ProShares - S&P Kensho Cleantech ETF (CTEX) Stock Analysis

Why this analysis is different

• A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

ProShares - S&P Kensho Cleantech ETF (CTEX) Financial Services Profile

ProShares - S&P Kensho Cleantech ETF (CTEX) is a non-diversified fund that tracks the S&P Kensho Cleantech Index, investing in companies involved in clean energy technologies. It offers investors exposure to the growing cleantech sector, focusing on renewable energy sources and related innovations within the asset management industry.

What Is the Investment Thesis for CTEX?

CTEX presents an investment opportunity for those seeking exposure to the cleantech sector. As of 2026-03-16, the fund's performance is tied to the S&P Kensho Cleantech Index, which includes companies involved in renewable energy technologies. Growth catalysts include increasing global demand for clean energy and supportive government policies. However, the fund's non-diversified nature and a beta of 2.42 indicate higher volatility. The absence of dividend yield may deter income-focused investors. The fund's success is dependent on the continued growth and innovation within the cleantech industry.

Based on FMP financials and quantitative analysis

CTEX Key Highlights

CTEX tracks the S&P Kensho Cleantech Index, providing targeted exposure to the cleantech sector.

• The fund is non-diversified, concentrating its investments in clean energy technologies.
• CTEX's beta of 2.42 indicates higher volatility compared to the broader market.
• The fund does not offer a dividend yield, which may not appeal to income-seeking investors.
• CTEX's performance is closely tied to the growth and adoption of clean energy technologies globally.

Who Are CTEX's Competitors?

CTEX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are CTEX's Key Strengths?

Targeted exposure to the growing cleantech sector.

• Tracks a well-defined index (S&P Kensho Cleantech Index).
• Managed by an experienced ETF provider (ProShare Advisors).

What Are CTEX's Weaknesses?

Non-diversified nature increases volatility.

• No dividend yield may deter income-seeking investors.
• Performance is highly dependent on the cleantech sector's growth.

What Could Drive CTEX Stock Higher?

Increasing global demand for clean energy solutions.

• Supportive government policies and incentives for renewable energy.
• Technological advancements in cleantech driving further adoption.
• Corporate sustainability initiatives boosting demand for clean energy.
• Expansion of the electric vehicle market increasing demand for clean energy.

What Are the Key Risks for CTEX?

Economic downturns impacting clean energy investments.

• Changes in government policies affecting renewable energy incentives.
• Competition from other cleantech ETFs and investment funds.
• The fund's non-diversified nature increases volatility.
• Dependence on the cleantech sector's growth.

What Are the Growth Opportunities for CTEX?

• Increased Government Incentives: Government policies and incentives, such as tax credits and subsidies, are expected to continue driving the adoption of clean energy technologies. The Inflation Reduction Act in the United States, for example, provides significant financial support for renewable energy projects. As these incentives expand globally, companies within the S&P Kensho Cleantech Index stand to benefit, driving growth for CTEX. The timeline for this growth is ongoing, with continuous policy updates and implementation expected to further boost the sector.
• Growing Demand for Renewable Energy: The global demand for renewable energy is increasing as countries strive to meet climate goals and reduce carbon emissions. This trend is expected to continue, with significant investments in solar, wind, and other renewable energy sources. Companies within the S&P Kensho Cleantech Index are well-positioned to capitalize on this demand, driving growth for CTEX.
• Technological Advancements in Cleantech: Ongoing technological advancements in clean energy technologies, such as improved battery storage, more efficient solar panels, and advanced wind turbines, are making renewable energy more cost-competitive and reliable. These advancements are driving further adoption and growth in the sector. Companies within the S&P Kensho Cleantech Index are at the forefront of these innovations, positioning them for continued growth and success, which will positively impact CTEX's performance. The timeline for these advancements is continuous, with ongoing research and development efforts.
• Corporate Sustainability Initiatives: An increasing number of corporations are setting sustainability goals and investing in renewable energy to reduce their carbon footprint. This trend is driving demand for clean energy solutions and creating opportunities for companies within the S&P Kensho Cleantech Index. As more companies prioritize sustainability, the demand for cleantech solutions will continue to grow, benefiting CTEX. The timeline for this growth is ongoing, with more corporations announcing sustainability initiatives and targets.
• Expansion of Electric Vehicle Market: The electric vehicle (EV) market is rapidly expanding, driving demand for clean energy to power these vehicles. The growth of the EV market is creating opportunities for companies involved in battery technology, charging infrastructure, and other related areas within the cleantech sector. Companies within the S&P Kensho Cleantech Index are positioned to benefit from this trend, driving growth for CTEX. The EV market is projected to continue growing significantly in the coming years, offering substantial opportunities for the cleantech sector.

What Are CTEX's Competitive Advantages?

• Index Tracking: CTEX benefits from tracking the S&P Kensho Cleantech Index, which provides a defined and transparent investment strategy.
• Specialized Focus: The fund's focus on the cleantech sector provides a unique offering for investors seeking targeted exposure to renewable energy technologies.
• Expert Management: ProShare Advisors manages the fund, leveraging its expertise in creating and managing specialized ETFs.

What Does CTEX Do?

ProShares - S&P Kensho Cleantech ETF (CTEX) is designed to provide investment results that correspond to the performance of the S&P Kensho Cleantech Index. This index focuses on companies that are driving innovation in the clean energy sector. The ETF invests in companies involved in the development and production of technologies and products related to clean energy sources such as solar, wind, geothermal, hydrogen, and hydroelectric power. By tracking this index, CTEX offers investors a way to gain exposure to a portfolio of companies that are at the forefront of the clean energy revolution. The fund operates by investing in all component securities of the index, maintaining a similar proportion to the index weightings. As a non-diversified fund, CTEX concentrates its investments in a specific sector, which may result in higher volatility compared to more diversified investment products. ProShare Advisors manages the fund, leveraging its expertise in creating and managing specialized ETFs. The fund's objective is to provide investors with a targeted investment vehicle focused on the cleantech industry, enabling them to participate in the growth of renewable energy and sustainable technologies.

What Products and Services Does CTEX Offer?

• Invests in securities that track the S&P Kensho Cleantech Index.
• Focuses on companies involved in clean energy technologies.
• Provides exposure to solar, wind, geothermal, hydrogen, and hydroelectric energy sectors.
• Invests in all component securities of the index.
• Maintains a similar proportion to the index weightings.
• Operates as a non-diversified fund.
• Offers investors a targeted investment vehicle focused on the cleantech industry.

How Does CTEX Make Money?

• Tracks the performance of the S&P Kensho Cleantech Index.
• Generates revenue through management fees.
• Invests in companies involved in clean energy technologies.

What Industry Does CTEX Operate In?

CTEX operates within the asset management industry, specifically focusing on the cleantech sector. The cleantech industry is experiencing growth driven by increasing global awareness of climate change and supportive government policies promoting renewable energy. The competitive landscape includes other ETFs and investment funds that focus on clean energy, such as BULD, CLOD, CZAR, GENW, and HFMF. CTEX differentiates itself by tracking the S&P Kensho Cleantech Index, which uses a data-driven approach to identify companies involved in clean energy innovation.

Who Are CTEX's Key Customers?

• Institutional investors seeking exposure to the cleantech sector.
• Retail investors interested in renewable energy investments.
• Financial advisors looking for specialized ETFs for their clients.

CTEX Valuation & Market Position

With a $5.14M market cap, ProShares - S&P Kensho Cleantech ETF sits in the micro-cap segment of the market. Relative to its peer group, CTEX's quantitative score of 47/100 is below the peer average of 71/100.

Return on equity for ProShares - S&P Kensho Cleantech ETF stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. CTEX trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.

CTEX Financials

CTEX Latest News

CTEX Analyst Consensus

CTEX MoonshotScore

Common Questions About CTEX (Financial Services)

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources