(ICLN) Global Clean Energy - Overview
ETF Category: Miscellaneous Sector | Exchange: NASDAQ (USA) | Market Cap: 2.911m USD | Total Return: 68.7% in 12m
TER: 0.41%
Avg Turnover: 159M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The iShares Global Clean Energy ETF (ICLN) tracks an index of approximately 100 international companies involved in the production of solar, wind, and other renewable energy sources. The fund maintains a mandate to invest at least 80% of its total assets in the underlying index components, while reserving up to 20% for derivatives, cash equivalents, and non-index securities to manage liquidity and tracking error.
The clean energy sector typically relies on long-term power purchase agreements (PPAs) to generate predictable cash flows from utility-scale infrastructure projects. As a non-diversified fund, ICLN often holds concentrated positions in specific sub-industries, such as photovoltaic hardware manufacturing and hydroelectric power generation. Investors can further evaluate these underlying holdings and their fundamental health on ValueRay.
- High interest rates increase capital costs for utility-scale renewable energy projects
- Global government subsidies and tax credits drive long-term infrastructure investment demand
- Volatile polysilicon and battery metal prices impact solar and storage margins
- Decarbonization mandates accelerate corporate procurement of renewable energy power contracts
- Geopolitical trade barriers on Chinese components disrupt global solar supply chains
Over the past week, the price has changed by -1.65%, over one month by +9.52%, over three months by +13.80% and over the past year by +68.73%.
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