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

Últimas noticias sobre 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

Itron Inc

Allegro Microsystems, Inc.

Federal Realty Investment Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) announced a <a href="https://www.benzinga.com/pressreleases/25/07/n46315604/federal-realty-and-mercedes-benz-high-power-charging-forge-landmark-ev-infrastructure-agreement" target="_blank" rel="noreferrer noopener">strategic partnership</a> Wednesday with Mercedes-Benz High-Power Charging, naming the automaker its preferred EV charging provider. The collaboration aims to deploy over 500 ultra-fast charging stalls across at least 50 of Federal&#8217;s open-air retail centers.
Each site will feature up to 10 charging stations capable of delivering 400 kW speeds, accessible to all EV drivers. The initiative begins with 20 initial locations, such as Camelback Colonnade in Phoenix, Lawrence Park Shopping Center in Pennsylvania, and Shops at Pembroke Gardens in Florida, with chargers expected to go live in 2026.
Don Wood, CEO of Federal Realty, called the deal a turning point for EV infrastructure in retail. &#8220;We&#8217;re introducing a forward-looking amenity that enhances the customer experience and reinforces the long-term strength of our portfolio,&#8221; he said.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/46058477/jpmorgans-reit-reshuffle-ventas-stock-climbs-cold-storage-giants-slip" rel="noreferrer noopener">JPMorgan&#8217;s REIT Reshuffle: Ventas Stock Climbs, Cold Storage Giants Slip</a>
Andrew Cornelia, CEO of Mercedes-Benz HPC North America, emphasized the importance of user experience. &#8220;Charging isn&#8217;t just about power — it&#8217;s about place,&#8221; he said, pointing to the convenience of integrating EV infrastructure into already high-traffic destinations.
The partnership embraces a portfolio-wide approach rather than installing chargers one site at a time. This model is designed to accelerate deployment while reducing complexity—a shift both companies say is key to supporting the growing number of EV drivers.
Mercedes-Benz HPC currently <a href="https://www.benzinga.com/pressreleases/25/07/n46315607/mercedes-benz-high-power-charging-named-preferred-ev-charging-provider-for-federal-realty" target="_blank" rel="noreferrer noopener">operates</a> over 400 charging stalls in 14 states and is investing $1 billion to expand its network to 2,500 charging stalls nationwide by 2027.
Mercedes-Benz High-Power Charging is a joint venture between subsidiaries of Mercedes-Benz Group AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MBGAF#OTC">MBGAF</a>) and MN8 Energy LLC.
Relevant ETFs: Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</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: As of the last check on Wednesday, FRT shares were trading 1.33% higher at $95.37 premarket.
Read Next:
<a target="_blank" href="https://www.benzinga.com/markets/asia/25/07/46314532/elon-musk-led-tesla-records-9-surge-in-june-model-y-sales-in-china" rel="noreferrer noopener">Elon Musk-Led Tesla Records 9% Surge in June Model Y Sales In China</a>
Photo: Shutterstock

News

Tech

CHPT

DRIV

MERCEDES BENZ GROUP AG by Mercedes Benz Group AG

MBGAF

QCLN

TSLA

Shoppers Can Soon Fast-Charge EVs At Malls Thanks To Mercedes-Benz, Federal Realty Deal

