared to 2023, with expected deliveries between 50,500 and 52,000 vehicles.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, RIVN stock has lost over 54% in the past year. Investors can gain exposure to the stock via&nbsp;Renaissance IPO ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPO#NYSE">IPO</a>) and&nbsp;First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>).
Earlier this week, the company&#8217;s top peer, Tesla, posted third-quarter deliveries and production numbers.
Tesla<a target="_blank" href="https://www.benzinga.com/news/24/10/41141444/tesla-stock-plunges-3-despite-q3-deliveries-exceeding-consensus-and-growing-year-over-year" rel="noreferrer noopener"> reported third-quarter deliveries&nbsp;</a>of 462,890 vehicles, up 6.4% year-over-year and up 4.3% quarter-over-quarter. The company reported third-quarter production of 469,796 vehicles, up 9.1% year-over-year and up 14.4% quarter-over-quarter.
Price Action: RIVN shares are trading lower by 8.16% to $9.90 premarket at last check Friday.
Photo by Tada Images on Shutterstock
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</ul>

Guidance

Rivian's Production Forecast Hits Bump, Supply Shortage Sends Shares Tumbling

Rivian Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares are trading lower today. The company is reportedly set to face trial over accusations that it prompted former Tesla Inc. employees to steal trade secrets, according to a preliminary ruling by a California judge.
Judge Theodore C. Zayner of the Santa Clara County Superior Court tentatively refused Rivian&#8217;s request to dismiss the case, asserting that Tesla had provided sufficient evidence for the case to proceed to trial, reported Reuters.
The judge highlighted that some Rivian employees were inadequately investigated and not disciplined, which supports Tesla&#8217;s claims.
The legal dispute <a target="_blank" href="https://www.benzinga.com/news/20/07/16744936/tesla-sues-rival-ev-maker-rivian-for-poaching-employees-stealing-intellectual-property" rel="noreferrer noopener">originated in 2020 when Tesla</a> filed a lawsuit against Rivian, alleging a concerning trend of employee poaching and the unauthorized use of proprietary information.
Rivian has reportedly hired 178 former Tesla employees, 70 of which joined the automaker directly after leaving Musk&#8217;s company.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39911412/rivian-reports-well-over-100k-r2-reservations-ahead-of-2026-launch" rel="noreferrer noopener">Rivian Reports&#8217; Well Over&#8217; 100K R2 Reservations Ahead Of 2026 Launch</a>
Tesla accused Rivian of deliberately encouraging its employees to defect and bring confidential data with them.
Tesla expanded the lawsuit in 2021, claiming that Rivian stole core technology <a target="_blank" href="https://www.benzinga.com/markets/equities/23/08/33545095/tesla-rivian-could-clash-in-california-court-over-trade-secrets-issue-what-you-need-to-know" rel="noreferrer noopener">related to its next-generation batteries</a>.&nbsp;
Despite Rivian&#8217;s efforts to demonstrate that it had conducted an investigation into the matter, Judge Zayner found that their evidence did not definitively prove the adequacy of the investigation.
A final hearing is scheduled for Wednesday at the Santa Clara court. Rivian stock has lost more than 32% in the last 12 months.
Investors can gain exposure to the stock via First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>) and KraneShares Electric Vehicles And Future Mobility Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>).
Price Action: RIVN shares are trading lower by 4% at $16.80 at last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
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</ul>

Legal

Tech

Media

What's Going On With Rivian Automotive Stock Today?

