Global X Solar ETF (RAYS)
| Assets | $6.61M |
| NAV | $20.66 |
| Expense Ratio | 0.50% |
| PE Ratio | 23.76 |
| Shares Out | 320,000 |
| Dividend (ttm) | $0.00 |
| Dividend Yield | 0.02% |
| Ex-Dividend Date | Dec 30, 2021 |
| 1-Year Return | -12.47% |
| Volume | 2,817 |
| Open | 21.34 |
| Previous Close | 20.66 |
| Day's Range | 21.28 - 21.34 |
| 52-Week Low | 16.20 |
| 52-Week High | 28.53 |
| Beta | -1.50 |
| Holdings | 51 |
| Inception Date | Sep 8, 2021 |
About RAYS
The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of solar technology. The fund is non-diversified.
Top 10 Holdings
64.62% of assets| Name | Symbol | Weight |
|---|---|---|
| Enphase Energy | ENPH | 11.43% |
| SUNGROW POWER -A | 300274.SZ | 8.59% |
| First Solar | FSLR | 7.48% |
| TCL ZHONGHUAN -A | 002129.SZ | 7.09% |
| LONGI GREEN EN-A | 601012.SS | 6.85% |
| SolarEdge Technologies | SEDG | 6.00% |
| TRINA SOLAR CO LTD-A | 688599.SS | 5.01% |
| JA SOLAR TECHN-A | 002459.SZ | 4.69% |
| GCL TECHNOLOGY H | 3800.HK | 3.94% |
| SunRun | RUN | 3.54% |
News
Solar Energy Market Expected to Triple by 2027
The push towards renewable energy use is getting an added boost from the U.S. government, especially with the recently signed Inflation Reduction Act, which contains solar energy subsidies. As such, the...
Inflation Reduction Act Is a Ray of Sunshine for This Solar ETF
On its surface, it seems like the Inflation Reduction Act quite simply and obviously reduces inflation. However, upon reading the fine print, it does a lot for the clean energy industry, including solar...
Look to Solar ETFs as the U.S. Moves to Pass the Inflation Reduction Act
With the Inflation Reduction Act expected to be passed and signed, investors could look to solar sector-related exchange traded funds to capitalize on the increased support for the clean energy industry...
Sunnova CEO John Berger on Inflation Reduction Act: Our company and sector will be recession proof
John Berger, Sunnova CEO, joins 'Closing Bell' to discuss the tailwind solar stocks gain from the Inflation Reduction Act.
Solar ETFs Dim After SolarEdge Technologies Q2 Earnings Disappoints
SolarEdge Technologies Inc. (NasdaqGS: SEDG) shares plummeted Wednesday, dragging down solar sector-related exchange traded funds, after quarterly earnings results disappointed market expectations. On W...
Clean Energy ETFs Climb on New Climate Spending Bill
Clean energy sector-related exchange traded funds surged Thursday after Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.Va.
Solar ETFs Shine After Enphase's Record Quarterly Results
Enphase Energy Inc. (NasdaqGS: ENPH) shares jumped Wednesday, lifting solar sector-related exchange traded funds, after reporting record quarterly revenue and higher profits. On Wednesday, the Invesco S...
4 Sector ETFs That Survived Market Turmoil in June
June has proved to be a brutal month for the stock market. The combination of factors such as decades-high inflation, the Russia-Ukraine conflict and Fed?
SolarEdge, Enphase Help Solar ETFs Rally
SolarEdge Technologies (NasdaqGS: SEDG) and Enphase Energy (NasdaqGS: ENPH) surged Thursday, lifting solar sector-related exchange traded funds. Among the better-performing non-leveraged ETFs of Thursda...
Solar ETFs Shine as EU Outlines Plans for Energy Independence
Solar sector-related exchange traded funds climbed Thursday after the European Union outlined plans to build out its solar supply chain to diminish its exposure to Russian energy imports. Among the best...
Clean Technology ETFs Could Gain Momentum as Europe Looks for New Energy Sources
Clean technology sector-related exchange traded funds could gain momentum as European economies take a harder look at their reliance on Russian energy imports and consider alternatives. Europe is trying...
China's Push for More Solar Power Could Boost This ETF
According to a Reuters article, China is looking to add 75 to 90 gigawatts (GW) of solar power in 2022, opening up the investment field for renewable energy plays in solar energy. “Distributed solar pow...
University Study: Texas Could Go Big on Wind and Solar Energy
While the state of Texas is the largest coal consumer according to the U.S. Energy Information Administration (EIA), it also has significant wind and solar energy growth. According to a Fortune article,...
Solar ETFs Gleam in Broad Market Rebound
Solar stocks and sector-related exchange traded funds surged Thursday, alongside a broader rally in growth stocks. On Thursday, the Invesco Solar ETF (NYSEArca: TAN) advanced 8.6%, and the Global X Sola...
Enphase Energy's Phenomenal Earnings Brighten Solar ETFs
Solar sector-related exchange traded funds climbed after Enphase Energy (NasdaqGS: ENPH) revealed market-beating fourth-quarter results. On Wednesday, the Invesco Solar ETF (NYSEArca: TAN) advanced 4.0%...
Global X Doubled Its Assets to $44 Billion in 2021 and Here's Why
Thematic ETF provider Global X finished 2021 with twice as many assets as the previous year, prompting market experts to ponder just how the company did it. “The firm ended as the 12th largest ETF manag...
As China Alleviates Supply Chain Issues, Get Exposure to This Solar ETF
As China continues to work towards reducing its carbon footprint, solar energy will play a vital role in helping achieve that goal. While the pandemic is causing supply chain disruptions around the glob...
Will Copper Lead the Way for Renewable Energy?
The push towards heavier reliance on renewable energy will mean increased mining for commodities that can be used to build the materials, which makes copper a prime option. “Copper is considered an esse...
2 ETFs to Ponder For Meeting Energy Demands
As the global push towards more reliance on renewable energy continues, the demand for energy globally could be met using wind and solar, which opens up opportunities in a pair of Global X ETFs. A colla...
As Renewable Energy Continues to Thrive, Bask in This Solar ETF
A push toward more renewable energy use is allowing solar-powered projects to thrive, as well as exchange traded funds (ETFs) that focus on the like, such as the Global X Solar ETF (RAYS). Even during a...
Solar ETFs Shine After Enphase's Record Q3 Beat
Solar sector exchange traded funds jumped on Wednesday after Enphase Energy Inc. (ENPH) revealed third quarter earnings that were well above expectations. On Wednesday, the Invesco Solar ETF (NYSEArca: ...
Global X Expands Clean Energy ETF Suite With Launches
The alternative energy space is expected to get stronger under President Joe Biden's administration.
Global X Debuts 2 Renewables ETFs
The thematic issuer's newest funds aim for exposure to wind and solar companies.