Sum Up The Pieces: QCLN Could Be Worth $17

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust NASDAQ Clean Edge Green Energy Index Fund ETF ( QCLN), we found that the implied analyst target price for the ETF based upon its underlying holdings is $17.08 per unit.

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With QCLN trading at a recent price near $14.58 per unit, that means that analysts see 17.11% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of QCLN's underlying holdings with notable upside to their analyst target prices are JinkoSolar Holding Co., Ltd. ( JKS), Silver Spring Networks Inc ( SSNI), and Maxwell Technologies, Inc. ( MXWL). Although JKS has traded at a recent price of $15.40/share, the average analyst target is 46.75% higher at $22.60/share. Similarly, SSNI has 19.40% upside from the recent share price of $13.40 if the average analyst target price of $16.00/share is reached, and analysts on average are expecting MXWL to reach a target price of $5.50/share, which is 18.53% above the recent price of $4.64. Below is a twelve month price history chart comparing the stock performance of JKS, SSNI, and MXWL:

JKS, SSNI, and MXWL Relative Performance Chart

Below is a summary table of the current analyst target prices discussed above:

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