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GUELPH, ON, July 10, 2024 /PRNewswire/ -- Recurrent Energy , a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced today that it has signed a 10-year Power Purchase Agreement (PPA) with GKN Automotive, the global leader in drive systems. This agreement will allow for the annual production of approximately 200 GWh of renewable electricity and marks GKN Automotive's first renewable energy PPA in Europe.
Launched on 10/26/2005, the Invesco Aerospace & Defense ETF (PPA) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Aerospace & Defense segment of the equity market.
Aerospace & Defense Invesco ETF PPA is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 33.81% from its 52-week low price of $77.17/share.
PPA is a top-performing Aerospace & Defense ETF that's outperformed the market by 5% since my August 2023 review. Fees are high at 0.58% but justified, given its superior strategy. Compared to peers like XAR and ITA, PPA features better diversification with 51 stocks across 12 sub-industries. I also view its somewhat low allocation to Boeing as a key advantage. PPA's valuation is on the high end, trading 3-4 points more than benchmarks like XLI and SPY. However, after adjusting for non-profitable stocks, its more attractive than XAR and ITA.
Looking for broad exposure to the Industrials - Aerospace & Defense segment of the equity market? You should consider the Invesco Aerospace & Defense ETF (PPA), a passively managed exchange traded fund launched on 10/26/2005.
Aerospace & Defense ETFs like ITA, PPA and XAR have hit 52-week highs lately.
If you're interested in broad exposure to the Industrials - Aerospace & Defense segment of the equity market, look no further than the Invesco Aerospace & Defense ETF (PPA), a passively managed exchange traded fund launched on 10/26/2005.
It's been nearly two years since Russia invaded Ukraine. And as recent headlines confirm, the Middle East is once again a hotspot of geopolitical tensions.
PPA: The Right Balance Of Holdings To Leverage Defense Spending And Aerospace Growth
Aerospace & Defense Invesco ETF PPA is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 21.14% from its 52-week low price of $76.25/share.