One of the best ways to make big money in the stock market is by buying shares of companies that are benefiting from tech revolutions. The best tech ETFs are often great choices for retail investors because they give everyone the ability to take advantage of revolutions without taking on a ton of risk.
Two of the biggest changes in our society, of course, are the widespread use of solar energy and electric vehicles. Fortunately, the two ETFs allow investors to benefit directly from the explosion of those two technologies.
If you want to dive in before these trends explode, here are three of the best tech ETFs to buy right now:
Best Tech ETF: Invesco Solar ETF (TAN)
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Cost Ratio: 0.66%, or $66 on an initial $10,000 investment
Three recent developments have lit a fire under solar stocks in general and the Invesco Solar ETF (NYSEARCA:SKIN COLOR) in particular.
The Senate and House of Representatives recently passed the Democrats’ budget bill, which, if signed into law, would implement a 30% investment tax credit for all solar energy projects for 10 years. Solar energy companies are poised to get a huge boost in the US for many years to come.
Meanwhile, in June, President Joe Biden waived tariffs on solar imports from several Southeast Asian countries for two years. The move will greatly benefit the many Chinese solar companies that have factories in those countries and the companies that are undertaking solar projects in the US
Finally, the European Union decided in May to try to install a large “400GW of solar PV by 2025 and almost 740GW by 2030.”
The electrification of transportation, along with the pro-solar policies of China, India and many other countries, should also greatly boost the TAN ETF, making it one of the best tech ETS to buy.
Global X Lithium & Battery Tech ETF (LIT)
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Cost Ratio: 0.75%
Tesla (NASDAQ:TSLA) CEO Elon Musk recently wrote that “lithium batteries are the new oil.” In other words, with EV demand and production exploding, countries and automakers are scrambling to get their hands on as much lithium and as many electric vehicle batteries as they can.
Provides another great endorsement for Global X Lithium & Battery Tech ETF (NYSEARCA:LIT), Musk also recently called lithium mining and refining “a license to print money.”
That situation, of course, is good for lithium miners and battery makers. And over the past few weeks, both types of companies have reported very strong quarterly results.
LG Chemwhich trades in South Korea, on July 29 reported that its revenue rose 400% year-over-year, driven in part by an improvement in its EV battery business.
“We are seeing a gradual increase in our cylindrical battery shipments and we expect to see continued growth as global EV demand continues to grow,” said the company’s CFO.
Meanwhile, on August 2, the lithium miner Albemarle (NYSE:ALB) reported higher-than-expected Q2 EPS and raised full-year EPS guidance as its revenue from lithium rose 178% YOY.
ALB stock is the largest component of the Global X Lithium & Battery Tech ETF, accounting for 12% of its total holdings.
Best Tech ETF: Robo Global Robotics and Automation Index ETF (ROBO)
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Cost Ratio: 0.95%
Robo Global (NYSEARCA:ROB) is a great, low-risk way to benefit from the robotics and automation trend. Among its leading properties Fanuc (OTCMKTS:FANUY), a leader in industrial robotics, and Service Today (NYSE:NOW), a leader in workflow automation.
Another of the fund’s holdings is Azenta (NASDAQ:AZTA), an intriguing company that “provides life science sample exploration and management solutions for the life science market.” Among its leading products are “automated cold sample management systems.” By automating processes in the life science sector that typically require highly paid human employees, Azenta can save companies in the space enormous amounts of money.
In the month ended August 11, ROBO stock climbed 16%, indicating that the ETF is starting to heat up.
As of the date of publication, Larry Ramer held a long position in LIT. The opinions expressed in this article are those of the writers, subject to InvestorPlace.com’s Publishing Guidelines.