NaaS Technology Included in the Investment Portfolio of Carbon Collective Climate Change Solutions ETF (CCSO.O)

Rhea-AI Summary

NaaS Technology Inc. (NAAS) has been included in the Carbon Collective Climate Change Solutions ETF, marking the first time for NaaS to be held by an actively managed ETF. The ETF has net assets of approximately $22 million and 1.2 million shares outstanding, with 218 underlying stocks in its portfolio. NaaS is also held by other well-recognized funds focusing on environmental issues, and has been listed in renowned indexes from leading indexing companies, signaling global recognition.

Insights

Financial Analyst

The inclusion of NaaS Technology Inc. within the Carbon Collective Climate Change Solutions ETF portfolio marks a significant milestone for the company. This event is a positive signal to the market, reflecting investor confidence in NaaS's potential for growth and its alignment with the burgeoning sustainable investment trend. The active management aspect of the ETF implies a strategic decision-making process behind the selection of NaaS, potentially based on rigorous analysis of the company's financial health, market position and growth prospects within the EV charging sector.

Given the ETF's focus on climate change solutions, NaaS's core business in EV charging services is evidently well-aligned with the fund's investment criteria. This synergy could attract further attention from similar funds or socially responsible investors, potentially increasing the stock's liquidity and broadening its investor base. Moreover, the ETF's current net assets and the diversity of its holdings across various environmentally focused sectors suggest a balanced exposure for investors, with NaaS now contributing to this mix.

Market Research Analyst

The electric vehicle (EV) market is rapidly expanding and infrastructure support, including charging services, is a critical component of this growth. NaaS's inclusion in an ETF that invests in climate change solutions positions it advantageously within the green economy ecosystem. This development not only enhances NaaS's visibility among investors who prioritize sustainability but also underscores the relevance of EV charging infrastructure in the transition to a low-carbon economy.

By examining the ETF's top holdings and other EV-related companies in its portfolio, it is evident that NaaS is now among industry leaders in terms of investment potential within the sustainable investment space. This could lead to increased scrutiny and expectations from investors regarding NaaS's performance and sustainability practices. The company's listing in renowned indexes further cements its status as a recognized player in the global market, which may translate into a more robust valuation.

Environmental Economist

The inclusion of NaaS Technology Inc. in an environmentally focused ETF highlights the growing economic importance of sustainable business practices. It reflects a broader trend where environmental considerations are becoming integral to investment decisions. This trend is driven by both consumer demand for sustainable products and services and by regulatory pressures encouraging low-carbon initiatives.

As climate change mitigation becomes increasingly urgent, companies like NaaS that provide essential services for the operation of EVs are likely to see a rise in demand. This could result in long-term financial benefits for the company and its investors. However, it also places a responsibility on NaaS to maintain high environmental standards and to continue innovating in order to stay competitive within an ETF that emphasizes climate change solutions.

BEIJING, Jan. 26, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it has been included in the most recent investment portfolio of the Carbon Collective Climate Change Solutions ETF (CCSO.O). This is the first time for NaaS to be held by an actively managed ETF.

Headquartered in San Francisco, the Carbon Collective is an online investment company that concentrates on climate change-related investment.

Carbon Collective Climate Solutions U.S. Equity ETF, launched by Carbon Collective, is a diversified, US-focused all-cap fund that heavily invests in companies in green utility, waste management, biofuel, carbon capture and sequestration, water utilities, and plant-based diet areas.

As of January 24, 2024, the ETF claimed net assets of approximately $22 million, with 1.2 million shares outstanding. There are 218 underlying stocks in the ETF's portfolio, of which the top holdings are Waste Management Inc. (WM.US), Waste Connections (WCN.US), Nucor Corporation (NUE.US), Southern Copper Corp. (SCCO.US), and Carrier Global Corporation (CARR.US). Electric vehicle (EV) companies such as Tesla (TSLA.US), Li Auto (LI.US), NIO (NIO.US), and XPeng (XPEV.US) are also included.

In addition to the Carbon Collective Climate Solutions U.S. Equity ETF, NaaS is also held by the Invesco WilderHill Clean Energy ETF (PBW.P) and the HANetf Electric Vehicle Charging Infrastructure UCITS ETF (ELEC.L), both of which are well-recognized funds focusing on environmental issues.

In the meantime, NaaS has been listed in multiple renowned indexes from the world's leading indexing companies, such as Solactive, BITA, and China Securities Index, which signals NaaS' global recognition.

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop EV charging solutions to charging stations comprising online EV charging, offline EV charging and innovative and other solutions, supporting every stage of the station lifecycle. As of September 30, 2023, NaaS had connected 767,611 chargers covering 73,710 charging stations, representing 41.6% and 50.0% of China's public charging market share respectively.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com
Media inquiries:
E-mail: pr@enaas.com

View original content:https://www.prnewswire.com/news-releases/naas-technology-included-in-the-investment-portfolio-of-carbon-collective-climate-change-solutions-etf-ccsoo-302045606.html

SOURCE NaaS Technology Inc.

FAQ

What is the recent announcement from NaaS Technology Inc. (NAAS)?

NaaS has been included in the most recent investment portfolio of the Carbon Collective Climate Change Solutions ETF, the first time for NaaS to be held by an actively managed ETF.

What are the net assets and outstanding shares of the Carbon Collective Climate Change Solutions ETF?

The ETF has net assets of approximately $22 million and 1.2 million shares outstanding.

How many underlying stocks are in the ETF's portfolio?

There are 218 underlying stocks in the ETF's portfolio.

Which other well-recognized funds is NaaS held by?

NaaS is also held by the Invesco WilderHill Clean Energy ETF and the HANetf Electric Vehicle Charging Infrastructure UCITS ETF, both focusing on environmental issues.

What indexes has NaaS been listed in?

NaaS has been listed in indexes from renowned indexing companies such as Solactive, BITA, and China Securities Index, signaling global recognition.