As the Q2 earnings season approaches, clean tech stocks like Enovix Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) and ChargePoint Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) are catching the spotlight, navigating a landscape fraught with both <a href="https://www.benzinga.com/topic/clean-energy">opportunities and challenges</a>. 
According to JPMorgan analyst Bill Peterson, the sentiment among institutional investors is notably cautious, with &#8220;elevated short interest pervasive across our coverage universe.&#8221; This ambivalence is driven by concerns about company execution and balance sheets, keeping investors on the sidelines until clearer signals emerge.
<h2 class="wp-block-heading">Clean Tech&#8217;s Recent Rally: A Temporary Surge?</h2>
Despite the overall uncertainty, Clean Tech stocks have experienced a notable upswing over the past month, with the sector up 9%. 
However, these stocks remain down 10% year-to-date, highlighting ongoing volatility. The iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) is down 10.61% and the First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>) is down 11.44% YTD.
Leading the recent rally, however, are EV charging and advanced batteries, where Enovix and ChargePoint are making significant strides.
<h3 class="wp-block-heading">Enovix</h3>
Peterson states, &#8220;Since 1Q, Overweight-rated ENVX has announced several commercial agreements in the smartphone and mixed reality spaces, providing investors with more evidence of technology validation in consumer electronics.&#8221;
The company&#8217;s strategic moves are bolstered by its plans to scale up production at Fab-2, further appeasing investor concerns. This positive momentum prompted Peterson to raise Enovix&#8217;s price target from $12 to $18.
<h3 class="wp-block-heading">ChargePoint</h3>
ChargePoint, meanwhile, is carving out its position in the EV Charging sector, buoyed by a 9.9% EV/PHEV penetration rate exiting 2Q. Peterson notes, &#8220;Considering the mixed demand environment overall, we think 2Q is unlikely to mark an inflection point for US EV Charging companies, but there will likely be sequential improvement to both top-line and margins with bigger improvements slated for the 2H contingent upon EV demand recovery and cost reduction efforts.&#8221; 
ChargePoint&#8217;s potential reaffirmation of year-end profitability targets could pave the way for a strong second half of 2024, driven by improved demand and cost-cutting measures.
<h2 class="wp-block-heading">eVTOL Stocks: The Patient Investor&#8217;s Game</h2>
In the realm of Advanced Air Mobility, stocks like Archer Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) and Joby Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) have surged recently, although Peterson warns that this momentum may not align with fundamentals. 
&#8220;While US-based JOBY and ACHR have rallied 25-30% over the last 1-month period, we think the stocks have moved ahead of fundamentals given few changes in either company's stories that de-risk the earnings outlook,&#8221; the analyst said.
However, as these companies inch closer to FAA certification, upcoming catalysts such as airline purchase orders could potentially justify their lofty valuations.
<h2 class="wp-block-heading">Plug Power&#8217;s Hydrogen Hurdles: Policy Uncertainty Looms</h2>
The hydrogen sector, represented by Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>), is entangled in policy uncertainty, particularly around the awaited 45V tax credit guidance. This delay has stalled clean hydrogen projects, posing a challenge to Plug Power's growth trajectory. 
Peterson highlights, &#8220;We think 2Q top-line results are unlikely to move the needle too much for Neutral-rated Plug Power as a result of the 45V tax credit overhang.&#8221; Despite these issues, there is potential for positive movement in the second half of the year if macroeconomic conditions improve.
Read Also: <a href="https://www.benzinga.com/markets/esg/24/07/39794934/3-under-the-radar-clean-energy-stocks-with-upside-potential-regardless-of-whos-in-the-white-house">3 Under-the-Radar Clean Energy Stocks With Upside Potential, Regardless Of Who&#8217;s In The White House</a>
<h2 class="wp-block-heading">Political Risks, Economic Headwinds Abound For Clean Tech</h2>
The Clean Tech sector's journey through 2024 remains precarious, with political risks and economic headwinds casting long shadows. Although Clean Tech companies are expected to project revenue growth and margin improvements in the coming quarters, Peterson warns of persistent volatility tied to the upcoming presidential election. 
He advises, &#8220;Earnings commentary is likely to include views on political risk from the upcoming presidential election, demand in 2H24 assuming macro improvement, access to liquidity or means to reduce cash burn if the macro does not improve, as well as path to profitability for those who have yet to announce formal targets.&#8221;
As Clean Tech stocks like Enovix, ChargePoint, Archer Aviation, and Joby Aviation lead the charge, the sector stands at a critical juncture, poised between potential technological breakthroughs and the reality of a challenging investment landscape. 
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39925881/alphabet-investors-fret-over-margin-impact-of-higher-ai-related-capex-but-fund-mana">Alphabet Investors Fret Over Margin Impact Of Higher AI-related Capex, But Fund Manager Says Not Spending Enough Exposes Google&#8217;s Parent To Risk Of &#8216;Losing Their Grip On The Future&#8217;</a></li>
</ul>
Photo: Shutterstock

Analyst Color

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Analyst Ratings

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Clean Tech Titans: Can Enovix, ChargePoint, Archer, Joby Defy The Doubters?

ON Semiconductor Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) shares are trading higher after the company signed a multi-year agreement with Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLKAF#OTC">VLKAF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) to provide solutions for <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39878255/onsemi-selected-to-power-volkswagen-groups-next-generation-electric-vehicles" rel="noreferrer noopener">vehicle lineup across multiple brands</a>.
As per the deal, ON Semiconductor will supply a comprehensive power box solution for Volkswagen&#8217;s next-generation traction inverter within its Scalable Systems Platform (SSP).
onsemi&#8217;s EliteSiC M3e MOSFET-based power box offers higher power and efficiency in a compact design, enhancing heat management and extending EV range. Volkswagen Group can seamlessly adopt future EliteSiC platforms, staying at the forefront of EV innovation.
Volkswagen Group will benefit from onsemi&#8217;s investment in a new silicon carbide plant in the Czech Republic, which will streamline the supply chain and logistics for traction inverter systems, enhancing manufacturing efficiency.
Till von Bothmer, Senior Vice President VW Group Procurement for Powertrain, said, &#8220;On top of the verticalization, onsemi has furthermore provided a resilient supply concept with regional silicon carbide fabs across Asia, Europe and the U.S. In addition, onsemi will continuously provide the latest SiC generation to ensure competitiveness.&#8221;
Earlier this month, ON Semiconductor announced it had completed the <a target="_blank" href="https://www.benzinga.com/news/24/07/39608561/what-happened-with-on-semiconductor-stock-today" rel="noreferrer noopener">acquisition of SWIR Vision Systems</a>.
In June, On Semiconductor announced a&nbsp;restructuring plan&nbsp;that included reducing its workforce by 1,000 employees and consolidating nine sites to optimize its manufacturing network <a target="_blank" href="https://www.benzinga.com/news/24/06/39339784/why-are-on-semiconductor-shares-trading-lower-friday" rel="noreferrer noopener">and consolidate its global corporate footprint</a>.
Investors can gain exposure to ON stock via First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>) and Return Stacked Bonds &amp; Managed Futures ETF Veridien Climate Action ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLIA#NYSE">CLIA</a>).
<h2 class="wp-block-heading">ON Stock Prediction 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of ON Semiconductor have an average 1-year price target of $86.53, representing an expected upside of 19.3%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. 1 analysts have bearish recommendations on ON Semiconductor, while 14 analysts have bullish ratings. The street high price target from B. Riley Securities is $103.0, while the street low from Morgan Stanley is $65.0.
Price Action: ON shares are up 3.06% at $74.75 premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

CLIA

VLKAF

VWAGY

ON Semiconductor Seals Multi-Year Deal with Volkswagen for Advanced EV Solutions; Stock Gains

U.S. solar manufacturers are prodding the Biden administration to toughen the rules on a law that gives a <a href="https://www.benzinga.com/news/24/07/39776035/solar-stocks-tumble-following-failed-assassination-of-trump-whats-going-on">10% tax credit </a>solar project developers who use materials made in the U.S.A.
The administration sought to encourage investment in clean energy and deter reliance on Chinese goods through the 2022 Inflation Reduction Act, which requires that 40% of the cost of a developer&#8217;s materials comes from U.S.-manufactured solar products.
But the Solar Energy Manufacturers for America Coalition (SEMA) said developers can reach that 40% requirement just by buying U.S.-made mounting racks and inverters, and then purchasing the solar panels overseas, Reuters reported.
Also Read: <a href="https://www.benzinga.com/trading-ideas/technicals/24/05/39068775/enphase-energy-solar-giant-shines-with-golden-cross-breakout">Enphase Energy: Solar Giant Shines With Golden Cross Breakout</a>
SEMA also said the situation undermines the administration&#8217;s goals of building a robust solar supply chain to compete with China because solar panels are more difficult and expensive to produce than the other components.
Price Action: Solar panel manufacturers trended downward by Wednesday&#8217;s late-morning trading.
Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) declined 4.36% to $111.10, while Brookfield Renewable Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>) slid 2.78% to $25.19 and Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) dipped 2.49% to $16.85.
Exchange-traded funds that hold shares of Enphase, which has the largest market capitalization of $17.1 billion, <a href="https://www.forbes.com/advisor/investing/best-solar-power-stocks/">according </a>to Forbes Advisor, also fell by late morning on Wednesday.
Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) fell 3.06% as Global X Solar ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYS#NASDAQ">RAYS</a>) declined 1.60% and Virtus Duff &amp; Phelps Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCLN#NYSE">VCLN</a>) dropped 1.18%. First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>) shed 3.24% and iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) declined 1.92%.
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Photo: Andreas from Pixabay

RAYS

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Solar Makers Push Biden To Tighten Tax Credit For US-Made Panels