Gevo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) reported on Wednesday that it has <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45642976/gevo-to-sell-luverne-minnesota-ethanol-facility-to-a-e-innovation-will-retain-isobutanol-assets-fo" rel="noreferrer noopener">agreed to sell</a> its ethanol subsidiary, Agri-Energy LLC, to A.E. Innovation LLC for $7 million. The deal includes Gevo&#8217;s idle 18-million-gallon-per-year ethanol plant in Luverne, Minnesota, which has been offline since 2022.
Gevo will retain key isobutanol assets and a portion of the site for future use, enabling the potential production of up to 1 million gallons annually of isobutanol, convertible into specialty chemicals or renewable jet fuel.
A.E. Innovation, a Minnesota-based agriculture group, plans to restart ethanol production and develop the location into a hub for scaling clean fuel technologies.
Also Read: <a href="https://www.benzinga.com/top-stories/25/05/45381191/first-solar-eyes-best-2-day-rally-since-2013-after-gop-tax-plan-spares-key-clean-energy-credits">First Solar Eyes Best 2-Day Rally Since 2013 After GOP Tax Plan Spares Key Clean Energy Credits</a>
The sale provides Gevo with $2 million upfront and $5 million in future payments while reducing approximately $3 million in annual idling costs.
Gevo CEO Patrick Gruber emphasized the opportunity to build new partnerships and highlighted Minnesota&#8217;s leadership in sustainable agriculture.
The restart of ethanol production is expected to benefit Luverne&#8217;s local economy, bolster support for farmers, and reinforce the town&#8217;s role in the renewable energy transition.
Gevo announced yesterday the <a href="https://www.benzinga.com/pressreleases/25/05/g45629960/gevo-promotes-leke-agiri-to-chief-financial-officer" target="_blank" rel="noreferrer noopener">appointment</a> of Oluwagbemileke (Leke) Agiri as Chief Financial Officer, effective May 21, 2025.  He succeeds L. Lynn Smull, who will take on a new role as Executive Vice President and Senior Advisor to the CEO.
The leadership change reflects Gevo&#8217;s long-term succession planning and positions the company for its next phase of strategic growth.
Related ETFs: Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>), 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: GEVO shares are trading higher by 1.32% to $1.15 at last check Wednesday.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45429266/solar-security-alert-communication-devices-discovered-in-chinese-inverters-heres-the-stocks-that-could-be-affected">DOE Warns Of Hidden Risks As Chinese Devices In Power Inverters Sparks National Security Concerns: 7 Stocks That Could Be In Focus</a></li>
</ul>
Image via Shutterstock

Asset Sales

Movers

GEVO

PowerShares Exchange Traded Fund Trust WilderHill Clean Energy Portfolio

Gevo's Ethanol Plant Sale Cuts $3 Million From Annual Expenses

Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares gained traction on Tuesday as the electric vehicle manufacturer revealed a strategic alliance with <a href="https://www.benzinga.com/pressreleases/25/05/b45516149/rivian-and-samsara-partner-to-streamline-electric-fleet-management" target="_blank" rel="noreferrer noopener">connected operations leader </a>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>).
With this new integration, Samsara customers can now access data on Rivian vehicles in their fleet on the Samsara Platform.
The newly announced collaboration allows Samsara users to access detailed insights from their Rivian electric commercial vehicles directly within the Samsara platform—an advancement aimed at streamlining fleet visibility and improving sustainability outcomes.
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, RIVN stock has gained over 61% 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>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/25/05/45490934/rivians-software-chief-hails-volkswagen-partnership-says-german-automaker-gained-startup-dna-ahead-of-budget-ev-launch" rel="noreferrer noopener">Rivian&#8217;s Software Chief Hails Volkswagen Partnership, Says German Automaker Gained &#8216;Startup DNA&#8217; Ahead Of Budget EV Launch</a>
With Rivian&#8217;s commercial vans increasingly deployed in last-mile delivery and rental services, the integration comes at a pivotal time for operators looking to optimize logistics and operational efficiency.
The unified system offers a single dashboard view of vehicle data, such as GPS location, battery status, odometer readings, and safety metrics like seatbelt usage.
According to Tom McNeela, vice president of Hardware Product Management at Samsara, the initiative helps businesses make smarter, faster decisions. &#8220;Samsara is committed to providing our customers with a unified platform that simplifies their operations and empowers them to make data-driven decisions,&#8221; he said.
&#8220;We are excited to partner with Rivian to streamline access to their vehicle data, enabling our customers to more effectively manage their electric fleets and accelerate the transition to sustainable transportation,&#8221; McNeela added.
The platform&#8217;s instant activation and secure access features are designed for scalability, supporting both small-scale and expansive fleet operations.
Businesses gain a holistic view of vehicle performance, allowing them to cut time lost to manual tracking or juggling between systems.
Tom Solomon, Rivian&#8217;s vice president of Business Development, emphasized the significance of reducing operational complexity for commercial customers. &#8220;Our collaboration with Samsara provides a streamlined approach to securely accessing vehicle data, empowering businesses to optimize their fleet operations and improve overall efficiency,&#8221; he said.
The Samsara-Rivian integration is currently available in the U.S. through the Samsara App Marketplace.
Ptice Action: RIVN shares are trading higher by 1.84% to $16.60 at last check Tuesday, while IOT shares are trading lower by 0.64% to $47.16.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45487522/tesla-is-accepting-trade-ins-for-2024-cybertruck-amid-plummeting-sales-figures-report" target="_blank" rel="noreferrer noopener">Tesla Is Accepting Trade-Ins For 2024 Cybertruck Amid Plummeting Sales: Report</a></li>
</ul>
Photo: Shutterstock

Equities

Markets

General

RIVN

What's Going On With Rivian And Samsara Stock Today?

