Earth Day is here but green energy ETFs have struggled in 2024

Weekly Report: what happened at QCLN last week (0415-0419)?

Joby Aviation May Launch Flying Taxis By 2025 - What's Going On?

Joby Aviation, Inc. Is reportedly envisioning a futuristic commute from downtown Manhattan to JFK Airport in under seven minutes. The company aims to lead in launching air taxis, or eVTOLs, to market. Joby has $400 million support from Toyota Motor Corporation and Delta Air Lines.

What's Going On With Rivian Automotive Shares Today?

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading slightly lower in the premarket session on Tuesday. The company closed yesterday's session with a massive 8% slump. Rivian's stock has lost over 38% in the past year. The downturn follows the market buzz of EV behemoth Tesla, Inc (TSLA)

Weekly Report: what happened at QCLN last week (0408-0412)?

What's Going On With Rivian Automotive Stock Today?

Rivian Automotive, Inc. Stock has lost over 30% in the past year. Rivian is set to announce its first-quarter financial results on May 7. The company is expected to report losses of $1.15 per share. The EV manufacturer's production facility in Normal, Illinois is inactive.

Why Lucid Group Shares Are Gaining Today

Lucid Group, Inc. Shares are trading higher on Tuesday. The company said it produced 1,728 vehicles for the quarter ended March 31, 2024. Lucid stock has lost over 65% in the last one year. Last month, the company inked an agreement with majority stockholder to purchase $1 billion of convertible preferred stock.

U.S. grid operators say they're ready for big solar generation drop in today's eclipse

Energy U.S. Grid operators say they're ready for big solar generation drop in today's eclipse. More than 6.5 GW of domestic solar PV capacity will be totally obscured from sunlight. Texas will lose the most capacity of any state, with solar generation dropping by 92% at the peak of the eclipse.

Weekly Report: what happened at QCLN last week (0401-0405)?

SEC to pause new climate disclosure rule while litigation plays out

Energy SEC to pause new climate disclosure rule while litigation plays out. More than 20 Republican-led states and business groups have filed lawsuits seeking to overturn the rule. The SEC says it wants to focus on defending the rule's merits in court. The agency recently weakened the measure.

Surprising Analyst 12-Month Target For QCLN

Lighting Company Acuity Brands' Q2 Sales Dip But Profits and Margins Rise

Acuity Brands, Inc (NYSE:AYI) reported a second-quarter fiscal 2024 net sales decline of 4.0% year-over-year to $905.9 million. The company missed the consensus of $907.7 million. AYI stock gained 43% in the last 12 months.

Q1 2024 Macroeconomic Review: Tenacious Inflation's Lingering Impacts

Home Market Outlook Economy Analysis Q1 2024 Macroeconomic Review: Tenacious Inflation's Lingering Impacts. The first quarter of 2024 revealed a more-persistent-than-hoped picture of inflation. Consumer spending, the prime driver of the economy, showed signs of strain. The skepticism directed towards electric vehicles and renewable energy in Q1.

QCLN: Speculating With This High Risk, High Reward Renewable Electricity ETF

The First Trust NASDAQ Clean Edge Green Energy Fund is a highly speculative renewable energy fund. QCLN has suffered declines greater than nearly any other U.S. Equity ETF. The fund's constituents have a 1.60 five-year beta. The green energy fund has a 184% total return in 2020 but is now down to 42%.

Weekly Report: what happened at QCLN last week (0325-0329)?

Berkeley, California, to repeal first U.S. gas ban after settling lawsuit

Berkeley, California, to repeal first U.S. Gas ban after settling lawsuit with the California Restaurant Association. A court ruled the ban violated the federal Energy Policy and Conservation Act. The city of Berkeley has agreed to drop the first-ever natural gas ban following a settlement agreement.

Weekly Report: what happened at QCLN last week (0318-0322)?

Biden set to award billions to decarbonize U.S. heavy industries - Bloomberg

Energy Biden set to award billions to decarbonize U.S. Heavy industries. The Biden administration plans to award as much as $6.3B through dozens of grants to help hard-to-decarbonize industries cut emissions. The funding will be aimed at industries that account for nearly 25% of U.s. Emissions. Cleveland-Cliffs is proposing to make steel using hydrogen.

U.S. solar manufacturers urge greater government support for local production

Tech Energy U.S. Solar manufacturers urge greater government support for local production. A new report calls for stricter domestic content requirements for clean energy tax credits. Chinese-owned PV companies supplied more than half of all solar modules shipped to the U.s. In 2023.

Weekly Report: what happened at QCLN last week (0311-0315)?