This summary was created by AI, based on 1 opinions in the last 12 months.
Experts believe that the BMO Clean Energy Index ETF (ZCLN-T) has potential for long-term growth, particularly under a climate-friendly administration. The stock initially surged when Biden was elected, but the excitement waned, causing the chart to look like a multi-year low. However, it is considered cheap relative to other options in the market. Despite the challenges under a Trump presidency, experts suggest that this could be the time to buy for long-term investors.
The ZCLN is very similar to the ICLN, but in Canadian dollars. Some of these ETFs have fallen over the last few months, but now are stabilizing and moving higher. One of the mega-trends. Watch that most stocks have already priced in positive moves, where the average PE of the stocks is about 52x. Be careful of valuations.
BMO Clean Energy Index ETF is a Canadian stock, trading under the symbol ZCLN-T on the Toronto Stock Exchange (ZCLN-CT). It is usually referred to as TSX:ZCLN or ZCLN-T
In the last year, 1 stock analyst published opinions about ZCLN-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BMO Clean Energy Index ETF.
BMO Clean Energy Index ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for BMO Clean Energy Index ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered BMO Clean Energy Index ETF In the last year. It is a trending stock that is worth watching.
On 2025-01-14, BMO Clean Energy Index ETF (ZCLN-T) stock closed at a price of $12.37.
Likes ICLN long term (ZCLN is the Canadian version). Challenge is that under a climate-friendly Biden administration, it did poorly. You need to look at the 5-year chart to gain perspective. When Biden was elected, a lot of these names had a lot of excitement around them and the ETF really shot up. But there was no follow-through, so the chart looks like a multi-year low. It's certainly not going to improve under a Trump presidency.
Cheap relative to lots of things out there. When Trump won the nomination, a lot of solar/wind/clean energy stocks got absolutely crushed. If you're a long-term thinker, this is the time to buy, when there's blood in the streets.