“Cheap gas has definitely made it harder to compete,” David Crane, chief executive officer of NRG Energy Inc., said in the article, arguing that with the subsidy, companies were able to propose wind projects “below the price of gas.”
FAN is the only wind industry-specific ETF listed, but there are a couple broad alternative energy ETFs that focus on clean energy companies. For instance, the PowerShares WilderHill Clean Energy Portfolio (NYSEArca: PBW) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NasdaqGS: QCLN) focus on U.S. clean energy companies, while the Market Vectors Global Alternative Energy ETF (NYSEArca: GEX) and PowerShares Global Clean Energy Portfolio (NYSEArca: PBD) cover global companies. [Improving Technology, Falling Costs Lift Clean Energy ETFs]
First Trust Global Wind Energy Fund
For more information on the wind industry, visit our wind category.
Max Chen contributed to this article.