Trump’s Environmental Policies Could Threaten the Progress of Blue Economy ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2024
0mins
Source: TipRanks
Impact of Trump's Policies on Blue Economy ETFs: Donald Trump's potential return to the White House and his plans to roll back pro-climate regulations could negatively affect blue economy exchange-traded funds (ETFs), particularly those focused on ocean-related companies. The KraneShares Rockefeller Ocean Engagement ETF (KSEA) is expected to be more resilient compared to others like IQ Clean Oceans ETF (OCEN) and Global X CleanTech ETF (CTEC).
Performance Outlook for KSEA: Analysts have a Moderate Buy consensus rating on KSEA, with strong performance indicators suggesting it can withstand unfavorable market conditions. The fund has shown a 12% rally over the past year, with an average price target indicating further upside potential.
Analyst Views on WM
Wall Street analysts forecast WM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WM is 247.61 USD with a low forecast of 223.00 USD and a high forecast of 266.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
15 Buy
5 Hold
0 Sell
Strong Buy
Current: 226.490
Low
223.00
Averages
247.61
High
266.00
Current: 226.490
Low
223.00
Averages
247.61
High
266.00
About WM
Waste Management, Inc. is a provider of environmental solutions. The Company provides collection, recycling, and disposal services to millions of residential, commercial, industrial, and municipal customers throughout the United States and Canada. Its segments include East Tier, West Tier, Recycling Processing and Sales, WM Renewable Energy, and WM Healthcare Solutions. East Tier primarily consists of geographic areas located in the Eastern U.S., the Great Lakes region and all of Canada. The West Tier primarily includes geographic areas located in the Western U.S., including the upper Midwest region and British Columbia, Canada. Recycling Processing and Sales includes the processing and sales of materials collected from residential, commercial, and industrial customers. WM Renewable Energy develops, operates, and promotes projects for the beneficial use of landfill gas. WM Healthcare Solutions includes Regulated Waste and Compliance Services and Secure Information Destruction services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
