Wind Energy Stocks
Top 10 of 46 FAN holdings, updated
As of 12 October 2026, wind energy stocks are trailing the S&P 500, over the past month and over the longer run. FAN trails the S&P 500 by 7.7 points over one month and ranks #89 of 115 groups Zensei tracks. 9 of the 9 wind energy stocks Zensei prices in FAN beat the fund this month.
Where wind energy stocks stand now
As of 12 October 2026, Wind Energy (FAN) ranks #89 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is out of favor: it trails the S&P 500 on both rotation windows — 7.7 points behind over the past month and 2.9 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, FAN's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. FAN's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via First Trust Global Wind Energy ETF, whose 46 tracked holdings are led by Nordex SE Akt. Nach Kapitalherabsetzung, Orsted As and Vestas Wind Systems As. Weighted by portfolio, the fund's holdings trade at roughly 24.1× earnings. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
Top wind energy stocks right now
The largest wind energy stocks by weight in FAN, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of FAN
- 1Nordex SE Akt. Nach Kapitalherabsetzung8.8%
- 2Orsted As8.3%
- 3Vestas Wind Systems As7.8%
- 4Edp Renewables SA7.6%
- 5China Longyuan Power Group Corp Ltd5.3%
Strongest this month
1-month return, holdings Zensei prices
- 1Ge Vernova IncGEV+4.2%
- 2Northland Power IncNPIFF+2.1%
- 3Arcosa IncACA+1.6%
- 4Renew Energy Global PLCRNW+0.9%
- 5American Superconductor CorpAMSC+0.2%
Wind Energy Stocks vs the S&P 500
Over the week to 12 October 2026, FAN fell 1.0% while the S&P 500 rose 0.4%. FAN and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means FAN won that window.
Prices as of · computed from daily adjusted closes · how we measure
Wind Energy on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are wind energy stocks expensive?
The price-to-earnings ratio of FAN as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
FAN holdings: the wind energy stocks inside
As of 12 October 2026, 9 of the 9 wind energy stocks Zensei prices in FAN beat the fund over the past month. 2 of them beat the S&P 500. The strongest is Ge Vernova Inc (GEV); the weakest is Nextera Energy Inc (NEE). Inside the fund, most holdings move the same way.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | Nordex SE Akt. Nach Kapitalherabsetzung | 8.8% | — | — | No price data | ||
| 2 | Orsted As | 8.3% | — | — | No price data | ||
| 3 | Vestas Wind Systems As | 7.8% | — | — | No price data | ||
| 4 | Edp Renewables SA | 7.6% | — | — | No price data | ||
| 5 | China Longyuan Power Group Corp Ltd | 5.3% | — | — | No price data | ||
| 6 | Erg SPA | 4.1% | — | — | No price data | ||
| 7 | Cadeler As | 4.1% | — | — | No price data | ||
| 8 | Cs Wind Corp | 3.3% | — | — | No price data | ||
| 9 | Goldwind Science & Technology Co Ltd | 3.1% | — | — | No price data | ||
| 10 | Century Iron and Steel Industrial Co Ltd | 2.2% | — | — | No price data | ||
All 46 FAN holdings by weight: Nordex SE Akt. Nach Kapitalherabsetzung 8.8%, Orsted As 8.3%, Vestas Wind Systems As 7.8%, Edp Renewables SA 7.6%, China Longyuan Power Group Corp Ltd 5.3%, Erg SPA 4.1%, Cadeler As 4.1%, Cs Wind Corp 3.3%, Goldwind Science & Technology Co Ltd 3.1%, Century Iron and Steel Industrial Co Ltd 2.2%, Ge Vernova Inc (GEV) 2.1%, Prysmian SPA 2.1%, Hitachi Ltd 2.1%, Acciona SA 2.1%, Siemens Energy AG 2.0%, Rwe AG 2.0%, Arcosa Inc (ACA) 2.0%, Iberdrola SA 2.0%, Toray Industries Inc 2.0%, Skf AB 1.9%, Nextera Energy Inc (NEE) 1.9%, The Timken Co (TKR) 1.9%, Northland Power Inc (NPIFF) 1.9%, Engie SA 1.9%, Alliant Energy Corp (LNT) 1.9%, Enel SPA 1.9%, Enlight Renewable Energy Ltd 1.6%, Clearway Energy Inc (CWEN) 1.4%, Bkw AG 1.4%, China Datang Corp Renewable Power Co Ltd 0.9%, Concord New Energy Group Ltd 0.8%, Unison Co Ltd 0.7%, Energiekontor AG 0.7%, American Superconductor Corp (AMSC) 0.7%, Deme Group NV 0.6%, Gurit Holding AG Registered 0.6%, Pne AG Namen-Akt. Nach Kapitalherabsetzung 0.6%, Dongfang Electric Corp Ltd 0.5%, Fugro NV 0.4%, Orron Energy AB 0.4%, Energix-Renewable Energies Ltd 0.4%, Akfen Yenilenebilir Enerji As 0.4%, Renew Energy Global PLC (RNW) 0.3%, Galata Wind Enerji 0.3%, China Suntien Green Energy Corp Ltd 0.2%, Sif Holding NV 0.2%.
Wind Energy Stocks: common questions
What are the top 3 wind energy stocks?
As of 12 October 2026, the three largest wind energy stocks in FAN by fund weight are Nordex SE Akt. Nach Kapitalherabsetzung (8.8%), Orsted As (8.3%) and Vestas Wind Systems As (7.8%). Fund weight shows size inside the fund, not a recommendation.
Which wind energy stocks are beating the sector?
As of 12 October 2026, 9 of the 9 wind energy stocks Zensei prices in FAN beat the fund over the past month. The strongest over the past month is Ge Vernova Inc (GEV). The list above shows every holding with its weight and returns.
Are wind energy stocks outperforming the S&P 500?
No. As of 12 October 2026, FAN trails the S&P 500 by 7.7 points over the past month.
Is it a good time to invest in wind energy stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, wind energy stocks are behind the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is FAN?
FAN is First Trust Global Wind Energy ETF. Zensei uses it to measure wind energy stocks against the S&P 500 (SPY).
What stocks does FAN own?
As of 12 October 2026, the largest of the 46 positions Zensei tracks in FAN are Nordex SE Akt. Nach Kapitalherabsetzung, Orsted As, Vestas Wind Systems As, Edp Renewables SA, China Longyuan Power Group Corp Ltd. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is wind energy in right now?
As of 12 October 2026, wind energy is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: trailing the market
Related sectors
Track wind energy against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.