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:
<ul>
<li><a href="https://www.benzinga.com/news/25/03/44493472/whats-going-on-with-electronics-maker-kopins-stock-today" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Electronics Maker Kopin&#8217;s Stock Today?</a></li>
</ul>
Image via Shutterstock.

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:
<ul>
<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:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43731881/whats-going-on-with-hsbc-stock-today" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With HSBC Stock Today?</a></li>
</ul>
Photo via Shutterstock.

LCID

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:
<ul>
<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. 
Check Out: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/01/43111463/pgs-chart-shows-bearish-signs-is-q2-earnings-the-turning-point">P&amp;G&#8217;s Chart Shows Bearish Signs – Is Q2 Earnings The Turning Point?</a></li>
</ul>
Photo: Shutterstock

Sector ETFs

ETFs

ARKK

FTXR

IDRV

KARS

XPEV

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.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/25/01/43013312/defense-stocks-fall-on-gaza-ceasefire-while-broader-market-rallies-whats-going-on" target="_blank" rel="noreferrer noopener">Defense Stocks Fall On Gaza Ceasefire While Broader Market Rallies: What&#8217;s Going On?</a></li>
</ul>
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.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/media/24/12/42701434/netflixs-nfl-debut-brings-record-streams-but-lags-traditional-tv-report" target="_blank" rel="noreferrer noopener">Netflix&#8217;s NFL Debut Brings Record Streams But Lags Traditional TV: Report</a></li>
</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.
See Also:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42822846/nvidia-5000-series-product-updates-make-it-top-semiconductor-pick-ahead-of-jensen-huangs-ces-keynote-analyst" target="_blank" rel="noreferrer noopener">Nvidia 5000 Series, Product Updates Make It Top Semiconductor Pick Ahead Of Jensen Huang&#8217;s CES Keynote: Analyst</a></li>
</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:
<ul>
<li><a href="https://www.benzinga.com/24/11/42181771/rivian-ceo-tesla-exec-slam-restrictions-on-direct-to-customer-sales" target="_blank" rel="noreferrer noopener">Rivian CEO, Tesla Exec Slam Restrictions On Direct-To-Customer Sales: RJ Scaringe Says It Is &#8216;As Close As You Can Get To Corruption&#8217;</a></li>
</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
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41856843/solaredge-is-a-show-me-story-after-disappointing-q3-analyst" target="_blank" rel="noreferrer noopener">SolarEdge Is A &#8216;Show-Me Story&#8217; After Disappointing Q3: Analyst</a></li>
</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
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40799524/lucid-showcases-new-gravity-suv-teases-affordable-crossover-ev" target="_blank" rel="noreferrer noopener">Lucid Showcases New Gravity SUV, Teases Affordable Crossover EV</a></li>
</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. 
Read Next: 
<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">Palantir Technologies Unusual Options Activity</a></li>
</ul>
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>

Global

BATT

iShares S&P Global Clean Energy Index Fund

ICLN

MSFT

Market Vectors Rare Earth/Strategic Metals Etf

REMX

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
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41148891/jobs-report-in-focus-will-slower-growth-push-the-fed-toward-november-interest-rate-" target="_blank" rel="noreferrer noopener">Jobs Report In Focus: Will Slower Growth Push The Fed Toward November Interest Rate Cut?</a></li>
</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
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39858300/tesla-sees-24-drop-in-california-registrations-as-ev-competition-heats-up" target="_blank" rel="noreferrer noopener">Tesla Sees 24% Drop In California Registrations As EV Competition Heats Up</a></li>
</ul>

Legal

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: 
<ul>
<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

Long Ideas

Analyst Ratings

Trading Ideas

ACHR

ENVX

JOBY

PLUG

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%.
Read Now: 
<ul>
<li><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></li>
</ul>
Photo: Andreas from Pixabay

RAYS

VCLN

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

First Trust Nasdaq Clean Edge Green Energy Index Fund

Comments

First Trust NASDAQ Clean Edge Green Energy Index Fund

Noticias

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

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL