Broker: DBS Bank
Date of Report: 22 April 2026
Excerpt from DBS Bank report.
Report Summary
- Actionable Idea: DBS highlights four renewable energy ETFs as key picks for investors seeking exposure to structural growth in the renewables sector, especially given rising energy security concerns and AI-driven power demand.
- Top ETF Picks with Differentiated Exposure:
- INRG (iShares Global Clean Energy UCITS ETF): Largest and most diversified global clean energy ETF, with broad exposure to renewable utilities, equipment, and grid infrastructure. Suitable as a core allocation for global energy transition exposure.
- PBW (Invesco WilderHill Clean Energy ETF): Equal-weighted US-focused ETF with a tilt towards smaller and earlier-stage clean energy innovators. Offers strong upside during periods of accelerating investment but may exhibit higher volatility.
- QCLN (First Trust NASDAQ Clean Edge Green Energy ETF): US-focused, diversified across solar, batteries, EVs, and semiconductors. Offers meaningful technology weighting and is well-positioned for growth in clean technology segments.
- ACES (ALPS Clean Energy ETF): Concentrated exposure to North American clean energy companies spanning renewables, storage, EVs, and grid infrastructure.
- Key Investment Rationale:
- Renewables benefit from heightened energy security concerns (e.g., risks to oil supply routes), policy support, and fast-growing demand from data centres and AI infrastructure.
- Falling generation and storage costs reinforce long-term competitiveness of renewables.
- INRG stands out for scale and diversification; PBW for innovation exposure; QCLN for technology tilt; ACES for US clean energy focus.
- No explicit BUY/SELL rating or target price is given as the report focuses on ETF selection and actionable sector exposure rather than single stock calls.
above is an excerpt from a report by DBS Bank. Clients of DBS Bank can be the first to access the full report from the DBS Bank website : https://www.dbs.com