As <a href="https://www.benzinga.com/topic/2024-presidential-election">the 2024 U.S. Presidential election</a> approaches, the energy sector stands at a crossroads. 
Potential shifts in policy could significantly impact both traditional and <a href="https://www.benzinga.com/topic/clean-energy">clean energy markets</a>.
According to <a href="https://markets.jpmorgan.com/research/email/scx/qijkd11j/LK2zzrWZCAlD7mRxHsWnxA/GPS-4675360-0">insights</a> from JPMorgan's Strategic Research team, the outcome of the election between incumbent President Joe Biden and Ex-President Donald Trump could lead to varying scenarios. 
Each of these scenarios has distinct implications for investors and companies in the sector.
<h3 class="wp-block-heading">1. Biden Presidency, Split Congress</h3>
<ul>
<li>Clean Energy: This scenario is seen as the lowest risk for the clean energy sector. A divided Congress would likely maintain the status quo, making it difficult to roll back or repeal the <a href="https://home.treasury.gov/news/press-releases/jy2376">Inflation Reduction Act</a> (IRA) incentives. This stability is favorable for companies relying on federal clean energy incentives. Under Biden, hundreds of billions of dollars were put toward <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/04/04/biden-harris-administration-announces-historic-20-billion-in-awards-to-expand-access-to-clean-energy-and-climate-solutions-and-lower-energy-costs-for-communities-across-the-nation/">incentives</a> for green energy.</li>
<li>Traditional Energy: The regulatory environment under Biden is expected to remain challenging, but stable. Companies have adapted to tighter regulations, which have not hindered record oil and gas output in the U.S. During Biden&#8217;s presidency, the U.S. <a href="https://www.eia.gov/todayinenergy/detail.php?id=61545">set a record</a> for crude oil production. In 2023, it outpaced what all other countries — including Saudi Arabia — have ever produced in one year. </li>
</ul>
<h3 class="wp-block-heading">2. Trump Presidency, Split Congress</h3>
<ul>
<li>Clean Energy: This scenario raises the risk profile slightly. A split Congress would make it challenging to repeal IRA incentives; Trump — who <a href="https://www.nytimes.com/interactive/2020/climate/trump-environment-rollbacks-list.html">rolled</a> back more than 100 pro-environmental policies during his administration — will likely slow their implementation by reducing funding to relevant departments. He may also impact grant and loan spending. </li>
<li>Traditional Energy: Trump — who <a href="https://apnews.com/article/trump-hannity-dictator-authoritarian-presidential-election-f27e7e9d7c13fabbe3ae7dd7f1235c72">vowed</a> to be a dictator on &#8220;day one&#8221; so he can &#8220;drill, drill, drill" — could ease regulations, potentially increase access to resources on federal lands and reduce regulations, thereby supporting more exports.</li>
</ul>
<h3 class="wp-block-heading">3. Trump Presidency, Republican Congress</h3>
<ul>
<li>Clean Energy: This is considered the highest-risk scenario for clean energy. A Republican majority could partially repeal the IRA through a reconciliation bill, particularly targeting unspent funds. However, full repeal is unlikely due to significant investments in Republican states.</li>
<li>Traditional Energy: The sector could benefit from reduced regulations and increased resource access. Policies encouraging more energy exports, such as LNG, could positively impact the long-term gas market.</li>
</ul>
JPMorgan did not explore the scenario of a Biden presidency and Democrat Congress.
Also Read: <a href="https://www.benzinga.com/news/24/05/39012457/enphase-stock-surges-amid-bidens-tariff-boost-on-chinese-solar-imports">Enphase Stock Surges Amid Biden&#8217;s Tariff Boost On Chinese Solar Imports</a>
<h3 class="wp-block-heading">Clean Energy Stocks</h3>
<ul>
<li>Valuation and Sentiment: Clean energy stocks, including those in electric vehicle (EV) charging and green hydrogen, have lagged due to weak fundamentals. Election outcomes could exacerbate this trend, especially under a Republican sweep.</li>
<li>Loan Programs: A Republican sweep might curtail the DOE Loan Programs Office's authority, negatively impacting companies seeking non-dilutive funding for capex-intensive projects.</li>
<li>Subsidies and Tariffs: Potential downsizing or repeal of subsidies for EVs and tightening of charging incentives are risks. However, protectionist measures like <a href="https://www.benzinga.com/markets/asia/24/05/38824198/biden-announces-massive-tariffs-on-chinese-imports-to-protect-us-industries-clean-energy-solar-stock">tariffs on Chinese imports</a> are likely to remain, regardless of the administration.</li>
</ul>
Investors in the iShares Global Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NYSE">ICLN</a>), the First Trust NASDAQ Clean Edge Green Energy Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NYSE">QCLN</a>) and the Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) must take heed of these observations.
<h3 class="wp-block-heading">Traditional Energy Stocks</h3>
<ul>
<li>Regulations: The Trump administration could ease regulations and increase resource access, but ongoing legal and political challenges could continue to <a href="https://www.benzinga.com/news/24/05/38997165/trumps-policies-for-money-transaction-with-big-oil-under-investigation-by-senate-democrats-cronyism">shape the regulatory landscape</a>.</li>
<li>Refiners: Refiners might benefit from the continuation of Trump-era corporate tax cuts. However, geopolitical tensions, such as those in the Middle East, could pose risks to crude supply and impact refiner margins.</li>
</ul>
Investors in the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), the Vanguard Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDE#NYSE">VDE</a>) and the Alerian MLP ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMLP#NYSE">AMLP</a>) may want to adjust their positioning based on these observations.
<h3 class="wp-block-heading">Utility and Renewables </h3>
<ul>
<li>Regulated vs. Unregulated: Unregulated renewables are more sensitive to election outcomes, while regulated utilities are less affected. A Biden re-election could be a catalyst for renewables to regain ground lost in 2023.</li>
<li>IRA Resilience: Core utility and renewable energy provisions of the IRA are expected to be resilient, though a Trump victory could create uncertainty until policy clarity emerges.</li>
</ul>
See Also: <a href="https://www.benzinga.com/markets/esg/24/05/38759168/solar-is-leaving-wind-in-the-dust-as-world-renewable-energy-hits-new-high">Solar Is Leaving Wind In The Dust As Renewables Hit New High</a>
Utility sector investors such as those invested in the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>), the Global X US Infrastructure Development ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAVE#NYSE">PAVE</a>) or the Vanguard Utilities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VPU#NYSE">VPU</a>) must take note of such observation.
For those looking to get exposure to renewables, the ICLN, QCLN and PBW ETFs are popular capital market funds in the space.
<h3 class="wp-block-heading">Investment Considerations</h3>
Investors should monitor the evolving political landscape as the election approaches. The potential for policy shifts under different election scenarios underscores the importance of a diversified portfolio. 
As always, staying informed and agile in response to political developments will be key to navigating the energy sector&#8217;s challenges and opportunities in the run-up to the 2024 election.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39082854/exclusive-will-trumps-possible-return-to-power-make-bitcoin-ethereum-go-boom-or-bus">EXCLUSIVE &#8211; Will Trump&#8217;s Possible Return To Power Make Bitcoin, Ethereum Go Boom Or Bust? Experts Weigh In On Crypto&#8217;s Regulatory Future</a>
Image: Shutterstock

Regulations

Specialty ETFs

Politics

AMLP

PAVE

PowerShares Exchange Traded Fund Trust WilderHill Clean Energy Portfolio

What A Biden Or Trump Victory Might Mean For The Energy Sector

California is the largest U.S. state by population and was once the largest solar energy producer in the U.S. In a large shake-up, Texas has surpassed California as the largest domestic <a href="https://www.benzinga.com/topic/solar-energy">solar energy producer.</a>
The Data: An <a href="https://www.ft.com/content/ef2f6f8e-60df-4ccd-8c4f-ef5cd0eb3176">article</a> from the Financial Times outlined how Texas, which <a href="https://www.benzinga.com/general/23/06/32950886/texas-power-grid-strains-consumers-urged-to-cut-back-energy-use-during-heatwave">has its own energy </a>grid, has become a &#8220;model&#8221; for green energy adoption.
Texas&#8217; solar grid has grown exponentially in the past five years. In 2019, Texas had just over 2 gigawatts of solar plants compared to California&#8217;s 13. In 2024, Texas has 23.6 gigawatts to California&#8217;s 21.2. FT acquired the data from Grid Status.
According to data from the think tank Ember, Texas generated more power from solar than coal for the first time in March.
Why it Matters: Texas has consistently voted for Republican state legislative majorities, who themselves have been historically unlikely to support green energy. The fact that Texas surpassed Democratic stronghold California could indicate that solar energy adoption has become less politicized.
The state has also seen an increase in solar manufacturing. Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) <a href="https://www.solarpowerworldonline.com/2024/04/welcome-to-texas-the-new-solar-valley/">manufactures</a> solar inverters in Arlington while Canadian Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) manufactures panels in Mesquite. Several other manufacturers have announced plans to produce parts in Texas.
The state attracted attention as a newfound leader in green energy when<a href="https://www.benzinga.com/news/24/04/38041385/elon-musks-tesla-is-austins-biggest-private-employer-so-how-much-do-giga-texas-workers-get-paid"> Elon Musk moved </a>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) headquarters from California to Austin. <a href="https://www.benzinga.com/news/24/05/38912593/elon-musk-wants-giga-texas-roof-to-spell-out-tesla-amid-solar-panels-bright-enough-to-be-seen-at-nig">Musk reportedly wants</a> the roof of his Texas Gigafactory to be covered in solar panels.
For investors interested in the solar energy sector, here are three ETFs to consider:
<ol>
<li>Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>): Specializes in solar energy stocks​</li>
<li>iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>): Covers a diverse range of clean energy sources, including solar​ </li>
<li>First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>): Includes a mix of renewable energy companies, with substantial investments in solar energy​</li>
</ol>
Also Read: <a href="https://www.benzinga.com/markets/esg/24/05/38759168/solar-is-leaving-wind-in-the-dust-as-world-renewable-energy-hits-new-high">Solar Is Leaving Wind In The Dust As World Renewable Energy Hits New High</a>
Image generated using artificial intelligence via Midjourney.

CSIQ

California Loses The Solar Crown: Who's America's New Energy Star?

