Global X CleanTech vs Consolidated Edison, Inc. — how do they compare? Global X CleanTech trades at $56.49, while Consolidated Edison, Inc. trades at $111.89 (market cap $41.21B). The key difference: Consolidated Edison, Inc. pays a 3.11% dividend while Global X CleanTech pays none, and Consolidated Edison, Inc. is trading nearer its 52-week high, Global X CleanTech nearer its low. Which is the better fit depends on your goals.
| CTEC | ED | |
|---|---|---|
Sector | Sector/Thematic | Utilities |
52-Week High | $78.11 | $115.46 |
52-Week Low | $39.45 | $95.37 |
Market Cap | — | $41.21B |
Enterprise Value | — | $68.24B |
Dividend Yield | — | 3.11% |
Trailing returns across standard periods
CTEC invests in companies at the forefront of the clean technology industry. It focuses on disruptive innovations in renewable energy production, energy storage, smart grids, and energy efficiency, with top holdings like Enphase and First Solar.
Read more on CTEC →Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities will generate nearly all of Con Ed's earnings once it closes the sale of its clean energy business to RWE. Con Ed's clean energy business owns the second-largest portfolio of utility-scale solar projects in the U.S. Following the sale, Con Ed's only non-utility earnings will come from investments in gas and electric transmission.
Read more on ED →