Top ESG ETFs of the week: Hydrogen & Solar ETFs

This week the top ESG ETFs include uranium, hydrogen and solar ETFs. In this article we break down the events that caused these ETFs to be on the top list this week.

Rising nuclear energy support and Sprott's buying spree lifts Uranium ETFs

Sprott Physical Uranium Trust is back at it with more physical Uranium purchases, buying an additional 1.15 million pounds of physical Uranium last week. The trust has acquired 15.3 million pounds of the radioactive material since its inception on July 19th, 2021. The buying spree coupled with news emerging from France and Japan about their intention to restart or build nuclear reactors, helped uranium stocks rebound.

ETFs in the Uranium and Nuclear space benefited from the recent updates, with North Shore Global Uranium Mining ETF, Horizons Global Uranium Index ETF, Global X Uranium ETF gaining +19.86%, +18.10% and +17.85% respectively.         

Solar ETFs shine amid the lingering Energy crunch

Solar energy stocks had a great week last week as tailwinds from energy markets played in the industry's favor. The surge in oil, natural gas and coal prices have shifted investors long term bets to solar power. This will play an important role in the green agenda and help fossil fueled nations escape from the claws of rising energy bills.

In the ETF space, Invesco Solar ETF and Invesco Solar Energy UCITS ETF gained around 10%.

Hydrogen ETFs lifted by Plug Power's pop and Macron's €30 billion plan

Hydrogen ETFs with large exposure to Plug Power were top ESG ETF performers last week. The fuel cell specialist announced it will be working closely with Phillips 66 and Airbus on various hydrogen projects, including hydrogen fueling, hydrogen-related infrastructure and mobility. Plug Power ended the week up by 15%, while other hydrogen shares rose on French President Macron €30 billion investment plan, which includes funding for green-hydrogen factories.

The flow of positive updates in the hydrogen space lifted VanEck Vectors Hydrogen Economy UCITS ETF, The Defiance Next Gen H2 ETF, Global X Hydrogen ETF and Horizons Global Hydrogen Index by more than 9%.

Top 10 ESG ETFs of the week:  

• North Shore Global Uranium Mining ETF: +19.86%
• Horizons Global Uranium Index ETF: +18.10%
• Global X Uranium ETF: +17.85%
• Simplify Volt Cloud and Cybersecurity Disruption ETF: +16.98%
• The Defiance Next Gen H2 ETF: +12.54%
• Global X Hydrogen ETF: +11.85%
• Horizons Global Hydrogen Index ETF: +11.63%
• Invesco Solar Energy UCITS ETF: +9.95%
• VanEck Vectors Hydrogen Economy UCITS ETF: +9.87%
• Invesco Solar ETF: +9.71%

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