Benchmark&nbsp;analyst David Williams maintained&nbsp;ON Semiconductor Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) with a Buy and lowered the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ON/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$88&nbsp;to&nbsp;$80</a>.
While ON&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38494497/why-is-on-semiconductor-stock-trading-higher-on-monday" rel="noreferrer noopener">results were better</a>&nbsp;than feared, with stabilization in the Auto market and moderate improvement in traditional Industrial, Williams noted that the outlook missed expectations on persistent inventory digestion and a tepid demand environment.&nbsp;
SiC remains the key momentum driver in the near term, with convincingly strong evidence of the firm&#8217;s ability to outperform the industry growth by 2x, per the analyst.&nbsp;
Although unit volume remains the wildcard, share gains across existing platforms scheduled for production this year support substantial SiC growth opportunities.&nbsp;
However, with the pace of EV adoption in question and the accelerating push toward more economical models, investors are more concerned with the potential erosion of SiC content than ON seems to be, he said.&nbsp;
While Williams recognized the SiC performance advantages extend to the lower-end platforms, the number of sockets is considerably reduced&nbsp;and will&nbsp;require meaningfully higher unit sales to offset the lower available content.&nbsp;
The near-term growth opportunity remains positive, but the analyst is increasingly cautious about the sustainability of the&nbsp;mid&nbsp;to longer-term growth trajectory on the global SiC capacity expansion coming online and an anticipated mix shift toward&nbsp;lower content&nbsp;auto platforms over time.&nbsp;
Williams projected second-quarter revenue and EPS of $1.73 billion (prior $1.81 billion) and $0.92 (prior $1.00).
Goldman Sachs&nbsp;analyst Toshiya Hari reiterated a Buy rating on ON Semiconductor with a price target of $89 (up from $81 prior).
ON reported a modest upside to Street&#8217;s first-quarter 2024 EPS expectations ($1.08 vs. $1.04) and provided a better-than-feared fiscal second-quarter adjusted gross margin outlook of 45.2% (mid-point).&nbsp;
While the near-term outlook for the SiC business remains uncertain, Hari remained constructive on the company&#8217;s long-term growth potential given its above-average exposure to applications in secular growth, including Electrification, ADAS, Energy Infrastructure, and Factory Automation.
Hari projected second-quarter revenue and EPS of $1.71 billion and $0.93.
BofA Securities&nbsp;analyst Vivek Arya affirmed a Buy rating on ON Semiconductor with a price target of $80.
Arya noted that the first-quarter results were modestly better, with a better-than-expected second-quarter miss on auto inventory correction.&nbsp;
The second-half visibility sounded murky, but the analyst expects industrial stabilization and EV recovery to benefit ON, with incremental upside from data center power upgrades.&nbsp;
Arya expects the second quarter to be&nbsp;a cycle&nbsp;bottom, with $3.68 EPS in annualized trough proforma-EPS (4x Q2 $0.92 EPS).&nbsp;
He forecasts ON&#8217;s Silicon Carbide (SiC) sales to grow about 20% YoY to $980 million, though somewhat back-half weighted.
ON maintained a mid-40&#8217;s gross margin % floor, which Arya estimated sustains through the calendar year 2024, which is&nbsp;impressive despite low
utilization (65% in Q1 and likely stable through calendar 2024).
He noted that SiC growth is on track, as well as diversification within key Chinese OEMs (now in the top 10 of EV OEMs vs 4-5 prior).
The&nbsp;calendar year 2025 gross margin % expansion levers are in place as East Fishkill&nbsp;(EFK) headwinds&nbsp;roll-off&nbsp;(GlobalFoundries Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gfs#NASDAQ">GFS</a>) foundry relationship ending in 2025), along with&nbsp;$160&nbsp;million benefit from prior fab divestitures, Arya said.
The long-term gross margin upside&nbsp;is set at 53% from&nbsp;43% levels today, perhaps the highest among peers, the analyst added.
Arya projected second-quarter revenue and EPS of $1.73 billion (prior $1.76 billion) and $0.92.
ON Semiconductor stock lost over 9% in the last 12 months. Investors can gain exposure to the stock via&nbsp;First Trust NASDAQ Clean Edge Green Energy Index Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>) and&nbsp;EA Series Trust Strive U.S. Semiconductor ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>).
Price Action:&nbsp;ON shares are trading lower by 0.09% at $70.76 at&nbsp;the last check Tuesday.

Price Target

Reiteration

EA Series Trust Strive U.S. Semiconductor ETF

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ON Semiconductor Set for Growth: Analysts Cite SiC and Auto Market Stability As Catalysts

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도널드 트럼프 대통령은 2030년까지 전기차(EV) 보급률 50%를 목표로 한 조 바이든 전 대통령의 행정명령을 취소했다. 이 결정은 자동차 업계 전반에 파장을 일으켰다.
전기차 보조금 폐지 가능성, 주정부 차원의 배출권 면제 제한, 연방 배출권 규제 완화로 전기차(EV) 및 자동차 <a href="https://www.benzinga.com/etfs" target="_blank" rel="noopener">섹터에 노출된 ETF는</a> 좋은 쪽으로든 나쁜 쪽으로든 지각변동을 맞이할 것이다.
<h3>전기차 중심 ETF: 승자와 패자</h3>
Global X Autonomous &amp; Electric Vehicles ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>), iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>) 등 <a href="//www.benzinga.com/electric-vehicles"" target="_blank" rel="noopener">미국 기반 전기차 제조업체에 크게 의존</a>하는 ETF는 해당 기업 주식에 직접적으로 노출되어 있어 잠재적인 역풍을 맞고 있다. 테슬라(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), 리비안(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), 루시드(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) 같은 기업은 연방 세액공제가 폐지되면 소비자 수요가 감소할 수 있다.
그러나 니오(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), 샤오펑(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), 리오토(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) 같은 중국 자동차 제조업체를 상당수 보유하고 있는 KraneShares Electric Vehicles 및 Future Mobility ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>)처럼 글로벌 자동차 섹터 중심의 EV ETF는 회복력을 보일 수 있다. <a href="https://www.benzinga.com/markets/25/01/43091254/teslas-chinese-rivals-li-xpeng-nio-surge-while-rivian-declines-in-pre-market-as-trump-revokes-bidens-ev-target" target="_blank" rel="noopener">중국 전기차 스타트업</a>은 트럼프의 발표 이후 내수 판매 호조와 중국을 겨냥한 새로운 관세 부재에 힘입어 랠리를 펼쳤다.
<h3>테슬라의 독보적인 위치</h3>
여기서 한 가지 흥미로운 점을 생각해 볼 필요가 있다. 대부분의 전기차 중심 ETF의 주요 구성 종목인 테슬라는 정책 변경에도 불구하고 1월 22일 기준으로 1.08% 상승했다. 트럼프의 대선 캠페인에 자금을 지원한 일론 머스크 CEO는 전기차 보조금 중단에 동의했다.
머스크는 세액공제 폐지가<a href="https://www.benzinga.com/news/24/07/39934750/trump-presidency-and-ira-cut-would-be-devastating-for-competitors-says-elon-musk-long-term-probably" target="_blank" rel="noopener"> 테슬라에는 약간의 영향만 미치겠지만</a> 보조금에 의존하는 경쟁사에게는 큰 충격이 될 수 있다고 말했다. 즉, 테슬라가 잠재적 수혜자가 될 수도 있고 불리한 입장에 처할 수도 있다. 테슬라 비중이 큰 ETF로는 ARK Innovation ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), First Trust NASDAQ Clean Edge Green Energy Index Fund(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQ">QCLN</a>) 등이 있다.
<h3>소비자 행동과 장기적인 논의</h3>
7,500달러의 연방 전기차 세액공제 혜택이 폐지될 경우, 특히 럭셔리 부문에서 소비자의 관심이 가솔린 차량으로 다시 옮겨갈 수 있다. 테슬라의 연구원 트로이 테슬라이크는 세액공제가 폐지되면 테슬라가 가솔린 럭셔리 브랜드에 시장 점유율을 잃을 수 있다고 <a href="https://www.benzinga.com/24/12/42641207/researcher-says-cancelation-of-7500-ev-tax-credit-could-impact-teslas-deliveries-despite-ceo-elon-musk-claiming-otherwise" target="_blank" rel="noopener">경고했다</a>. First Trust Nasdaq Transportation ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>) 같이 광범위한 자동차 시장을 추적하는 ETF는 포트폴리오 내 기존 자동차 주식과 전기차 주식의 균형에 따라 성과가 엇갈릴 수 있다.
그러나 단기 변동성에도 불구하고 전기차 중심 ETF의 장기 전망은 글로벌 탈탄소화 추세와 밀접한 관련이 있다. 또한, 연방정부의 정책 철회는 특히 캘리포니아 및 기타 친전기차 주에서 주 차원의 이니셔티브로 상쇄될 가능성도 있다.
이 기사도 읽어보세요: <a style="font-size: revert; font-weight: revert;" href="https://kr.benzinga.com/news/usa/stocks/%EB%B1%85%ED%81%AC%EC%98%A4%EB%B8%8C%EC%95%84%EB%A9%94%EB%A6%AC%EC%B9%B4-%EB%93%B1-%EC%9B%94%EA%B0%80-%EB%8C%80%ED%98%95-%EC%9D%80%ED%96%89-%EC%B5%9C%EA%B3%A0%EC%9D%98-%EB%B6%84%EA%B8%B0/" target="_blank" rel="noopener">뱅크오브아메리카 등 월가 대형 은행 &#8216;최고의 분기&#8217;, 선거 변동성 속 거래 수익 245억 달러</a>
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최근 연구에 따르면 아칸소주가 전기차(EV) 배터리와 기타 첨단 제품에 필수적인 리튬을 상당량 보유하고 있을 가능성이 제기되었다.
무슨 일이 (What Happened): 사이언스 어드밴시스(Science Advances) 저널에 발표된 연구에서 연구원들은 아칸소 남부의 스맥오버 포메이션(Smackover Formation) 염수에 510만~1,900만 톤의 리튬이 있을 수 있다고 추정했다고 더 힐(The Hill)이 <a href="https://thehill.com/policy/energy-environment/4945872-arkansas-19-million-tons-lithium-battery-power/" target="_blank" rel="noopener">보도</a>했다. 이 양은 잠재적으로 현재 미국 리튬 자원 추정치의 35~136%를 차지할 수 있다.
연구원들은 공개되고 새로 수집된 염수 리튬 농도 데이터에 대해 훈련된 기계 학습 모델을 사용하여 남부 아칸소 전역의 스맥오버 포메이션 염수에서 예상되는 리튬 농도 예측 지도를 만들었다.
리튬 ETF들은 리튬 수요 증가로 혜택을 볼 수 있는 여러 회사들에 투자하여 포트폴리오를 다각화할 수 있는 방법을 제공한다.
고려할 만한 주요 리튬 ETF로는 Global X 리튬 및 배터리 기술 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIT#NYSE">LIT</a>), Amplify 리튬 및 배터리 기술 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BATT#NYSE">BATT</a>), First Trust NASDAQ 청정 에너지 인덱스 펀드(NASDAQGM:<a class="ticker" href="https://www.benzinga.com/stock/QCLN#NASDAQGM">QCLN</a>), iShares 글로벌 청정 에너지 ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>), 그리고 VanEck Vectors 희토류/전략 금속 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REMX#NYSE">REMX</a>)가 있다.
왜 중요한가 (Why It Matters): 자동차 제조사들과 기술 회사들은 <a href="https://www.benzinga.com/markets/equities/24/10/41360023/lithium-americas-shares-surge-as-gm-commits-625m-to-thacker-pass-project" target="_blank" rel="noopener" data-google-interstitial="false">리튬 공급을 확보하기</a> 위해 경쟁하고 있으며, 일부는 리튬 채굴 프로젝트에 투자하고 있다. 예를 들어, 제너럴 모터스는 리튬 아메리카스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>)와 네바다의 태커 패스(Thacker Pass) 리튬 프로젝트를 위한 공동 투자로 리튬 공급을 확보하고 있다.
유럽에서는 세르비아 의회가 <a href="https://www.benzinga.com/government/24/10/41289306/serbian-parliament-doesnt-pass-lithium-ban-keeps-rio-tintos-major-project-alive" target="_blank" rel="noopener" data-google-interstitial="false">리튬 탐사 및 개발을 금지하지 않기로</a> 결정하여 리오 틴토(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>)의 주요 자다르(Jadar) 프로젝트를 계속 진행할 수 있게 했다.
올해 1월, 마이크로소프트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)는 리튬 소비를 70% 줄이는 혁신적인 배터리 소재 개발을 위한 <a href="https://www.benzinga.com/top-stories/24/02/37188987/interesting-elon-musk-captivated-by-microsofts-70-lithium-reduced-battery-innovation" target="_blank" rel="noopener" data-google-interstitial="false">미국 국립 연구소와의 협력</a>을 발표했으며, 이는 테슬라(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)의 CEO인 일론 머스크의 관심을 끌었다.
더욱이, 2022년 7월, 머스크는 &#8220;리튬 배터리는 새로운 석유다&#8221;라고 트윗하며, 러시아의 우크라이나 침공으로 인한 <a href="https://www.benzinga.com/trading-ideas/movers/22/07/28056987/elon-musk-says-this-battery-metal-is-the-new-oil-but-should-the-vehicle-connoisseur-take-his" target="_blank" rel="noopener" data-google-interstitial="false">석유 문제 속 에너지 독립</a>의 중요성에 대한 크래프트 벤처스(Craft Ventures)의 공동 창립자 데이빗 색스(David Sacks)의 발언에 반응했다.

다음에 읽어볼 기사:
<ul>
<li><a href="https://www.benzinga.com/insights/options/24/10/41411253/palantir-technologies-unusual-options-activity?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">팔란티어 테크놀로지스 비정상적 옵션 거래 활동</a></li>
</ul>
이미지 출처: Shutterstock
이 기사는 <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a>를 통해 생성되었으며, <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>에 의해 편집되었습니다.
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